5 PITFALLS you MUST Avoid!

Have you been planning to buy a property for long? Are you all geared up for buying a property? Well! If yes, then you must know the pitfalls that you might come across while buying a property. Here are some of the mistakes that you must avoid.

1. Lack of Market Research: Having a lack of knowledge about property trends and the realty market can affect your property buying decision. Before deciding upon a property without having sound knowledge about property trends and rates, you must do some detailed research to work out the market value of the property. Carrying out a comparative market analysis is an extremely powerful process to get the best deal for property.
2. Depending on the Agents: The bitter truth about the agents is that the they are working for the seller and not for you! Hence, entirely depending on the agents to find a better property is to be strictly avoided! Taking help from the agents is good, but not entirely depending on them. You must do your homework and find more options of properties by yourself.
3. Not asking the much needed questions: You must have a set of questions that you should ask when doing your research. Here are a few of them 
   *How old is the property? 
   *How much did the property cost when it was bought for the first time? 
   *What are the offers so far on the property?
4. Searching without financial approval: This is another common mistake that many  home buyers do. The last thing you would want is to watch your dream home slipping from your hands. Hence, having financial approval is important before you start searching for a property. For this you must know how much you are willing to spend on property and accordingly get financial approval.
5. Overstretching Your Finances: when we get an option that is beyond our budget and yet we desire to buy that property and we finalize on a property that is not within the limits of our finances. And then we often tend to exceed the actual amount that we can afford to spend on property payments and eventually add a burden to our expenses.

Hence, if you are planning to make a property purchase then you should be ready to avoid committing these mistakes in property buying process and get the best property deal!

7 Things You should be doing!

Property buying, for many of us is a once in a lifetime event that none of us want to miss or compromise on. We do all that it takes to have a living space that we can call it as our own. We are ready to invest all our hard earned money or even take loans in case of insufficient funds. However, while we all turn enthusiastic and too excited when we plan to buy a property, we tend to neglect certain areas that we need to check before buying a pre-owned property  to avoid making the incorrect decision about the property!

So here are the 7 things that you should be doing before buying a pre-owned property:

1. Check for water stains or corrosions on the walls, which are backing onto the wash area and bathrooms. Moisture penetration or water leakages can cause water stains on walls and thus hamper the wall paint. However, this isn’t any defect in construction or the structure, but can give you a heavy expenditure for maintenance.
2. Pay attention to the ceilings for any droop. Check whether the ceilings are fixed firmly into place and are even.
3. Check the cabinets for any kind of damps or mildew. Cabinets with damps have the possibility of water leaks.
4. Check for any kinds of moulds in the bathrooms or even the bedrooms. These appear like bad patches on the walls and deplete entire beauty of the home. This mostly is a result of bad maintenance and hence, you know what to do I order to avoid this after you move in.
5. Look for the cracks in the walls of the rooms. Proper wall plastering is important as poorly plastered walls can develop fine cracks at an early age. And these can even result in increased cracks with time.
6. Check for the rust in the inside walls of roof gutters as, at times, the outer side might appear in good condition, but inside it could be corroded and might need to be replaced which would add to your maintenance costs.
7. Look for the proper pipelines in the house. There should not be any pipeline leakages.