How To Buy A Big Home In A Small Budget

How To Buy A Big Home In A Small Budget

How To Buy A Big Home In A Small Budget
Projects delays have been a major cause of discontent among home buyers across India. (Wikimedia)

Having a home you can call your own is a dream every individual has. Let high property rates not deter your plans, as today's real estate market is full of options that may fit in in any budget. All you need to do is a little bit of research to land in your dream home.

Try these factors out to make your dream home fit your budget:

Second-hand homes

Prices of second-hand and older properties are comparatively less than new constructions. Also, if you may find a seller who is in a hurry to sell off his property, you will be able to strike a good deal by heavy bargains. You may end up bagging a deal below the marker rate.

Looking to suburbs

Apartments in a posh neighbourhood that is easily accessible from your workplace may cost you a lot. The price range of apartments situated on the outskirts of the city, however, would be much less and fall in your budget. Also, purchasing a property in the outskirts of a city will make a good capital investments, as they have greater potential to appreciate in value than properties located in the saturated markets within the city. People avoided city outskirts because of lack of facilities. This is fast changing as suburbs offer better infrastructure and transport system.

Wait and watch

Generally, under-construction properties cost much less than ready-to-move-in apartments. If you are not in an urgent need to move into a new home, going for an under-construction property may save you a lot of money. Make sure you choose a reputed property developers before investing in an under-construction property. 

Scope for more

Houses that are not in a good shape are generally available at low costs. Apart from this, such properties also give you a scope to renovate them the way you would want them. But, do calculate that the overall cost does not go up.

Last Updated: Fri May 27 2016

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