8 Tips for Acing Your First Property Investment
Buying your first property could be a rather exciting but nerve-racking exercise, particularly if you’ve not been exposed to real estate investments earlier. Here are a number of tips for first time property buyers to ace the deal - Plan your finance One of the key elements involved in acing your first property investment is planning your finances and resources. This includes checking your CIBIL score (on which your creditworthiness will be based), arranging for the down payment, getting a realistic estimate of current and future earnings vis-à-vis expenses (both regular and major expenses over the loan period). Most of this will require some research but in case you wish to consult an expert, many financial advisors help you plan your finances before you go in for a property investment. Loan shopping is another major step to be taken. This means understanding the rate of interest (fixed or floating), the processing fees and other costs, the pre-payment fee, etc. Assess your hous...