When you finally decide to buy your first house, there can be no feeling like it. As happy as you are, you are also petrified about the situation. It is indeed a massive undertaking, and doing things in the right way will ensure that you find your house without too many glitches along the way. Listed below are some of the essential things that you should do before you buy your first house.

Helpful Tips for First Time Home Buyers

1. Check Your Credit-worthiness

One of the first things to do, and well beforehand, is to check your credit scores. This will give you an idea right off the bat about how much you will get in terms of lending from financial institutions. If the rating is not in good shape, use the time to improve on it so that you can maximise the loan that you receive. 

2. Fix a Budget

The next thing to do after you are in the know of your credits scores is to determine the amount that you are willing to spend on the house. Take into consideration your monthly income compared to your expenses. This will give you a clear idea about how much you can actually spend to repay the loans that you receive. 

3. Look for Lenders

Once you are done with the above two steps, the next would be to go out into the market looking for institutions that will lend you the required amount. Talk to as many lenders as you can to make sure that you get the most in the way of a loan so that you do not have to make a substantial payment from your pocket. 

4. Get a Real Estate Agent

Now that you have taken care of all the important basic factors, comes the task of getting in touch with a competent real estate agent in Joka, Kolkata. Such agents have years of experience in their field so they are the ideal person to help you find the house of your dreams. Not only can they help you secure the best deal, they also know the ins and outs of the area they operate in so you can get the best house possible within your budget. 

5. Provide for Contingencies

Once you have zeroed in on a house and got the agreements on paper, make sure that there is also room for contingencies provided in there. If anything goes wrong as far as the loan agreement going awry or some other revelation about the house comes up, you should be able to walk away from the deal, ideally with the refund of your token deposit. 

These are the steps that you have to ensure that you take so that you can find the best house that you can get. 

It can be quite a conundrum when you have to choose between an apartment and an independent villa. Both have their own merits and demerits. You need to consider which one is the better investment in the long run. After all, investing in a house, whether to live in it or not, is one of the biggest expenditures you are going to have in your life. This is why you need to make the right decision about whether to go for an apartment flat or look for 3 BHK villas for sale in Joka, Kolkata.

How to Decide Between a Villa and an Apartment

Budget

The first and most important thing to take into consideration is how much you are willing to spend. It is common knowledge that villas cost more than even the most luxurious flats. In addition to that, the cost of maintenance of a villa is also considerable compared to a flat in an apartment. However, the return on the investment in a villa will fetch a high return in the future when you might decide to sell it off. Also, the perks of living in a villa that you own are numerous. There is an immediate rise in your social standing when you own an independent house.

Location

This is another important thing to consider. The location of the house, whether a villa or flat, directly affects its price when you buy it for yourself, as well as when you sell it. If you are going to live there, you should have all the amenities within acceptable distance so that you do not have to travel far for basic necessities like schools, and medical centres. The presence of such amenities will also have a direct effect when you put up your flat or 3 BHK independent house for sale in Joka.

Modifications

With a villa, you get more space to design the inside and outside of the house in any way that you want. Having a flat, however, because of the restrictions of space, does not allow too much room for customisations. Also, you will not be able to expand an apartment flat, but that is a distinct possibility with an independent house.

As you can see, while both an apartment and a villa are good options, the latter does trump a flat on quite a few counts.

Buying a home is the dream of every Indian having more disposable income to invest in a home. The demand for a new home in big cities like Kolkata is surging. The demand for apartments is even more than that of freehold houses considering the budget and amenities. But before making a buying decision, the buyers should follow some basic tips and here they are. 

1. Access the requirements beforehand 

It is not just having a shelter, an apartment is more of a milestone of achievement in life. It is one of the most important decisions that solely depend on your need and budget. The key purpose for having a flat in Kolkata is to crack a lucrative deal. If you want to buy the property for end-use, you should be more careful about choosing a good community, a location with good communication facilities and amenities. But if it is surely for investment purpose, value of the location is utterly important to ensure better re-sell deal in future.

2. Look for an affordable property 

As it comes to the budget, you should consider factors like property type, location and facilities. Home loan is the best option while buying a property. But you should be careful about your affordability. Taking out a home loan that requires you to pay an EMI beyond your capacity is not going to help. The scalability feature should also be considered. With the increase in the number of family members in your family in future, you will need more space to accommodate them with comfort. Be it flats or 4 bhk houses in Joka, Kolkata, this must be taken care of.

3. Documents should be well checked 

From approved plan to sale deed of the property, each and every document should be check to avoid any sort of fraudulence. Completion and Occupancy Certificates should also be in place. Sale Deed is the proof of ownership transfer while Completion Certificate is the authentic confirmation from respective Corporation/Municipal authorities that the building is in complete compliance with all specified rules and regulations.

4. Understand the factors behind delayed possession, if any

Delaying in handing over the possession is commonplace, nowadays. Cushioning of up to 120 days from the pre-decided timeline is acceptable. Any delay beyond that may require you to face legal complications. If you don’t want to go for such complications, make sure you check the reputation of the builder well in advance. If the builder has a good reputation and a history of handing over properties to other buyers in the city in time, you can expect them to do the same with you as well.

5. Know the meaning of common area

This is a tricky term. Whether you buy 4 bhk houses in Joka, Kolkata or an apartment in South Kolkata, this remains the same. Some builders include the common area to carpet area for pricing while others believe in differential pricing. So it would be better to make the things clear beforehand. You may engage a professional to check these things. If you need to pay additionally for the common area, it must be mentioned in the purchase papers.

These are a few things you should follow judiciously to ensure a happy buying. You can also read why you should buy 4 BHK houses in Joka.

If you are still not sure whether this is the right time or not to invest in a 3BHK villa in Joka, it’s time you start assessing the market condition. Purchasing a new property is never an easy task and you need to consider various points as buying a home is a big investment. If you have finalised your decision to buy a new house but confused about which type of property or area to invest in, first know the pros and cons of each (especially if you are a first-time home buyer).

One of the areas which have gained much popularity in the last few years is Joka in Kolkata. There are numerous properties for you to choose from, with 3BHK villas topping the list. Just do a bit of research and enhance your knowledge of the property market. Taking a more informed decision will let you invest with complete peace of mind.

4 Basic Benefits Of Buying 3 BHK Villas In Joka, Kolkata

• Less Stress
  
  One of the basic advantages of investing in 3 bedroom villas in Joka is that you can live a more stress-free life as you don’t have to worry about a surprise visit from your friends or family. If you are a nuclear family, a 3 BHK villa can easily fit you, your kids and your guests irrespective of the size of the property.
• Future
  
  Just don’t buy a small house because you have got married a few days backs and both of you are working professionals. Think about the future as buying a home is a long-term investment. If you don’t want to end up craving for more space in the future, start looking for the best 3 BHK villas in Joka, Kolkata now. Though the 1 BHK and 2 BHK villas are more affordable, you might have a problem once your family starts growing.
• Spacious
  
  Though the size of every 3HK villa differs, their standard size is always more when compared with other properties. Even if you are a nuclear family, you can transform the extra space into a spare bedroom. You can enjoy a spacious living when you have a guest bedroom.  You don’t have to worry if you are planning to host a get-together party with your relatives or if your parents have suddenly decided to pay you a visit. You can even transform the spare room into a drawing room or home office.
• Paper Works
  
  Everyone willing to buy 3 BHK villas in Joka, Kolkata should first know the paper works involved. Though the time taken to complete the documentation process is for 1 BHK, 2 BHK or 3 BHK villas is more or less the same, you will have to waste your time if you buy a 1 BHK villa first and then plan for an up-gradation. You have to again complete the documentation process and registration while buying the 3BHK villa and this will be a complete waste of time.

Since you are now aware of all the advantages of investing in a 3BHK villa, it’s time you start looking for one in Joka.

Every property expert in Kolkata will agree to the fact that Joka is one of the fastest growing locations in the field of real estate. Numerous residential complexes are expected to come up in that area within the next few years. If you are a resident of Kolkata planning to buy a 2 BHK apartment in South-West Kolkata or one of those newly-married couples, NRIs or retirees, Joka is the ideal location to plan your next real estate project.

Why Is Joka Gradually Gaining Popularity?

Since buying an apartment is a big investment, a bit of research about the various property landscapes in Kolkata is highly advisable. Joka is treated as one of the few locations where you can book a residential property at the most reasonable price. Development of a few large-scale infrastructure projects will bring it at par with some of the top locations as far as the property market is concerned.
No wonder, property experts feel that this is the ideal time to invest in a property if you don’t want to end-up paying a higher price for the same property later. If you want to invest in a property which you can later offer on rent and enjoy high rental yield, just book a 2 BHK apartment and stay assured of enjoying good rental returns.

Transportation and Road

The place is well-connected with almost every major location of Kolkata and this is what makes it one of the best locations for residential and commercial construction projects. Joka is located between Pailan and Taratala and can be accessed by any bus plying on the Diamond Harbour road. It covers almost all the public transportation networks with OLA cabs, autos, yellow taxis and buses being very frequent. The Mahanayak Uttam Kumar metro station is just 9.2 km away. According to a recent survey, the connectivity of this place with the rest of Kolkata will improve when the proposed infrastructure plans start materializing.
 

There is a planning to widen the Diamond Harbour Road, expand the metro route from IIM Joka to BBD Bag and start a new bus route from Baruipur to Pailan. Joka is one of the few strategically located areas in Kolkata as the Diamond Harbour main road connects it with the Sealdah and Howrah railway network conveniently.

Healthcare Facilities And Educational Institutions

Just book 2 bhk apartments in Joka, Kolkata and enjoy easy access to numerous super-speciality hospitals within 2 km. Few of the hospitals are Bharat Sevashram Hospital, BMRI Hospital and the Thakurpukur Cancer Hospital & Research Centre. There are also a few renowned educational institutions like DPS (Joka), K. E. Carmel School, National Gems Higher Secondary School, M. P. Birla Foundation, Kendriya Vidyalaya Pailan, Vivekananda Mission School, Pailan World School, and many more with the latest urban amenities.

Top Reasons To Invest In 2 BHK Apartments In Joka

• A comparatively pollution-free location amidst greenery.
• Numerous residential complexes are being planned.
• A buzzing hotspot of Kolkata.
• Connected with major industrial facilities and malls.
• Issues like drainage problems and waterlogging are almost absent.