January 27, 2016

Top Considerations for the First-Time Home Buyers

Buying a home of our own is always a dream come true. We often keep planning to invest on a home of our choice throughout the major part of our lives. And this planning involves not just saving money but also considering several other factors. Friends and family play a significant role in influencing our home buying decision too. So, while there is a lot of speculation on the subject, it is not to be denied that a first-time buyer should actually consider a number of factors and aspects before making the final investment. Let’s take a closer look.

A Stand-Alone House or a Flat

Top Considerations for the First-Time Home BuyersThe first question that arises in a home buyer’s mind is whether to go for a house or a flat. While some buyers are sure about what they want, many remain in doubt. Now, the choice of a house or a flat depends on two things. First, your earlier experience of living in either of the two, which explains your natural inclination and second is your living style and work life. People who have lived in houses usually prefer looking for those on sale. On the other hand, those who prefer to live in a more compact surrounding and derive the advantages of living in a building complex, go for flats. Generally speaking, stand-alone houses are difficult to manage and maintain especially if you have a busy work life. Also, with flats, it is likely that you get like-minded people and a ready neighbourhood near your building. Both have advantages and disadvantages so it is better to go by your personal choice and preference.


Buying a house is one of the biggest investments of your life. So, it is always advisable that you plan your finances well before time. Getting a home loan is not much of a big deal today, thanks to the increase in the number of banks and other private money lending institutions. Decide carefully about how much you are going to pay as the down payment amount. Keep your budget a little flexible because the value of real estate appreciates and depreciates rather frequently. Also, as you go ahead in the process, there are certain additional costs that will arise, which are necessary and unavoidable too.

The Real Estate Agent Factor

Once you have decided on what you are going to buy and how much you are ready to pay, it is now time to find a reputed real estate agent or company. Make sure checking the portfolio of the company to be assured that you get enough options. For the dream home that you are going to step into must have all the qualities to cater to your specific requirements. Negotiating with the real estate agent is the next and the most important step in the process. Show them your buying capabilities while also keeping them on their toes to get you the best available option.

Author-Bio: Jennifer Rogers is a freelance blogger on the web and he writes extensively about real estate. He is a keen observer and researcher of this sector and his articles portray the various tips and tricks of buying properties in Kolkata.