Researching the market and finding a budget-friendly property can be very time-consuming.
Therefore, it’s better to hire a real estate agent or company to find a suitable house in your budget. While hiring any one of them, you must check their reviews and beware of fraud agents.
2) Find a resale house/plot
The cost of second-hand properties is proportional to their construction quality, age, and many other factors. But one thing is sure that you will be able to save enough money on buying them.
When purchasing a resale house, you must negotiate the price and try getting a discount on it.
A buyer’s market is the one where the inventory of real estate properties is higher than the demand. In such a market, it is easier to negotiate the price. Moreover, in order to sell their property, even sellers are ready to offer a competitive property at an affordable price.
Bargaining with the seller or builder can be difficult when you have no prior experience in this field. But there is nothing wrong with trying it as there are huge chances of getting a discount.
Before starting the conversation, you should figure out the property’s worth on the basis of its construction quality, cost of land, and many other features. Also, inspect the property well, and find out its drawbacks on the basis of which you can demand a discount.
Properties in developing township projects are affordable than those located in central areas of a city.
By buying a property in suburban areas, you can save 20 to 60 percent of the purchase price. And, such houses gain better price appreciation with time. Plus, living in such a locality, you get to enjoy a fresh and clean environment.
