HOMEBUYERS ALERT! Planning to buy a house or flat? Here is what you need to keep in mind before choosing dream residential space

Since the outbreak of the coronavirus pandemic, people are bound to stay at their homes. People who are living in a rented place and are planning to move out or who want to buy a new house or any residential space can look for the tips provided below before buying their dream home.

As per a report by IANS, here are a few things suggested by Annuj Goel, MD, Goel Ganga Developments, to keep in mind before buying a home after pandemic:

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1. Home loans

Covid-19 has not only impacted the health of the person but has also drained his savings. For buying any house or residential property lots of money is required. Along with savings, people can look for better home loan options. Many banks, non-banking financial companies, housing finance firms have come up with new and special home loan plans for home buyers and first-time homebuyers amid pandemic. 

2. RERA exemptions

As per the report by IANS, many real estate federations, groups, and guilds are writing to RERA and other authorities seeking different exemptions in the wake of the pandemic. Therefore, homebuyers must keep an eye on the developments with respect to what all exemptions that realtors are expected to get so that you as a homebuyer get all the benefits if there is any given from the government and respective authorities.

3. Flat delivery deadline and possession date

Lockdown-related restrictions in the wake of the coronavirus wave have forced many sectors to put their work at a halt. And, real estate is one of them. Many realtors are left with no other option but have to shift their date of possession and delivery of flats. Therefore, homebuyers are advised to keep this aspect also in mind.

4. Proximity with schools, hospitals, and daily requirements

One should always look for a housing society that is best in terms of connectivity with schools, hospitals, public transport facilities, metro stations, medical shops, grocery stores and other important requirements of life on a daily basis.