REALTY : 5 Things to Remember While Buying a New Home if you are Just Married

5 Things to Remember if you a newly married couples and looking to buy your dream homes. Learn advice and tips about how to get a dream home with all the features you and your partner want.

As a new couple, you might want a hot swirling Jacuzzi in your bathroom or the penthouse you yearned for during your honeymoon trip but make sure you do not blow off your top with this one. Buying a new home is perhaps the biggest purchase or financial commitment you will make for quite some time, so here are a few things you should keep in your mind:

1. Figure Out Your Budget: Typically, your expenses increase after marriage. What you can really pay as EMI is the money left in your account - AFTER you have paid the rent, utility bills, taxes, travelling and shopping expenses etc.

If you have some savings already or expecting your parents to bestow you with some cash, note it all down too.

2. Make a Priority List: SHRI experts advise you to make two lists: WHAT YOU WANT and WHAT YOU NEED. Sit down together and add all the things you want in or around your home. Then, choose what all you absolutely need and what you can compromise with.

3. Identify the Property: Proximity to office, schools (for future children), marketplace or hospitals (if you or a family member living with you needs regular medical attention), neighborhood, and commute facilities are some of the things you might want to check. Investing in upcoming projects might be cheaper than buying a readymade apartment.

4. Check Reliability of the Builder: Check the builder's permit papers before registering a flat - especially in new upcoming areas like Greater Noida or Jaipur. Read the 'Late Possession Clause' carefully in the contract you sign. It will come in handy if the builder fails to deliver your flat within the specified time limit.

5. Home Loans: First check if your builder is approved for loans by banks or not. Sometimes, builders offer you loans too. Check out your options and compare the schemes before applying for the loan.