

Stay Up-to-Date with Our
Blogs & Articles
Pointers For First-Time Home Buyers

Buying a home for the first time is as confusing as it is exciting. While it marks an important milestone in a person life, a wrong decision in this regard could be really costly.
In order to make the decision of owning your first house a beautiful memory, here are a few pointers you could consider to get it right.
- Note down how you want your house to be: This is the starting point. It is important that you know what you want even before you start house hunting. In order to do so, it is very necessary that you note down all the basic requirements and functionalities you would want in your new house. This note would help you analyze and choose the right option when house hunting.
- Don be unrealistic: The first house definitely means a dream come true, but it is very important that one remains realistic at the same time. Nothing is perfect and you must know when to draw the line. Having unrealistic expectations could prove to be a hindrance in your house hunting.
- Draft your budget and plan accordingly: This is one of the most important things and should be done precisely. You need to know your budget, list down your assets and liabilities, understand if you would need a home loan, arrange for the down payment amount, and based on your current financials, work on the EMI Equated Monthly Installment calculations. Going over-budget should be a ig No as buying the house is not the only goal, it is just the first step. Maintenance, lifestyle, and other daily expenses that follow should also be accounted for. Sticking to the budget is key, don get overwhelmed and go over-budget, or you will be inviting problems in the future.
- Ensure the availability of basic amenities: It is important that you make sure that amenities such as hospitals, markets, and schools are nearby and that the locality and the housing society is good enough for living long-term. Even water availability especially during summers, regularity of power supply, society maintenance, and other amenities should be scrutinized beforehand to avoid any shockers later.
- Check if the property is as per government standards: Often, builders show a different plan on paper, while the actual property appears different upon completion. Thus, it is very important to ensure that the property you are going to buy is as per the plans approved by the municipal corporation and is according to government-issued standards.
- Enquire about the tentative possession dates: If you are booking a property in an under-construction building/colony, it is important that you know of the tentative period you will be given possession. The date of possession plays an important role in the stamp duty, registration, and home loan proceedings.
- Read the documents carefully: Before you sign any paper, be it related to the property ownership or a loan application, it is very important that you know its content. Therefore, it is very important that you go through each and every line mentioned in the papers and get a clarity of the whole process before signing them or agreeing upon. This could save you from a lot of possible unforeseen issues.
- Think long-term when making decisions: Buying a home is a long-term investment and is definitely not a regular affair. Hence, it is very important that you make decisions keeping the long-term consequences in mind.
Tags
Latest Blogs
Home Loans

How to Claim Tax Benefits on a Second Home Loan
Read More
IIFL Home Loans | Aug 04 6:38 AM
Home Loans

How to Claim Tax Benefits on a Second Home Loan
Read More
IIFL Home Loans | Aug 04 6:38 AM
Home Loans

How to Claim Tax Benefits on a Second Home Loan
Read More
IIFL Home Loans | Aug 04 6:38 AM
Home Loans

How to Claim Tax Benefits on a Second Home Loan
Read More
IIFL Home Loans | Aug 04 6:38 AM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Guidelines for Affordable Home Loan Balance Transfer
Read More
IIFL Home Loans | Jul 12 6:18 PM
Home Loans

Guidelines for Affordable Home Loan Balance Transfer
Read More
IIFL Home Loans | Jul 12 6:18 PM
Home Loans

Guidelines for Affordable Home Loan Balance Transfer
Read More
IIFL Home Loans | Jul 12 6:18 PM
Home Loans

Guidelines for Affordable Home Loan Balance Transfer
Read More
IIFL Home Loans | Jul 12 6:18 PM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

How to Avail Loan against Property for Business
Read More
IIFL Home Loans | Jul 06 7:14 AM
Home Loans

How to Avail Loan against Property for Business
Read More
IIFL Home Loans | Jul 06 7:14 AM
Home Loans

How to Avail Loan against Property for Business
Read More
IIFL Home Loans | Jul 06 7:14 AM
Home Loans

How to Avail Loan against Property for Business
Read More
IIFL Home Loans | Jul 06 7:14 AM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

What Is a Pre-approved Home Loan and Its Benefits
Read More
IIFL Home Loans | May 15 5:28 AM
Home Loans

What Is a Pre-approved Home Loan and Its Benefits
Read More
IIFL Home Loans | May 15 5:28 AM
Home Loans

What Is a Pre-approved Home Loan and Its Benefits
Read More
IIFL Home Loans | May 15 5:28 AM
Home Loans

What Is a Pre-approved Home Loan and Its Benefits
Read More
IIFL Home Loans | May 15 5:28 AM
Home Loans

What Is a Pre-approved Home Loan and Its Benefits
Read More
IIFL Home Loans | May 15 5:28 AM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Key Factors Affecting Your Home Loan Amount Eligibility
Read More
IIFL Home Loans | May 12 11:58 AM
Home Loans

Key Factors Affecting Your Home Loan Amount Eligibility
Read More
IIFL Home Loans | May 12 11:58 AM
Home Loans

Key Factors Affecting Your Home Loan Amount Eligibility
Read More
IIFL Home Loans | May 12 11:58 AM
Home Loans

Key Factors Affecting Your Home Loan Amount Eligibility
Read More
IIFL Home Loans | May 12 11:58 AM
Home Loans

Key Factors Affecting Your Home Loan Amount Eligibility
Read More
IIFL Home Loans | May 12 11:58 AM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Affordable Home Loans In India And IIFL Home Loans
Read More
IIFL Home Loans | Nov 23 4:12 AM
Home Loans

Affordable Home Loans In India And IIFL Home Loans
Read More
IIFL Home Loans | Nov 23 4:12 AM
Home Loans

Affordable Home Loans In India And IIFL Home Loans
Read More
IIFL Home Loans | Nov 23 4:12 AM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

NCD Vs FD: What Is The Difference Between The Two?
Read More
IIFL Home Loans | Nov 23 4:12 AM
Home Loans

NCD Vs FD: What Is The Difference Between The Two?
Read More
IIFL Home Loans | Nov 23 4:12 AM
Home Loans

NCD Vs FD: What Is The Difference Between The Two?
Read More
IIFL Home Loans | Nov 23 4:12 AM
Home Loans

Home Loans

Home Loans

7 Expert Tips For First-Time Home Loan borrowers
Read More
IIFL Home Loans | Nov 02 9:30 AM
Home Loans

Home Loans

Home Loan Balance Transfer - Step By Step Guide
Read More
IIFL Home Loans | Nov 02 9:30 AM
Home Loans

Home Loans

Home Loans

Steps To Close A Home Loan Without Complications
Read More
IIFL Home Loans | Aug 24 9:48 AM
Home Loans

Frequently Asked Questions: Post RBIs Moratorium On Loan
Read More
IIFL Home Loans | Sep 05 12:15 PM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Best Tips To Get Lowest Home Loan Interest Rates
Read More
IIFL Home Loans | Oct 03 12:15 PM
Home Loans

Best Tips To Get Lowest Home Loan Interest Rates
Read More
IIFL Home Loans | Oct 03 12:15 PM
Home Loans

Best Tips To Get Lowest Home Loan Interest Rates
Read More
IIFL Home Loans | Oct 03 12:15 PM
Home Loans

Best Tips To Get Lowest Home Loan Interest Rates
Read More
IIFL Home Loans | Oct 03 12:15 PM
Home Loans

Best Tips To Get Lowest Home Loan Interest Rates
Read More
IIFL Home Loans | Oct 03 12:15 PM
Home Loans

Best Tips To Get Lowest Home Loan Interest Rates
Read More
IIFL Home Loans | Oct 03 12:15 PM
Home Loans

Success Tips For Young First-Time Home Buyers
Read More
IIFL Home Loans | Oct 03 11:45 AM
Home Loans

Success Tips For Young First-Time Home Buyers
Read More
IIFL Home Loans | Oct 03 11:45 AM
Home Loans

Success Tips For Young First-Time Home Buyers
Read More
IIFL Home Loans | Oct 03 11:45 AM
Home Loans

Success Tips For Young First-Time Home Buyers
Read More
IIFL Home Loans | Oct 03 11:45 AM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

How To Claim Tax Benefits On Joint Home Loans?
Read More
IIFL Home Loans | May 21 2:45 PM
Home Loans

How To Claim Tax Benefits On Joint Home Loans?
Read More
IIFL Home Loans | May 21 2:45 PM
Home Loans

How To Claim Tax Benefits On Joint Home Loans?
Read More
IIFL Home Loans | May 21 2:45 PM
Home Loans

How To Claim Tax Benefits On Joint Home Loans?
Read More
IIFL Home Loans | May 21 2:45 PM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

5 Things to Consider Before Refinancing a Home Loan
Read More
IIFL Home Loans | Feb 21 3:30 PM
Home Loans

5 Things to Consider Before Refinancing a Home Loan
Read More
IIFL Home Loans | Feb 21 3:30 PM
Home Loans

5 Things to Consider Before Refinancing a Home Loan
Read More
IIFL Home Loans | Feb 21 3:30 PM
Home Loans

5 Things to Consider Before Refinancing a Home Loan
Read More
IIFL Home Loans | Feb 21 3:30 PM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

SIPs Can Help You to Pay Your Home Loan Interest
Read More
IIFL Home Loans | Nov 15 1:00 PM
Home Loans

SIPs Can Help You to Pay Your Home Loan Interest
Read More
IIFL Home Loans | Nov 15 1:00 PM
Home Loans

SIPs Can Help You to Pay Your Home Loan Interest
Read More
IIFL Home Loans | Nov 15 1:00 PM
Home Loans

SIPs Can Help You to Pay Your Home Loan Interest
Read More
IIFL Home Loans | Nov 15 1:00 PM
Home Loans

SIPs Can Help You to Pay Your Home Loan Interest
Read More
IIFL Home Loans | Nov 15 1:00 PM
Home Loans

SIPs Can Help You to Pay Your Home Loan Interest
Read More
IIFL Home Loans | Nov 15 1:00 PM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

What are the Best Real Estate Areas in Bangalore?
Read More
IIFL Home Loans | Jul 07 2:30 PM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Policies Increase the Efficiency of the Work Process!
Read More
IIFL Home Loans | Jun 01 12:45 PM
Home Loans

Policies Increase the Efficiency of the Work Process!
Read More
IIFL Home Loans | Jun 01 12:45 PM
Home Loans

Policies Increase the Efficiency of the Work Process!
Read More
IIFL Home Loans | Jun 01 12:45 PM
Home Loans
Tax Planning

Home Loans
Tax Planning

Home Loans

What Are The Benefits Of Buying A House in 20s
Read More
IIFL Home Loans | Apr 06 5:45 PM
Home Loans

What Are The Benefits Of Buying A House in 20s
Read More
IIFL Home Loans | Apr 06 5:45 PM
Home Loans

What Are The Benefits Of Buying A House in 20s
Read More
IIFL Home Loans | Apr 06 5:45 PM
Home Loans

What Are The Benefits Of Buying A House in 20s
Read More
IIFL Home Loans | Apr 06 5:45 PM
Home Loans
Tax Planning

Home Loans
Tax Planning

Home Loans
Tax Planning

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Calculate Your Eligibility With Home Loan Calculator
Read More
IIFL Home Loans | Feb 07 11:00 AM
Home Loans

Calculate Your Eligibility With Home Loan Calculator
Read More
IIFL Home Loans | Feb 07 11:00 AM
Home Loans

Calculate Your Eligibility With Home Loan Calculator
Read More
IIFL Home Loans | Feb 07 11:00 AM
Home Loans

Calculate Your Eligibility With Home Loan Calculator
Read More
IIFL Home Loans | Feb 07 11:00 AM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Hacked!!! Why Indian Sailors Get a Loan Rejection?
Read More
IIFL Home Loans | Oct 21 2:15 PM
Home Loans

Hacked!!! Why Indian Sailors Get a Loan Rejection?
Read More
IIFL Home Loans | Oct 21 2:15 PM
Home Loans
Pradhan Mantri Yojana

Home Loans
Pradhan Mantri Yojana

Home Loans
Pradhan Mantri Yojana

Home Loans
Pradhan Mantri Yojana

Home Loans
Pradhan Mantri Yojana

Home Loans
Pradhan Mantri Yojana

Home Loans

10 Things You Must Know About Home Loan EMI Calculator
Read More
IIFL Home Loans | Oct 05 12:15 PM
Home Loans

10 Things You Must Know About Home Loan EMI Calculator
Read More
IIFL Home Loans | Oct 05 12:15 PM
Home Loans

6 Things To Consider While Choosing Your Home
Read More
IIFL Home Loans | Oct 01 11:45 AM
Home Loans

6 Things To Consider While Choosing Your Home
Read More
IIFL Home Loans | Oct 01 11:45 AM
Home Loans

6 Things To Consider While Choosing Your Home
Read More
IIFL Home Loans | Oct 01 11:45 AM
Home Loans

6 Things To Consider While Choosing Your Home
Read More
IIFL Home Loans | Oct 01 11:45 AM
Home Loans

6 Things To Consider While Choosing Your Home
Read More
IIFL Home Loans | Oct 01 11:45 AM
Home Loans

6 Things To Consider While Choosing Your Home
Read More
IIFL Home Loans | Oct 01 11:45 AM
Home Loans

6 Things To Consider While Choosing Your Home
Read More
IIFL Home Loans | Oct 01 11:45 AM
Home Loans

6 Things To Consider While Choosing Your Home
Read More
IIFL Home Loans | Oct 01 11:45 AM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Here are 6 ways to Save Money on Your Home Loan
Read More
IIFL Home Loans | Aug 05 12:15 PM
Home Loans

Here are 6 ways to Save Money on Your Home Loan
Read More
IIFL Home Loans | Aug 05 12:15 PM
Home Loans

5 Hacks for Improving the Home Loan Eligibility
Read More
IIFL Home Loans | Jul 18 3:45 PM
Home Loans

5 Hacks for Improving the Home Loan Eligibility
Read More
IIFL Home Loans | Jul 18 3:45 PM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Whether taking home loan is a wise decision or not?
Read More
IIFL Home Loans | Apr 14 2:15 PM
Home Loans

Whether taking home loan is a wise decision or not?
Read More
IIFL Home Loans | Apr 14 2:15 PM
Home Loans

Whether taking home loan is a wise decision or not?
Read More
IIFL Home Loans | Apr 14 2:15 PM
Home Loans

Whether taking home loan is a wise decision or not?
Read More
IIFL Home Loans | Apr 14 2:15 PM
Home Loans

Yes, Every Home Loan Needs Insurance. Here Why
Read More
IIFL Home Loans | Apr 14 11:30 AM
Home Loans

Yes, Every Home Loan Needs Insurance. Here Why
Read More
IIFL Home Loans | Apr 14 11:30 AM
Home Loans

Yes, Every Home Loan Needs Insurance. Here Why
Read More
IIFL Home Loans | Apr 14 11:30 AM
Home Loans

Yes, Every Home Loan Needs Insurance. Here Why
Read More
IIFL Home Loans | Apr 14 11:30 AM

Prelude to Building Green - IIFL Home Loan's Guide to Sustainable Affordable Housing
Download report
Most Read Blogs
Home Loans

10 Things You Must Know About Home Loan EMI Calculator
Read More
IIFL Home Loans | Oct 05 12:15 PM
Home Loans

5 Hacks for Improving the Home Loan Eligibility
Read More
IIFL Home Loans | Jul 18 3:45 PM
Home Loans

5 Things to Consider Before Refinancing a Home Loan
Read More
IIFL Home Loans | Feb 21 3:30 PM
Home Loans

Home Loans

6 Things To Consider While Choosing Your Home
Read More
IIFL Home Loans | Oct 01 11:45 AM
Home Loans

Home Loans

7 Expert Tips For First-Time Home Loan borrowers
Read More
IIFL Home Loans | Nov 02 9:30 AM
Home Loans

Home Loans

Home Loans

Affordable Home Loans In India And IIFL Home Loans
Read More
IIFL Home Loans | Nov 23 4:12 AM
Home Loans

Home Loans

Home Loans

Best Tips To Get Lowest Home Loan Interest Rates
Read More
IIFL Home Loans | Oct 03 12:15 PM
Home Loans

Calculate Your Eligibility With Home Loan Calculator
Read More
IIFL Home Loans | Feb 07 11:00 AM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Frequently Asked Questions: Post RBIs Moratorium On Loan
Read More
IIFL Home Loans | Sep 05 12:15 PM
Home Loans

Guidelines for Affordable Home Loan Balance Transfer
Read More
IIFL Home Loans | Jul 12 6:18 PM
Home Loans

Hacked!!! Why Indian Sailors Get a Loan Rejection?
Read More
IIFL Home Loans | Oct 21 2:15 PM
Home Loans

Home Loans

Home Loans

Here are 6 ways to Save Money on Your Home Loan
Read More
IIFL Home Loans | Aug 05 12:15 PM
Home Loans

Home Loan Balance Transfer - Step By Step Guide
Read More
IIFL Home Loans | Nov 02 9:30 AM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

How to Avail Loan against Property for Business
Read More
IIFL Home Loans | Jul 06 7:14 AM
Home Loans

Home Loans

How to Claim Tax Benefits on a Second Home Loan
Read More
IIFL Home Loans | Aug 04 6:38 AM
Home Loans

How To Claim Tax Benefits On Joint Home Loans?
Read More
IIFL Home Loans | May 21 2:45 PM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Key Factors Affecting Your Home Loan Amount Eligibility
Read More
IIFL Home Loans | May 12 11:58 AM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

NCD Vs FD: What Is The Difference Between The Two?
Read More
IIFL Home Loans | Nov 23 4:12 AM
Home Loans

Home Loans

Home Loans

Home Loans

Policies Increase the Efficiency of the Work Process!
Read More
IIFL Home Loans | Jun 01 12:45 PM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

SIPs Can Help You to Pay Your Home Loan Interest
Read More
IIFL Home Loans | Nov 15 1:00 PM
Home Loans

Steps To Close A Home Loan Without Complications
Read More
IIFL Home Loans | Aug 24 9:48 AM
Home Loans

Home Loans

Success Tips For Young First-Time Home Buyers
Read More
IIFL Home Loans | Oct 03 11:45 AM
Home Loans

Home Loans

Home Loans

Home Loans

Home Loans

What Are The Benefits Of Buying A House in 20s
Read More
IIFL Home Loans | Apr 06 5:45 PM
Home Loans

What are the Best Real Estate Areas in Bangalore?
Read More
IIFL Home Loans | Jul 07 2:30 PM
Home Loans

What Is a Pre-approved Home Loan and Its Benefits
Read More
IIFL Home Loans | May 15 5:28 AM
Home Loans

Home Loans

Home Loans

Whether taking home loan is a wise decision or not?
Read More
IIFL Home Loans | Apr 14 2:15 PM
Home Loans

Yes, Every Home Loan Needs Insurance. Here Why
Read More
IIFL Home Loans | Apr 14 11:30 AM
Home Loans

Disclaimer: The information contained in this post is for general information purposes only. IIFL Home Finance Limited (including its associates and affiliates) ("the Company") assumes no liability or responsibility for any errors or omissions in the contents of this post and under no circumstances shall the Company be liable for any damage, loss, injury or disappointment, etc. suffered by any reader. All information in this post is provided "as is", with no guarantee of completeness, accuracy, timeliness, or of the results, etc. obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability, and fitness for a particular purpose. Given the changing nature of laws, rules, and regulations, there may be delays, omissions, or inaccuracies in the information contained in this post. The information on this post is provided with the understanding that the Company is not herein engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. This post may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other agency or organization. This post may also contain links to external websites that are not provided or maintained by or in any way affiliated with the Company and the Company does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. Any/ all (Home/ Loan Against Property/ Secured Business Loan/ Balance Transfer/ Home Improvement Loan/ NRI Home Loan/ Home Loan for Uniformed Services) loan product specifications and information that may be stated in this post are subject to change from time to time, readers are advised to reach out to the Company for current specifications of the said (Home/ Loan Against Property/ Secured Business Loan/ Balance Transfer/ Home Improvement Loan/ NRI Home Loan/ Home Loan for Uniformed Services) loan.