Buying or selling property can feel confusing. You want to make the right moves and avoid costly mistakes. Someshwar Srivastava, a veteran real estate investor, shares simple do’s and don’ts that anyone can follow. His advice covers everything from choosing the right location to handling paperwork. Whether you are a first-time homebuyer or an experienced landlord, these tips will help you invest wisely and avoid common pitfalls.
In this blog, we explore Someshwar Srivastava’s key guidelines in straightforward language. By the end, you’ll know exactly what to do—and what not to do—when dealing with real estate.
The Do’s of Real Estate
-
Do Research the Location
Always start by studying the area. Someshwar Srivastava says that a good location is the single most important factor in real estate. Visit the neighborhood at different times of the day. Check for schools, markets, hospitals, and public transport. A well-connected area usually guarantees steady demand.
-
Do Set a Realistic Budget
Before you begin your search, figure out how much you can spend. Someshwar Srivastava recommends calculating your monthly income and expenses, then deciding on an affordable loan amount. Don’t stretch your budget too thin. Keeping your loan repayments under 30% of your monthly income can prevent future money stress.
-
Do Get Pre-Approved for a Loan
Securing a mortgage pre-approval helps you shop with confidence. Someshwar Srivastava explains that a pre-approved loan shows sellers you are a serious buyer. It also clarifies the maximum amount the bank will lend you, preventing surprises later. Getting pre-approved saves time and speeds up the buying process.
-
Do Inspect the Property in Person
Photos and videos online can be helpful, but nothing replaces an in-person visit. Someshwar Srivastava urges buyers to walk through the property. Check for cracks in walls, plumbing leaks, and electrical issues. A personal inspection helps you spot problems that might not appear on paper or in photos.
-
Do Hire a Trusted Legal Advisor
Paperwork in real estate can be tricky. Someshwar Srivastava always advises hiring a good lawyer who knows property law. A legal expert will verify land titles, check for liens, and ensure all documents are in order. This step protects you from fraud and legal hassles in the future.
The Don’ts of Real Estate
-
Don’t Rush Into a Decision
Real estate is a big commitment. Someshwar Srivastava warns against hasty choices. Never buy a home just because someone else did. Take your time to compare properties, prices, and locations. A well-informed decision is always safer than a quick one.
-
Don’t Ignore Hidden Costs
Aside from the sale price, there are many hidden costs. Someshwar Srivastava points out expenses like stamp duty, registration fees, brokerage, maintenance, and property tax. Always add these costs into your budget. Ignoring them can lead to unpleasant financial surprises down the road.
-
Don’t Skip the Home Inspection
Some buyers avoid professional inspections to save money. Someshwar Srivastava strongly discourages this. A licensed inspector can find issues you might miss, such as faulty wiring or termite damage. Skipping this step can cost you much more in repairs later.
-
Don’t Rely Solely on Online Listings
While websites offer a wide choice, they can sometimes list outdated or inaccurate information. Someshwar Srivastava recommends cross-checking listings with real estate agents and local contacts. Always verify the seller’s claims in person before moving forward.
-
Don’t Overlook Future Development Plans
Buying in an area that lacks future infrastructure can limit your property’s growth. Someshwar Srivastava suggests researching city master plans and upcoming projects. New highways, metro lines, or business parks can boost your property’s value, while unwanted industrial projects can lower it.
Conclusion
Real estate success comes from careful planning and informed decisions. By following the simple do’s and don’ts shared by Someshwar Srivastava, you can avoid common mistakes and build a strong property portfolio. Remember to research locations, set a realistic budget, get loan pre-approval, inspect in person, and hire a legal expert. Equally important is to avoid rushing, overlooking hidden costs, skipping inspections, relying only on online data, and ignoring future city plans. Apply these guidelines, and your journey in real estate will be smoother and more rewarding. With Someshwar Srivastava’s advice as your guide, you’re ready to make smart, confident moves in the property market of 2025.
Read More Related Blogs :