www.hamarivani.com Building a House: Buying a Plot for House (Part 1)

Wednesday, January 12, 2011

Buying a Plot for House (Part 1)

The first thing that we needed was to buy a plot for our house. We decided that we won't build a house on loan, as we have seen no one living in peace after he takes one, be it for buying a care, or home ;) By grace of god, we had enough savings, mostly because we lived a very sober life, with none of our family members into any kind of addictions whatsoever.

Anyways, for plot, we were looking something close to our present residence, where we were residing on rent. As we liked our present area, we were eager to  stay somewhere close to it. We inquired about plot's availability near by, and also started looking for it in local classifieds. After a few weeks, we found a few classified that suited our requirement, and we contacted the owner. He turned out to be a broker rather than the owner himself. Thus we learned how does it works ! Broker makes a handsome commission from the deal, which is included in the selling price of the plot, which ultimately we got to pay from our own pocket.

So the lesson learned was, its better to buy a plot from a relative or reference of a relative, because not only its a comparatively  trustworthy deal, but also saves the cost of a broker (i.e commission).

Contd ... ;)