[vc_row][vc_column width=”2/3″][vc_column_text]Buying a property in Hyderabad which can be called yours is the biggest desire of any individual whether they are young or old, male or female, rich or poor. It is a dream that everyone strives to fulfill at some point in their lives. Simply putting it, all of us want to own a place where we can live peacefully without the hassle of the landlord asking you to pay the rent, a place which you can customize as per your wish, a place where you won’t have any restrictions when to come and when to go, and a place where you can come back peacefully after the hectic daily routine to be calm and chill. Owning a property has all the benefits you will not get from a rented one. It is not as overwhelming as one thinks.
However, buying a property in Hyderabad of your own is not a simple task. It requires numerous calculations and decisions to be made at the right time. You will have to think of multiple factors before you buy a property. Buying a property in Hyderabad is not a single process as many think, it is actually a chain of processes. You will have to consider multiple things before you buy a property of your own. You are making a big decision by buying a property. It is a huge leap of faith that you are taking. However, the leap can be fatal if you are not aware of the problems that might arise due to a wrong decision. That one wrong decision could make you repay your loans for the rest of your lives. So let us focus on some of the things that you will have to follow before you buy a property.[/vc_column_text][vc_column_text]
[/vc_column_text][vc_column_text]Here are a few things that need to be considered before buying a property in Hyderabad:
Stamp Duty: Stamp duty is a tax that is charged by the state governments for every property deal that is done. The rate of stamp duty will differ depending upon the states. And it will fall 3% to 10% depending upon the rate slab set by the state government.
Budget: Always check what your budget is before you buy your property. This is because, at times, you might end up buying a property that is beyond your financial capability and this will ruin your entire financial stability. So, you should always check your budget before you buy your dream property, as it is the biggest decision you will make and this could affect you and your entire family.
Location: Another, and the most important thing you will have to consider is the location. This is because you will need access to all the emergency services in the proximity of your property in emergency situations. If you have no access to the same in the time of your need, your property would not be best suited for you. So, always make sure that you have better access to all the necessary services like hospitals, schools, markets and other infrastructures that you need.
Maintenance Deposit: This is the deposit you might have to pay as an advance sometimes. Your builder could ask you to pay the maintenance deposit as advance sometimes for a specific timeline. The timeline could be one year, maybe a couple more and at times for even 10 years. Also, the maintenance fee you pay will depend upon the location of your dream property.
Resale Value: Resale value is the one thing you will have to consider if you are not planning to stay in your property for a long time or you have better plans for the future. Buying a property in a location with less resale value could incur a huge loss for you financially. So, always be careful and think about the resale value if you are not planning to stick to the property for a long time.
Registration Cost: This is the amount that will be fixed by the government of your state which you will have to pay at the time of your property registration. In most cases the builder will include the registration charge with the total amount you will have to pay while buying the property. Also, senior citizens will have a lesser registration fee that they will have to pay.
Property Insurance: This is a major safety precaution that is often forgotten by many. Property insurance is the silver lining that would protect you against most of the risk factors that would affect your property like natural calamities and thefts. Etc.
Additional Costs: The additional costs depend upon you. They include security systems like a video surveillance system, sometimes an extra iron door for extra protection and other expenses like that.
Miscellaneous Charges: These are the most unanticipated charges you will have to pay when you are buying a property in Hyderabad. It could include your broker charges if you sought the help of a broker to help find your dream place. Also, the amount you will have to pay the packers and movers, for the gas connection and so on will come under the miscellaneous charges.[/vc_column_text][vc_column_text]
[/vc_column_text][vc_column_text]Interior Cost: This will be the amount you will have to spend to design the interiors of your property according to your preference and need. It is an expenditure you might not have planned in the beginning. However, the fact is that you will have to pay quite a reasonable amount of money to design your interiors the way you like. The amount you will have to pay for this will depend on the nature of the interior design that you choose. It can vary according to your wish. The fact is that you will have to spend at least 1 percent of the total amount you had to pay for the property.
Furniture and Appliances Cost: This is an expense that you will have to face as you will need basic furniture for your house like sofas, beds, dining tables, and appliances like televisions, refrigerators, air conditioners and other peripherals.
Parking Space Cost: This is an essential component for your property. You cannot buy a place to pay a fortune and then park your car by the roadside. In many situations, you will have to pay a reasonable amount for your parking space.
Conclusion
When we are ready to get our dreams come true, like getting own property or a home. The main question that runs in our minds is: Where to buy? or Which platform or a project to Choose? This is the most common question that is heard from everyone who wants to get their own place. Choosing what you and your family needs will realize that we entered a new puzzle. NO WORRIES!! Muppa makes all your dreams come true and is responsible for your safety and happiness.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_column_text el_class=”post-contact-form”][fc id=’2′ align=’center’][/fc][/vc_column_text][/vc_column][/vc_row]