Women no longer expect the men in their lives to provide them with a place to live. Most of the time, women can make the biggest purchase of their lives on their own now that they have financial freedom. Easy access to housing loans and a lot of information make it much easier for them to take the plunge early in their careers.

Since this would be a big purchase for anyone, there shouldn't be any room for mistakes. In this context, we talk about the many things, you as a single woman home buyer should pay attention to when making a decision to buy your own home.

Determining Your Budget

To determine how much you would be able to spend on the new home purchase, determine how much money you have saved up in addition to how much you qualify for in a home loan. This number is the pivot point around which everything else must revolve. You should under no circumstances attempt to spend more money than you can afford. A purchase of a property would involve a wide variety of additional costs, all of which is important to consider.

For example, your budget is around 90 Lacs and you like a property which is around 2 Cr. This is a mismatch and should be avoided. This big difference is very hard to bridge, which is why you need to know exactly how much you can spend on a home.

Doing Proper Research

Evaluating the apartments that are out there in the property market could be really taxing for you. Even if you apply all of the filters, including your budget range, favourite areas, and property configuration, the sheer quantity of listings that surface on property portals could be too much. This is where Dwello comes into the picture, our expert real estate consultants will make the home-buying process easier than you can ever imagine!

Understanding The Locality

It is always favourable to choose a residence close to your workplace. This not only decreases travel time but also increases safety for those who have night duties. If your parents reside in the same city, select a flat that is a convenient distance from theirs so that you may have your own space without having to travel too far.

If your employment location is likely to move, choose a community with a forward-thinking outlook. Does the neighbourhood provide easy access to the city's most significant business areas? Can these locations be reached within a realistic time frame? If the answers to these questions are affirmative, you have chosen the correct region. If you are purchasing a home to rent out, pick a location adjacent to a commercial district to increase the number of potential tenants.

Doing Site Visits

Once you have determined which properties appear to be the most desirable, it is time to plan site visits. Now, here are your options:

Invite a friend or family member to accompany you on these site visits. In addition to safety, a second set of eyes would be of tremendous assistance in evaluating the property's advantages and disadvantages.

Inspect every part of the property and the surrounding area, and if everything is not satisfactory, there is no need to proceed. Drive about the neighbourhood and speak with current residents to determine if everything you need for daily life is conveniently accessible. Be sure the neighbourhood is safe even at night. Even if you own a private vehicle, ensure that sufficient safe transportation is accessible throughout the day.

The majority of builders charge more per square foot than advised by regulatory organisations. Do not hesitate to request that they reduce the price to a more fair level. Insist on a breakdown of the final cost's various charges when talking to the representative.

Purchasing Your New Home

Ensure you have all legal documents. In the event of a home loan, the original paperwork would be retained by the bank, while you would receive copies. Always maintain these documents. For the place you are looking to move, ensure that the project or building is 50-75 per cent filled. This enhances the feeling of safety and gives you confidence that you will have adequate company when you need it.

To take care of other things during your home purchase, Dwello will always be there to make sure you rest assured.

In Short, Getting To Know These Important Things While Buying A Home Is A Must

• Your overall budget and if you will need a home loan
• How safe is the locality you are planning to buy a home at
• The connectivity to your workplace and other important zones
• Awareness of all costs associated with the purchase such as stamp duty, registration fees etc
• The benefits you have as a woman homebuyer such as PMAY scheme advantages, low-interest rates on home loans and so on

Dear Women, now that you know all the important things you need to know when buying your own home, to make the process even simpler, join hands with Dwello today!