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Q.

What are some of the unexpected costs or challenges one encounters when buying their first home?

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1 2023-12-26T16:20:55+00:00

Hi,

Challenges for first time home buyers in India include; 

  • Increasing property prices

  • Stringent loan eligibility criteria, and fluctuating interest rates

  • Complex paperwork and legalities add to the hurdles, while hidden costs like registration fees strain budgets. 

  • Market volatility and a lack of information about real estate processes and options further complicate decision-making. 

  • Additionally, finding a quality property that aligns with both budget and lifestyle can be time-consuming due to varying property standards. 

Overcoming these challenges requires thorough research, financial planning, and seeking professional advice for a successful homebuying journey.

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Hope this helps!

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