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A Dad’s checklist to buying a new home


Buying a home can be an intimidating experience, even for the most seasoned veterans. This is especially true if you’re buying a home for your family and you want to get it right: no one wants to make a mistake when they’re investing in a new home! But just because it’s scary doesn’t mean it has to be terrifying: here are some ways that you can prepare yourself before buying a new home.

Start saving money early, and keep saving

When you’re looking for a new home, it’s important to start saving money early. The earlier you can start saving, the better your chances of finding the right house. Even if you’ve been renting for years and are currently living in an apartment, don’t worry—you can still save up enough money to buy a house. The only thing that will change is how much time it takes.

The best way to save money is by buying a home that’s affordable on your current income level with room for extras like furniture, services, and other upgrades. This means purchasing a home that isn’t too big or expensive but still has all of the characteristics necessary for raising children, such as bedrooms with closets, bathrooms, and storage compartments. 

Investing in a villa is still a great source of investment as you get to own a piece of land and have an undivided share. You enjoy privacy at an enhanced level where you don’t share walls with any nosy neighbours. The advantage of staying in a 4bhk villa in Goa is that although you stay in a gated community you still enjoy the privilege of ultimate privacy. Hence when you are saving money to buy a house, look for villas in Goa as it is equipped with all the amenities and luxuries that you desire. 

Be realistic about what you can afford when buying a new home

If you’re buying a home, there are two things you need to do: 1) make sure you can afford it and 2) look for an agent who will help you.

Before going house hunting, sit down and make a realistic budget. Include all expenses related to owning a home—loan payments (and any other costs your lender will ask about), property taxes, homeowners insurance, maintenance costs like painting or fixing leaks, and utilities such as gas and electric bills. If there’s room in your budget after all those things are covered, then it may be time to start looking at houses! Take note of how much money is left over each month after paying all of these bills—this is how much profit per month on average that house would give back to retirement savings if possible later down the road when you’re no longer living under someone else’s roof.

Get pre-approved for a loan as soon as possible so you know how much house you can afford

Getting a loan is a great first step to get you started. It’s also an important step because it tells you how much house you can afford. For pre-approval, speak with your bank manager. He will give you an estimate on how much money they can lend you based on your income and assets. Keep in mind that the amount offered may not be what the bank ultimately gives you. Enquire about the interest rate and the ways you can complete the loan as early as possible. 

However, before you approach a bank make sure your credit score is high. You don’t want to run into many banks and finally realize that your application for a home loan was not approved. Be prepared with all the questions before you meet the bank manager.

Your bank manager will look for the locality of the house and your repayment capacity. If you fall in the age group of 35 to 50 then you have a high chance of getting your loan approved. These age groups have a decent number of years to repay the loan. The bank manager will also question you about how many years you have been serving your current company. The longer your experience with your company, the more likely for you to earn brownie points from the bank. Serving your company for at least three years is a good sign for loan approval. 

Once you know how much house you can afford, start looking at listings online. Visit houses in person and don’t forget to keep an eye out for any promising properties while driving around town!

Have a home inspection done on any home you might buy to make sure that it’s structurally sound and a good investment and worth your money

A home inspection is important for any homeowner. Just follow the checklist when buying the house. This can later help you to sell your house. You don’t want to end up with an expensive fixer-upper or have major issues pop up after purchase.

The inspection covers everything. Basically all of the major components that make up your home – from foundation and plumbing to electrical wiring and AC. 

While a home inspection contingency allows you to check major life-threatening issues like mold or faulty wiring but for first-time buyers, it may not be an easy process. It takes up time and energy but after all the inspections if there is something that you miss checking then it may be unsafe to stay. 

The best choice would be to buy a house from luxury real estate developers Goa as they design the villas or the apartments meticulously. Making a decision to buy from a premium developer does help to minimise the risk factors. 

Buying a new home can be scary, but there are ways to prepare ahead of time to be ready and confident in your purchase!

It is scary to buy a new home but there are ways to prepare ahead of time. Be confident in your purchase!

  • Research the property taxes in your area.
  • Get pre-approval for a loan as soon as possible. It will help you understand what kind of loan amount will work best with your down payment amount. You’ll also want to get a pre-approval before any offer goes into a contract. The sellers often ask buyers about their financial status on offers. If you are not able to answer then it will make them think twice about accepting yours! Consulting a good real estate agent for some expert advice can help you come up with a solution. It can never be the case that an agent is unaware of the current trends in the real estate industry. In order to stay competitive in the industry, it is certain that the agent will know about the home loan. Clear all your doubts about buying a home or taking a loan and then proceed. 


We hope that these excellent suggestions help you with what to look for when searching for your ideal home. Remember to compromise on a few things when finding something more affordable than buying an estate in the hills. If the house doesn’t meet your expectation then you can always renovate and customise it later! We wish you luck in your search and hope that this article was helpful: good luck out there dads! 

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