Buying A Home Without Even Breaking The Budget

1. Buying A Home Without Even Breaking The Budget MAY 9 Authored by: Godrej Seven 1

2. You must’ve waited many years until you came across that perfect home. But what happens if it is out of your budget. Purchasing a dream home involves a lot of decisions such as its location, the amenities and most primarily its cost. The addition of more features can significantly push your home beyond your expected price range. By carefully planning your long-term finances and estimating your budget you can buy your dream home without making a big hole in your pocket. Here are a few budgeting tips which can help you in buying your dream home: 2

3. Get pre-approved by a mortgage lender: This means securing finances before plunging into the real estate market. A pre-approved loan amount helps you to find a home within your budget. In addition, real estate agents prefer working with parties who are pre-approved and are serious to make that purchasing offer. Sell your current home then look for a new one: It may seem like a daunting task and may take time, but it will provide you the advantage of making an offer with cash-in-hand. Sellers look for buyers who are confident and have their funds in place. Try to avoid the bidding game: Suppose you make an offer for a home you like. But the seller informs you that several other offers have been made. Placing bids against other interested buyers means increasing your offer amount and your budget as well. It’s okay if you don’t win the bidding game, there are plenty of other options available in the market and your budget will remain intact. Differentiating between a must have and should have: While searching for your dream property you must be clear about what it “must have” and what it “should have”. Let’s say you are a family of three, so you must have a two bedroom home to live properly. However, in “should have” situation the requirement can be overlooked if pricing becomes an issue. For example, You might want to purchase a three-bedroom house in which you can convert one room into a home office or guest room, but that third room can be reconsidered when funds are limited. Additionally, if you are a first-time house buyer then it might not be 3

4. the place you will live in for very long and a normal kitchen will be a better option than a fancy gourmet one. By keeping it simple you will make your house hunting experience a rewarding one. Stop comparing with other buyers: Not all houses are same and neither are their prices. If someone you know purchases a house which has two bedrooms, an outdoor kitchen, and an electric stove. Don't feel disheartened, there are endless possibilities out there. Who knows, maybe your home will have better amenities which come at a lesser price range. Also, think about the long-term benefits you are achieving (i.e. a luxurious vacation or a health insurance for your family) by staying in budget. Buy a newly constructed home over an older version: It is much wiser to buy a newly constructed home rather than an older version. Newer versions offer better housing amenities (i.e. modern kitchen areas, appealing interiors and sophisticated sanitary ware). Their foundations are strong and can withhold the tests of time. Older properties only offer that vintage appeal and lack extremely in structural strength. Investment should only be made when the house is in a good locality: If you make a clever investment in your home then you will reap the benefits for years to come. Good returns are assured when the property is located in a well-connected area. While purchasing a house it is most important to figure out whether there is good connectivity through transport and how close it is to regular facilities such as markets, hospitals, schools, and banks. 4

5. There are several real estate companies which have upped their game to bring affordable and stylish homes to their customers. One of them is Godrej Developers, a well-known name in the real estate world. They are creating a revolution with their upcoming Godrej Seven Joka Project. It will be located in Joka which is a budding locality of Kolkata and it is well connected to the main city by the legendary 4-lane diamond harbor road. The project boasts of world-class amenities such as breathtaking landscapes, textured interiors, and Energy conservation measures. All of which elevate your living experience to another level. Not only has this, but its high-grade construction and architecture have made it a fruitful investment for prospective buyers. The project will be launching in the coming months and will form a great part of Joka’s ongoing cultural heritage. For more information, about this housing heaven know more about Godrej Seven 5