Ready to Buy your first home?

Buying your first home is quite the exciting prospect, but are you ready to buy your first apartment in Goa? Read the points below and see for yourself.

Apartments in Goa

Budget:   If you have a your financial affairs settled and can chalk up a budget that leaves you comfortably financed for a day to day life even after making a home purchase (Loan or Full Payment), then you have definitely crossed your first check mark for readiness to purchase a home. Keep in mind that once a property is purchased there are small things such as decoration, interiors and other matters that require additional finances. Take account of these finances while working on your budget.

Down payment:  Home purchases involve a down payment of normally 20-25% of the property value. It’s your second hurdle and arranging it is definitely your most important action. When you go around arranging this amount, keep in mind there are other expenses such as taxes, moving expenses etc that usually come along with this.

Reliable source of Income: If you have a shaky job or living paycheck to paycheck without much savings, you need to reconsider your stance for property purchase. While purchasing a property it’s advisable to possess finances to support yourself for at least a couple of months.

Long term commitment:  Buying a home is a large investment decision. So be prepared to be locked into that decision till the term is over.  Pulling your hand out early could cost you a lot. Go in for it only if you can make the commitment for the years you are putting in.

Buying your first home is a big decision, so don't rush it. Make sure you can before you go ahead with the big decision.