Tips for buying house on a budget

Tips for buying house on a budget

A person at one point or the other in their life wants a home, which he/she call his/her own. A place to live, and decorate the way they want. However, when your budget is small, it might be looked like a far-fetched dream. Even though a small budget does pose a challenge, it doesn’t mean it can’t be done.

We are here to help. Give you some tips that bring you closer to owning a dream home in Kharar, Greater Mohali.



A home is a lifetime investment. The first and foremost step is to know your budget. Review your finances, set aside an amount for the down payment, find out loan options, and get pre-approved for your loan.

With smart planning and decision-making and guidance from an expert. You can get anything from a duplex, 2bh 3bk, 4bhk to an independent home depending upon your budget.


All that glitters is not Gold. When it comes to homes, it is very easy to exceed your budget for the latest tennis court or swimming pool. The amenities look good on paper but might be of little or no use for the kind of person you are. Know your requirements and stick to your budget.

Remember, the higher the price of the property, the higher the interest rate and EMI payable.


The location has a big impact on the price of the property. Research different localities and compare the prices and amenities and facilities available nearby too. The prices of homes that are on the outskirts are usually low in comparison to the houses that are in the city.

Ready to move

Once you have done the loan formalities and signed on the loan documents, EMI starts. You have to pay the EMI even if the home is not occupied. Until the home is occupied, you can’t avail the tax benefits.

It would be better if you look for homes that are ready to move in.

Understand all the processes.

Most homebuyers just focused on the huge costs associated with owning the house. They seem to neglect the associated cost with it. Plan and find out the additional costs associated with the house you are buying. Costs like insurance, property tax, registration cost, etc.


If you buying an apartment or a house in a gated community. You need to inquire about the developer. Find out the reputation of the developer, how many projects they have completed, what kind of construction quality material they use. This research will help you out in the longer run.

One thing, we can boast about the Vision India group is the quality of the building, also all our projects are RERA approved. After all, our experience speaks for itself as our 11th project is coming to completion. If you think, we are tooting our own home. We believe after so many successful projects, we have the right to toot our horn a little.



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