1217499 SIP myths you must know!

There is a lot of shopping during the festive season. The festival season has started from Navratri, which will continue till Diwali. During this time, real estate companies will give all kinds of offers to lure home buyers. These can include electronic items, gold, iPhones, and even cars. But in reality most gift prices are added to the total price of the house.

If you don’t need these gifts, don’t take them. Talk to the builder to deduct the price of the gifts from the price of the house. This can save you money. Many times builders offer amenities like modular kitchen and wooden work. Before booking, you should find out how much these amenities cost in the market. Buy property as per your budget instead of festive offers. You can get all these amenities added later too.

Usually, there is an agreement between the builder and bank on project financing home loans can be offered to home buyers without processing fees. Before making down payment, the interest rate offered should be compared with the interest rates of other banks.

It Is not wise to take a loan at a higher interest rate to avoid one-time processing fees. A higher interest rate means that you will have to pay more money every month until the loan is fully paid off.

Whether you buy property during the festive season or on normal days. Check builder and developers track record. Also enquire about builder’s previous projects. Check if the builder has delivered on time in his previous projects or not. What is the quality of construction? Have the promises made to buyers been fulfilled or not. You can take real-time feedback by talking to people living in the flats of builder’s previous projects.

These things will tell you that you are dealing with the right and trustworthy builder it will help you avoid hassles during possession. Check the RERA registration of the project before buying a house.

Festive offers can make your flat deal attractive. But there are some things that should not be ignored such as location. Where is the project located? Is the surrounding area good or not?

There should be basic facilities like electricity, water connection, and roads. There should be public transport and safety measures. Schools, colleges, hospitals, shops for everyday items, and banks should not be very far from the project.

If you are planning to buy a house during the festive season like Nikhil, then do some homework. This will also help you take advantage of festive offers. And you will face fewer difficulties in getting possession of your house.