Property, Plots, Real Estate, Houses & Flats for Sale in Odisha|Dialurban

Buying your first flat is a big milestone, and it can feel both exciting and overwhelming. To help you navigate the flat for sale market with confidence, here are some practical, easy-to-follow tips for first-time buyers:

1. Set a Realistic Budget
Before you even start browsing listings:

Calculate your deposit (usually 5–20% of the purchase price).

Get a mortgage in principle—this gives you an idea of how much lenders might offer.

Don’t forget extra costs: legal fees, stamp duty, surveys, moving costs, and service charges (for leasehold flats).

2. Choose the Right Location
Think long-term:

Is the area well-connected by public transport?

Are there nearby shops, parks, or schools (if relevant)?

What’s the safety and community vibe like?

Tip: Spend some time walking around the neighborhood at different times of day.

3. Understand Leasehold vs Freehold
Most flats are leasehold, meaning:

You own the property but not the land it's on.

You’ll likely pay ground rent and service charges.

Always check the length of the lease—leases under 80 years can be harder to mortgage or sell.

4. View Smart, Not Just Often
At viewings:

Look for signs of damp, cracks, and poor ventilation.

Check water pressure, windows, and the condition of shared areas.

Don’t be afraid to ask questions—about noise levels, neighbours, or recent renovations.

5. Get a Survey
Even in newer flats, it's worth getting a homebuyer report or full structural survey. It can reveal hidden issues and help you renegotiate the price if needed.

6. Stay in Touch with Your Mortgage Broker & Solicitor
Communication is key:

A good broker helps you find the best deal.

A proactive solicitor helps speed up the legal process and flag issues like restrictive covenants or unclear lease terms.

7. Don’t Let Emotions Cloud Your Judgment
It’s easy to fall for a flat with “character,” but make sure it’s the right investment:

Can you see yourself living there for a few years?

Will it be easy to resell or rent out in the future?

8. Be Ready to Act Fast
The market moves quickly. If you find the right place:

Have your paperwork ready.

Make a strong but reasonable offer, especially if others are interested.

Blog Details

Tips For First-Time Buyers: Navigating The Flat For Sale Market