Excited about buying your home in Goa? Anxious about how to get going with it?

Buying your first home in Goa can be a pretty tedious experience. You are bound to get confused or feel lost during the process especially if you are buying a home in a whole new state.

Investing in a home is a very big and valuable decision which will impact your life all throughout. Thus, it definitely requires a lot of research, plenty of help and unending amount of patience. We have it all covered in order to make matters simple and less of a nightmare for all the first-time homebuyers in Goa.

So, here is a complete checklist that will take you through all the information you need to purchase your first Goa home.

1. Know Your Requirements

There are a variety of homes available out there but choosing the right one for you is a challenging task. So, first things first - What are you looking for in a home? Are you looking for a primary or secondary home, an apartment or villa, ready-to-move-in or under-construction, gated or non-gated community? What exactly are your requirements in terms of specifications, location, amenities, proximity, privacy, neighbourhood? Are you more inclined towards this being an investment or a retirement home? Are you keen on rental income or capital appreciation?

Think about all the above when taking the decision of buying your first home in Goa and then list out all your requirements in order of importance.

2. Set a Budget

The second step is to construct a budget and stick by it. Be aware of your finances. Finances is one of the most important aspects when buying a home. Be conscious of how much you want to keep aside to invest and make sure you thoroughly stick by it, in order to avoid financial burdens at a later stage. Will you be self-funding this purchase? Are you going in for a bank loan? Which bank do you trust? These are important questions to ask yourself during the process.

Once you have determined your budget it will be easier for you to narrow down on the home you are looking for and the amount you can really afford. Don’t forget to keep in mind the EMI costs, interest rates, tax deductions and so on.

3. Do Your Market Research

In a highly digitalized world, everything from apparels to groceries are online and real estate is no different. Unfamiliarity with another state’s real estate market can be a major drawback for first time homebuyers. Hence, do your research about the market to find out what’s available out there. Do not settle for what you come across the first time. This is also a good time to research on other aspects such as the location, price, rental returns, resale value, and so on.

In terms of location, it’s wise to check if transport connections, hospitals, schools, banks, and commercial areas are within close proximity. The location of a development highly influences the price factor. For instance, a home along the beach belt will cost you more than the one away from the beach. The return on your investment is largely dependent on the location you select. Therefore, if you have decided on the location it is appropriate to also consider the demographics of the area. The demand to rent or sell will again depend on the location you pick.

4. Know Your Developer

For first time homebuyer’s uncertainty with Goa’s property market can be a major disadvantage. Hence, it’s advisable to do a little bit of homework from your end. We live in a highly digitalized world and the best place to research developers is definitely the internet. Two important things to keep in mind before going ahead with a particular developer – i) review online the various developers and their projects, ii) do a site visit of the project you are interested in and iii) put in a request to visit the older projects.

Since you are looking to invest in a home away from home in Goa, also make sure you review a developer with a track record of successful projects and impeccable status in the market. Purchasing a house from a developer with a great track record is nearly risk-free, because these developers are very concerned about their reputations.

Over 31 years hundreds of people who are now homeowners have trusted Acron Developers in North Goa. With a reputation for high quality homes, select locations, superior specifications, punctual delivery and excellent post-possession service, Acron Developers holds a proven track record in the real estate business for decades now.

Take a watch at what our homeowners have to say here: https://bit.ly/2YmLCrQ