4 Tips To Consider for Saving Money While Buying 2 and 3 BHK Flats in Khandagiri
Having a house of your own is the dream for every Indian citizen. Fortunately, it’s no more challenging to buy your own home in 2022. Thanks to the government and public/private banks for fulfilling the dream of owning the house of many citizens. You don’t require a big budget to purchase 2 BHK flats in Khandagiri. Various schemes and ways are available to own your residential flats at the lowest possible price. By putting in some effort and doing research, you can save a good amount of money while buying your dream residential property.
Today, in this Blog post, we’ll discuss the easiest ways to save money while purchasing your dream 2 and 3 BHK flats in Khandagiri, Bhubaneswar.
Negotiate Well With the Builder
When you’re showing interest in purchasing any residential property in Khandagiri, the developer will pretend to provide the best-negotiated deal. In most cases, the negotiated deal will be a cash discount. Apart from the cash discount, you need to ask the developers to give other type of discounts in terms of free furnishings or home appliances that will give more benefits for your dream home. Many developers are smart enough and they will convince you with small electronic accessories, smart gadgets or other types of discounts that cost them very low budget. However, asking for free furnishing or quality home appliances while booking your residential flat will be a smart idea. Tell your requirements to the developer, and he/she might shake hands with you.
As Khandagiri is located in Bhubaneshwar city of Odisha state, this tip you should follow. In some states like Odisha, Uttar Pradesh, Delhi, Haryana, and Punjab, if you register your property in your wife or mother’s name, you get a concession of 2 or 4% on stamp duty. Above all, banks provide the lowest interest rate if you purchase property in your wife or mother’s name. In case if you’re taking a housing loan in your mother’s or wife's name, the credit history should be clear.
Get the Best Interest Rate From Banks
When you look for an apartment for sale in Khandagiri, you’ll see many banks promoting the lowest interest rates. In reality, you can’t get the lowest interest from the banks in the first call.
As you’re interested in saving money while purchasing residential flats, don’t opt for home loans quickly. Get the lowest interest rates from different banks and decide between floating and fixed interest rates.
Once you have received the lowest rates from banks, wait for some days, and bank executives will call you regarding the loan. Now, you can review all the bank required documents and possible interest rates and choose the right options, then you are ready to sign the dotted lines.
The entire procedure might take some time, but you’ll definitely get the lowest interest rates. You can also ask the developer to provide the lowest interest rates because he/she has direct contact with the banks.
Subvention Schemes are Quite Advantageous
Well, subvention schemes might not save your money, but they will decrease your burden. The subvention schemes are also known as flexi-payment plans that allow you to manage your expenses, and you don’t have to pay that big upfront amount while booking. Many reputed developers often provide such schemes for grabbing the attention of individual buyers and investors. As a result, when looking for flats for sale near Khandagiri, always look for subvention schemes.
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