Tuesday 17 October 2017

How to Buy Your Dream Home/Flat?






“There is something permanent, and something extremely profound, in owning a home.” — Kenny Guinn


Everyone wants to own their dream flat or independent house. They must be clear in their mind how to proceed to accomplish their dream. Here is a series of steps to consider while buying your dream flat or home. 
·         Find out your budget, consider your age, employment and risk appetite.  
·         Identify the location that is promising and likely to appreciate outsmarting inflation.
·         Search for flats in that area within your budget.
·         Ensure that the flat is Vaastu compliant, if you believe in Vaastu.
·         Find out the prevailing prices in that area. Identify the hidden costs involved.
·         Ensure that the title of the property is clear.
·         Be clear about the terms and conditions including who pays commission to the broker or agent.
·         Find out the resale value.
·         Negotiate with the seller. Be flexible in your negotiations. If you like the flat, don’t hesitate to pay a little more. Check whether you can get loan for it.
·         Verify legal aspects. 
·         Register your property and get it furnished to suit your requirements and taste.
·         Come out of your comfort zone to move to your dream flat.


Make Your Decision Wisely

“You can’t have everything you want, but you can have the things that really matter to you.” — Marissa Mayer

Find out advertisements on properties and prepare a list of prospective sellers in your preferred location. Visit and verify them physically. Don’t get influenced by agents and brokers. Check everything from all quarters before making your decision. Be careful with fly by night operators in real estate business.  

Don’t lose your heart if you encounter frequent failures to own your dream flat. At times, things come very close to the deal but fail. It seems something better is awaiting you. Remember, everything happens for a reason. Dalai Lama rightly remarked, “Remember that not getting what you want is sometimes a wonderful stroke of luck.”

Make your decision based on your head, not heart because buying your flat involves logic and reasoning, not emotions. However, you must consider your emotions when you leave a house in which you stayed for many years.


Conclusion

“The ache for home lives in all of us, the safe place where we can go as we are and not be questioned.” — Maya Angelou

Buying a dream home/flat can be tiring especially if you are a first-time buyer. Don’t lose your hope and don’t get influenced by brokers and agents. Buy it where you find positive vibrations. If you find any negative signals, avoid purchasing it.  To summarize, buying your dream flat or home is easier said than done. You must make decisions based on the prevailing scenario. Don’t regret if there are any gaps between your expectations and realities because what was right yesterday is not right today and what is right today may not be right tomorrow.

Good luck!


“Twenty years from now, you will be more disappointed by the things you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.” — Mark Twain









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Life is great!

Professor M.S.Rao
Founder of MSR Leadership Consultants India
Global Top Gurus 30: http://globalgurus.org/upcoming-leadership-gurus/




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