In most cases, people start dreaming of buying their dream house since ages, or even decades, before they actually begin the process, but they soon realise how complex buying a house actually is. Everyone thinks about the number of bedrooms their dream house will have, what will the view outside the window look like, how will the neighboring area be, how they will decorate their garden and make the outdoors very aesthetic etc, but it is always easier said than done. When you’ve planned your dream house for so long and have put so much thought and vision into it. It would be a disappointment to miss out on even one of the details planned.

There is always more to a house purchase than listing the favourites you probably picked off from Pinterest and moving in. It is important to understand all the steps of buying a house, as well as what to look for when buying, what questions to ask, understand the hidden costs, and how to close on it. But you wouldn’t want to make any hasty decisions when buying a house, especially your first one. Navigating the home-buying process can be challenging, but it becomes much easier if you have a plan and a clear path forward. Don’t worry, because Ashray Group is here to walk you through the process of buying your dream home, responsibly and without compromising on the little corners and details you promised your younger or current self:

Consider Your Personal Finances

Before planning to buy a home, it is essential to plan and consider how you are going to finance it. There are various ways to determine what you can afford and how much you can borrow. Look in depth at what you earn compared to the amount you spend and see if there are ways for you to budget and save more to put towards your deposit. The bigger the deposit, the better the rates and the more affordable will be your monthly payments. Keep a track of your credit score and try to improve it as far as possible. The better your score is, the easier it will be for you to get approved for a loan. Once you have a clear picture of what you're spending, create a realistic budget. Remember to factor in your monthly debts and leave room for savings.

Research The Local Market And Trends

Even before you think of putting an offer on a home, you should monitor the condition of the market in the area where your new house will be located. Pay special attention to the length of time that most homes in your price range stay in the market and if there are any big shifts in the asking price.

List Your Priorities

If you're a first-time home-buyer, it is definitely wise to create a wishlist for your first outing. After touring a few homes, sit down and reanalyze your needs and wants. You'll find that you'll need to adjust your expectations based on what's available in your target neighborhoods in your price range.

Find A Real Estate Agent And Give Hime Your Vision

With your list of priorities and your pre-approval information in hand, speak to a real estate agent who can help you find a home. An agent can facilitate negotiations between buyers and sellers and show you properties that fit your budget and meet your needs. After you narrow down your wish list, it's critical that you share your vision and information with your agent. Otherwise, you might waste valuable time and energy looking at the wrong homes. Communication is the key if you don’t want to end up in a wrong home.

Negotiate And Make An Offer

With the help of your real estate agent, you will determine a fair price to offer the owners of a home in which you are interested. Often, owners who receive an offer that is obviously too low simply refuse it upfront and don’t engage in any further negotiations, so try to avoid making a low-ball offer. You should always refer to the opinion of your agent, as he or she will know a lot more about the housing market and the rules that apply to home offers.

Ensure Perfect Inspection

It is extremely crucial to not skip out on the inspection part before buying a home. It’s important to have the house you are purchasing professionally inspected to ensure you are aware of any damage or signs of structural wear. An inspection will confirm whether the homeowners were honest in their listing and reveal any issues that might have gone unnoticed.

When you begin touring homes with your real estate agent, you may be focused on the size of the yard or the square footage of the kitchen, but there are other attributes to a home that is even more important to consider. You’ll want to be certain that you are making a good investment when you purchase a home, so you should avoid those with major problems or that will need costly repairs shortly after you make your purchase.

- A roof needs to be replaced every 20 to 25 years. This is a significant expense and not one you want to be stuck with right after purchasing your new home. Pay attention to the condition of the roof when you tour a home, and be sure to ask about its age. - You might fall in love with a home you tour because of how close it is to a body of water, but make sure you consider the potential risks of this proximity. The closer you are to water, the more likely it is that you will experience problems with flooding, so plan and cover the same risk with insurance. - Make sure you are aware of the condition of the insulation in a home, especially if it was built several decades ago. The better the insulation of a house is, the less you will have to spend on utility costs when it comes to heating and cooling throughout the year. After the inspection and the appraisal of the property, you can secure your loan with a bank or lender.

Loan And Paperwork

You need to work with your lender and your real estate agent to ensure that all of the relevant paperwork for your purchase is in order. You will finally be able to move into your new dream house as soon as all of the paperwork has been completed and the seller of the house has been paid. Paperwork is essential and any terms and conditions discussed should be well-documented and defined well in advance to avoid problems later.

Buy Your Dream House

Buy your dream house. This step sounds very easy while it’s actually the most complex one. You need to think as long term as possible because when it comes to home ownership, short-term decisions can be very costly. Picking a perfect house, especially in a project that has amenities, various facilities, safety & security measures, a good location, convenient options of travel & the perfect aura makes it a far better choice and one such project is Jaswanti Woods by Ashray Group. A home-buying decision ought to be slow & full of attention. If you temporarily buy a small house that you will soon outgrow, buying a second house all over again will be a difficult task, especially considering the recent market trends and the increasing property prices. So, plan wisely.