Real Estate Latest News Today: Buying a home is everyone’s dream and it is one of the major decisions in a person’s life, especially for first-time homebuyers. Amid rising prices of properties, the demand for real estate is also surging across cities. However, if you are planning to buy a new house, as a first-time homebuyer, you need to keep certain things in mind that will enable you to take wise decisions.
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Set Priorities Right
Before buying any house or property, the buyers need to set their priorities right. If you are looking for a bigger space and have finance issue, then you should look for under-construction properties by renowned developers.
Secondly, you can choose ready-to-move-in property if you are looking for tax saving options. As per the guidelines, buyers cannot claim tax benefits on the interest paid on home loans for the under-construction property until the final possession and handover of the occupancy certificate (OC).
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Good Research About Home Builders Crucial
Another important thing to keep in mind is to do thorough research about the builder from whom you are planning to buy the house. It is always wise to do a background check on how many projects the builder has delivered in the past and whether there is any issue with the builder in the past.
Check Environmental Compliances
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Most importantly, a home buyer needs to see whether the property is built as per the global environmental and sustainability standards and have all necessary certifications. It is also equally important to know whether the property is purchased for living or for long-term investment, a sustainable project that follows all necessary environmental compliances.
