Well, everyone aims to buy a house one day but here if you are reading about how to buy your dream villa before 30! Then we would surely like to congratulate you first, for being able to dream big. If you can dream it, you can make it. You can check the villa projects near Whitefield Bangalore, duplex house in Bangaloreas they are really popular for now. We have listed down some of the factors that will help you get your dream villa before you are thirty.
Understand if it is the right time for you to buy a house.
Well, if you are buying a house in a city that you don’t know if you would be living in two years from now or not then it is not a wise decision for sure, so you must actually know whether you can live in the same house for at least five years or not. See, if you are sure that you are able to decide on the city where you want to spend at least the next 5-10 years of your life or not.
Estimate how much down payment and how much the EMI would cost you.
Well, it is not a sign of richness to live in a really beautiful house if you have to ask from others for your basic expenses as well. In case, you think that you have to ask your parents for the money that you need for your house then you are probably not ready to own a house. Also, make sure that you think of the finances well, you must ensure that you are able to pay the monthly EMI’s well and also make sure that you are able to have sufficient money with you so that you are able to have for yourself all through the month as well.
Know your credit score
Well, we are sure that you understand this aspect very well, you need to have a pretty good credit score before you go ahead to get a loan for yourself and this is a really important factor in deciding whether you are eligible for a loan or not. So, if you are thinking of buying a villa on credit, we would want you to understand that you need to check your credit score first.
Have the cash ready for a down payment as well as for all other expenses.
We would suggest you to save some cash in case you are looking for buying a villa because you need to provide for down payment as well. In fact, owning a house also adds up a lot more of other costs as well such as electricity, water, maintenance etc so you need to have cash ready for that as well.
Have your documentation ready.
So, finally when you are done with setting up everything that you would need to have a villa of your dreams, we would also suggest that you have your documents ready so that you have all that you need to get the villa of your dreams. Be ready with your bank statements, income records, tax returns etc so that you are able to have no last minute hassles while you go ahead to buy your villa.
So, these are the tips that you need to keep in mind before you set out to buy the villa of your dreams.