7 BIGGEST REAL ESTATE MISTAKES

Property News Ahmedabad has always gone beyond conventional real estate topics and has believed in writing on a wider variety of subjects than usual.

This time, we have compiled a list of common mistakes we tend to make while buying and selling homes… Hopefully, reading this list carefully will help you avoid inconvenience during any sale or purchase you make!

     1. Buying a House for Its Decor 

The first thing you need to do when you walk in to a home is ask yourself… “Are you going to buy the house or the furniture?!” The more practical thing would be to focus on the floor plan or square footage rather than get carried away by fancy curtains or designer tapestry (which can be changed unlike floor space!)

     2. Waiting Until Diwali to Buy / Sell a House

As we all know, Diwali means much more than the festival of lights in India…! Diwali means best prices, best discounts and best demand… it is easily the busiest real estate activity period… but that does not mean you shouldn’t buy or sell a house for the remaining 364 days!

     3.Trusting Advertisements Blindly

An ad is not gospel truth! We all know that! And we really must learn to read between the lines... for example cozy signifies “small” and not “warm” when it comes to real estate. Like it is said, if it sounds too good to be true, it probably is!

     4.Buying/Selling solely based on the “Price”

Just because the value of a home increases with time, it is not wise to buy the most expensive house on sale! The same goes for buying the least expensive house too! Price does not guarantee quality and vice versa!

     5. Seeing the House Only Once

Generally, it is assumed that touring the house once is enough to get a real feel. However, it is important to view it at different hours of the day... during different days of the week. This will give you a good idea about its lighting, the neighborhood and so on…

     6. Rushing Major Renovations Before Selling

Repairs and minor upgrades are understandable... but renovating and reconstructing the whole property before a sale – or even worse – simply for a sale, is something which we would not really recommend! Let the buyer fix the house the way he wants… its best place to spend money on the outside. Research shows that increasing the curb appeal often returns the most value on your money.

     7. Buying What You Want, Not What You Need

One of the biggest mistakes we make while buying a home is buying something you ‘want’ rather than something you ‘need’! Why not add and subtract what you need on a piece of paper to get a good idea about how much you can stretch yourself.