Step by  Guide to Buying a New House in India

Step 6:Registration Fee and Stamp Duty

You are required to find out about the charges or rates that are applicable in the city you live in. The registration fee as well as the stamp duty will differ and depend on where you live, and is an important factor while buying a new property.

Step 7: Additional Expenses

One thing that every home buying guide warns people about is the possibility of additional or hidden expenses. You need to talk to people living in and around the property to find out if there's a garage to park your car at, the maintenance costs, etc before you buy a new house. You may also take help from professionals to find all of that out for you.

Step 8: Property Insurance

The insurance of property would ensure the safety of your financial future. There are various insurance policies that you may take a look at for your new house. There are various kinds of converages that a property insurance plan or home insurance plan has, and you should take a thorough look at them to know what is the best option for you and your family.

Buying a house is a very lengthy process and requires planning, patience, and trusted companions. If you are planning on buying a new house for yourself or your family, this 8 step guide should be helpful in terms of understanding what are the things that you must keep in mind during the entire process of looking for a new house and moving or renting it.

If you are in need of some financial help, you might consider home loans in order to make things easier and get some professional help as well. The home loans available on Finserv MARKETS come with flexible repayment tenure, balance transfer and top-up options. It has various options to choose from, a fast and easy online process of application, and requires very little documentation which makes the process easier and less complicated.

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