Blog





A GUIDE TO BUYING YOUR FIRST HOME IN TODAY’S MARKET

Buying new homes in modern days is a tough decision. With the rising inflation rates and poverty, you likely face difficulties in researching the home that is best suited for you: financially and geographically. 

At the time of aiming for your own house, you might be nervous, anxious, and happy all at once. Everyone wants to have their own home should be more attractive than others. Because  “home is where the heart is”.

You might consider interior and exterior decoration, but on the other hand, you may be anxious about the rent of the house, school fees, transportation, utility bills, groceries, etc. to pay. With all this consideration, you can expect a reputable real estate agent with whom you can share your demands, home, budget, and site view this helps you make a better decision. You should also be mindful of any safety and protection measures that may lead to critical situations. So it is therefore better to think first and then to carry out.

MODIFICATIONS REQUIRED BEFORE BUYING YOUR OWN HOME:

1: Consider your initial requirements:

Before buying your own home do examine which type of home you are planning to buy. You should first be clear from your initial thoughts and then think about the further steps.

2: Decide your location:

You must decide the location; which location is feasible for you. Make sure of basic amenities and especially your workplace, schools, or pharmacies nearby you. Mainly, the security of that location should be concerned.

3: Check your house finance:

You should be ready to have much finance for the house because at the time of buying your own house you may have much amount to pay as a down payment and leftover be placed as installments or how you will make your yearly budgets. 

4: Go through today’s market:

Before purchasing your house, you may go through the current market value by sitting at home or by visiting a real estate agent. This market value helps in letting you know the different budgets of the property at the current time.

5: Keep your budget in mind:

Before finding a real estate, agent be aware of the budget you are carrying for purchasing your own house.

6: Find a real estate agent:

  After clearing your basic points and task in your mind, now is the time when you will have to find a real estate agent that should be trustworthy. That agent will help to guide you according to your requirements.

7: Examine the property:

 Prior, to making any payments for your house first go through all the basic requirements whether it is according to your needs or not and check the house properly. Do check that is that house new or pre-owned. In short, do take over all the signs either minor or major before signing any paper.

8: Do not hurry in your decision:

Take all the important information before deciding. Do not get in a hurry with your decision. Make your decision wisely.

FREQUENTLY ASKED QUESTIONS(FAQS):

1: The selling cost of the house?

2: How much to pay as a down payment?

3: Is there any minor or major problems in the house?

4: Is this home all ok with the basic amenities?

5: Most importantly the initial paperwork is legal or illegal?

1: The selling cost of the house?

The cost on which the seller sells the home by considering the value according to the current market values.

2 : How much to pay as a down payment?

The initial payment provides your contractor with the peace of mind that you’ll endorse your end of the bargain- without compelling you to put up all your money right away. Normal it is between 10-25% of the cost.

3: Is there any minor or major problems in the house?

Problems that should be considered at the time of paying for the house like construction problems, water lines, electricity, past utilities, fittings of the house, etc.

4: Is this home all OK with the basic amenities?

Basic amenities should be focused on by the buyer by looking forward to the workplace, schools, shopping malls, and pharmacies should be near.

5: Most importantly the initial paperwork is legal or illegal?

The authorized documents are clear or any issues with the paperwork should be checked properly by the buyer that all that paperwork is legal or illegal or any issues.

“This blog is aimed at those people eager to buy their own home. In the present market, as the expansion pace of the current world is out of our pockets, this is an essential guide to follow before making an immense venture”





Get in Touch With Us!

Fill out the form below & we will get back to you as soon as possible.







our contact details

How Can We Help You?

Give us a call or drop by anytime, we endeavour to answer all enquiries within 24 hours on business days. We will be happy to answer your questions.


Head Office

Plot # FL-27, Al-Basit Tower, Gulshan-e-Jamal, Faisal Cantt, Opposite Askari – IV, Karachi, Sindh, Pakistan.

Toll Free

0800 43700

Whatsapp

+92(0)302 8255578

Copyrights © 2022 GFS Builders & Developers All Right Resereved | Privacy & Policy | Developed By Four Bits LLC