7 Hidden Costs to Consider Prior to Buying Home

Welcome to our blog! If you are considering buying a new home, you are probably excited about the prospects of settling into your dream space. 

While the hunt for the perfect 2 BHK flat for sale in Khopoli or a 2 BHK flat in Karjat can be thrilling, it’s essential to be well-informed about all the potential costs involved. 

Beyond the obvious price tag, there are several hidden expenses that can catch you by surprise. 

In this blog, we will explore the top 7 hidden costs you should carefully consider before making that significant investment. 

Our aim is to equip you with the knowledge and insights needed to make a well-informed decision, ensuring your home-buying journey is as smooth and stress-free as possible. 

So, let’s dive in and discover what factors to keep in mind while embarking on this exciting chapter of your life!

7 Hidden Costs That You Should Consider

Buying a new home, such as a 2 BHK flat for sale in Khopoli or a 2 BHK flat in Karjat, is a significant milestone, and it’s essential to be fully aware of all the potential expenses involved. 

While the actual cost of the property is a major consideration, there are several hidden costs that often catch buyers by surprise. 

In this section, we’ll shed light on seven crucial factors that can impact your budget during the home-buying process.

1. Registration & Stamp Duty: 

• When purchasing a property, one must register it with the government and pay the corresponding stamp duty fees. 
• This charge varies from state to state and is calculated based on the property’s value. It’s crucial to factor in this expense, as it can be a substantial percentage of the property’s cost.

2. Brokerage Fees: 

• If you’ve engaged a real estate agent or broker to help you find your dream home, be prepared to pay a brokerage fee. 
• This fee is typically a percentage of the property’s value and is payable upon successful closure of the deal.

3. Parking & Advance Annual Maintenance Charges: 

• Many residential complexes may have additional costs for providing parking spaces. 
• Additionally, some housing societies require an advance payment towards annual maintenance charges. 
• Ensure you inquire about these charges beforehand.

4. Extra Charge for Location Preferences: 

• The location of your dream home can significantly impact its cost. 
• Properties with better connectivity, amenities, and proximity to essential facilities may come with an extra premium. 
• Make sure you consider this factor while finalizing your location preferences.

5. Processing Fees on the Home Loan: 

• If you’re availing a home loan to finance your purchase, banks or financial institutions may levy a processing fee. 
• This fee covers the administrative costs of processing your loan application and is usually a percentage of the loan amount.

6. GST (Goods and Services Tax): 

• For under-construction properties, buyers need to pay Goods and Services Tax. 
• The rate of GST varies depending on whether you are availing of affordable housing benefits or not. 
• It’s crucial to understand the GST implications on the property you intend to buy.

7. Peripheral Expenses: 

• Beyond the immediate purchase costs, there are various peripheral expenses that you should keep in mind. 
• These may include interior furnishings, moving expenses, property insurance, and any renovations or modifications you plan to undertake after purchasing the property.

By being aware of these seven hidden costs and incorporating them into your budget, you can make a well-informed decision and avoid unexpected financial surprises. 

Remember, a thorough understanding of all expenses associated with buying a home will ensure a smoother and more enjoyable home-buying experience.

Why Choose Unimont Homes?

If you are in search of your dream home, consider homes by Unimont Group as the perfect choice. 

We understand that purchasing a new home involves careful consideration of various factors, including hidden costs. 

Our range of thoughtfully designed properties, such as 2 BHK flats for sale in Khopoli and 2 BHK flats in Karjat, not only offer a delightful living experience but also come with a host of advantages that make them the ideal choice for homebuyers. 

Let’s take a closer look at why homes by Unimont Group stand out from the rest.

• Affordable Living: 

• At Unimont Group, we believe that owning your dream home should be a reality for everyone. 
• Our properties are priced competitively to ensure that you get the best value for your investment without compromising on quality or amenities.

• Located Amidst Nature: 

• Embrace the serenity of nature with our properties that are strategically nestled amidst the picturesque landscapes of Karjat and Khopoli. 
• Experience a peaceful and rejuvenating living experience away from the hustle and bustle of city life.

• Best Construction Quality: 

• We take immense pride in delivering homes of superior construction quality. 
• Each project is meticulously planned and executed to ensure that you and your loved ones have a safe and secure living environment.

• Proximity from Mumbai & Pune: 

• Unimont Group offers the perfect balance between nature’s tranquillity and urban convenience. 
• Our properties in Khopoli and Karjat are well-connected to Mumbai and Pune, making it convenient for you to commute to these major cities.

• Ready Possession Flats: 

• Our ready possession flats in Khopoli and 2 BHK flats in Karjat are designed for those seeking to move in quickly and start creating memories. 
• With no waiting time, you can enjoy the comfort of your new home without delay.

• Basic Facilities Nearby: 

• We understand the importance of having essential facilities nearby. 
• Our properties are strategically located to ensure easy access to schools, hospitals, shopping centres, and other necessary amenities.

• Ready-to-Move Projects: 

• With Unimont Group’s ready-to-move projects in Khopoli and Karjat, you can avoid the uncertainties of buying under-construction properties. 
• Move into your dream home immediately and embrace a hassle-free experience.

• World-Class Amenities: 

• At Unimont Group, we understand that a home is not just a physical structure but a sanctuary that enhances your lifestyle. 
• Our properties are thoughtfully designed to provide you with an array of world-class amenities.
•  From well-equipped fitness centres, swimming pools, mini plex, hill walkways, landscaped gardens, and children’s play areas to a cafeteria and more, we ensure that you and your family experience a lifestyle of comfort and luxury.

• Close to Navi Mumbai International Airport: 

• Our properties are strategically located in proximity to the upcoming Navi Mumbai International Airport. 
• This ensures excellent connectivity and convenience for those who frequently travel for business or leisure. 
• Embrace a lifestyle where you can effortlessly explore various destinations without the hassle of long commutes.

• Timely Delivery of Projects: 

• We take great pride in our commitment to delivering projects on time. 
• We understand the significance of timely possession, and our dedicated team ensures that you can move into your dream home as per the promised schedule. 
• With us, you can have peace of mind and confidence in our punctuality.

At Unimont Group, we are committed to offering you the finest living spaces that cater to your lifestyle needs. 

Our properties in Khopoli and Karjat are designed with your comfort and convenience in mind, making them an excellent choice for your dream home. 

With us, you can rest assured that transparency, quality, and customer satisfaction are at the heart of everything we do. 

Discover your perfect home with Unimont Homes today!

Smart Home Buying By Unveiling Hidden Costs

Buying a home is a momentous decision, and being aware of the hidden costs involved is crucial to making a well-informed choice. 

By considering factors such as registration and stamp duty, brokerage fees, parking and advance annual maintenance charges, extra charges for location preferences, processing fees on home loans, GST, and peripheral expenses, you can avoid financial surprises and plan your budget accordingly. 

At Unimont Group, we not only understand the importance of transparency in the home-buying process but also strive to offer you the finest living spaces with world-class amenities and timely project delivery. 

If you are on the lookout for your dream home, look no further than Unimont Group. 

Explore our thoughtfully designed properties in Khopoli and Karjat and take the first step towards making your dream a reality. 

Choose Unimont Group and embrace a life of comfort, luxury, and convenience. 

Your dream home awaits!