Planning to buy a new home?

Follow these tips

Come Dasara festival, many find the time opportune to buy a new home. At the same time, realtors try to attract customers with lucrative offers.

If you are also looking to buy a new home, then the following tips are worth considering:

Reduced property prices: As part of the festival offers, realtors often slash prices on properties, making good investment offers to prospective buyers. When the property prices have been slashed, the buyers can save money. As a result, they can acquire their dream house at a highly attractive price.

Reduction in stamp duty: During the festival season, the realtors either exempt stamp duty and registration charges or greatly reduce them for the benefit of attracting new business. Such offers help buyers save substantial amounts.

Attractive rates of interest on home loans: Banks and other financial institutions find the festival season an opportune time to reduce interest on home loans, making home loan products more attractive. Such plans help prospective home buyers save a good amount through EMIs.

Gold coins: To induce buyers, builders offer to give gold coins and other valuable gifts to buyers. Who knows, a small benefit might fetch a big fortune later for the buyers.
Technical offers: Moving to a new home always injects new energy among the homebuyer’s family members. Electronic gadgets play an important role in new homes. Some of the developers, to attract prospective buyers, offer to give TV units, AC units, smart kitchen gadgets, AI-integrated refrigerators, automatic washing machines, fire alarms, and video doorbells for free.

Concessions: In an ever-busy metropolitan city, floor-raising and parking charges would become burdensome for customers. Therefore, the builders extend concessions during the festival period to customers, like giving parking free of charge and giving the benefit of zero floor-rise charges in high-rise apartments. It will help customers save huge amounts.
Free furniture: To save money for the customers, sometimes the builders come up with new ideas, like offering them furniture free of charge. They have a tendency to make offers to give furniture—right from sofa sets used in drawing rooms to bedroom sets, wardrobes, and dining tables—free of charge to the customers.

Free modular kitchen: Gifting a free modular kitchen to customers by the developer is very precious. Builders sometimes give modular kitchens to customers free of charge. So that the customers would be able to save a sizable amount.

Flexible loan repayment plans: Flexible repayment plans provide a great deal of economic freedom to buyers. Such plans are highly useful to prospective buyers.

Things to remember: Experts advise prospective buyers not to ignore the quality of the construction, credibility of the builder, and other significant issues, focusing only on freebies like furniture, concessions, and gifts offered by the developer. First, prospective buyers should check the builder’s track record, and then only they should consider other things.