Factors to consider before buying a home

Buying a house is undoubtedly a momentous decision in our lives and provides us with a lifetime of happiness. The entire process of home-buying can be quite a daunting task, and if you are not attentive, you could go overboard with your budget or even land up in a place that is not commensurate with your lifestyle! So exercising a note of caution before signing on the dotted line becomes vital. 

Below are a few guidelines which potential buyers need to consider before taking the plunge. 

Home Loan EMI

The home loan EMI should not stretch your finances. Many home buyers make a mistake with this and bite off more than what they can chew. Work out the EMI diligently – it should not be very ambitious, which will result in putting a lot of pressure on your finances. Experts in the domain reckon that ideally, it should be 40% of your household income, provided you have not availed any other loans. 

Miscellaneous Costs

A home too has ancillary costs that need to be paid for – make sure you check with your builder about these, to avoid any last-minute hassles. Factors like car parking charges, gym enrollment & club membership need to be cleared before zeroing in on the property. Other add-on costs include legal charges like stamp duty and registration charges. Make sure you are aware and in control of what you are paying for right from the start.


As always, the location of the property is critical – in fact, the quality of the neighbourhood works out to be one of the top-most factors when it comes to buying a home. Safety, proximity to offices, educational institutions, healthcare facilities, shopping malls, recreational facilities and seamless connectivity are high on the list of potential buyers.

Property Appreciation

Purchasing a home in a top-notch location is sure to witness a growth surge vis-à-vis its infrastructure, connectivity and facilities. In other words, the value of the property will also increase manifold in due course of time, and guarantee you a fruitful return on investment in the future.

Rental Possibilities

In case the situation arises, the amount of rent the house can yield should be in every home buyer’s mind. Most real estate investors look for two streams of income: capital gains from its appreciation and the rental income. This income from rent provides many buyers with a steady source of income.

Contingency Fund

Since real estate is not a liquid investment, an unforeseen financial emergency can put you in a terrible spot, with your home loan adding to your woes. It becomes imperative for you to generate a contingency fund to sail through unexpected difficult times without affecting your home loan EMIs and the happiness quotient in your life.

Credible Developers 

It is essential to trust an established developer with proven credentials in your quest to buy a home. Dealing with a reputable real estate company implies what you get at the end of the day is a quality home and utmost value for money. Arrjavv, having been a prominent player in the industry for years now, has garnered the trust of customers with an unmatched ability to select locations and develop them in a way that optimizes their geographical attributes. Their exquisite selection of residential projects, completed or upcoming, is all developed in prime locations and cater to every need and budget. With values rooted in sincerity and honesty, the Group aspires to guide homebuyers through the entire process to make it seamless and hassle-free.

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