Mistakes to Avoid When Buying Your First Home in Mangalore

Jan 24, 2025

Buying your first home is a momentous milestone. Mangalore, with its coastal charm and growing urbanization, has become a sought-after destination for homebuyers. However, purchasing a home is not just an emotional decision—it requires careful planning and informed choices. Here are common mistakes to avoid when buying your first home in Mangalore.

1. Not Ensuring the Property Has All Legal Approvals

One of the most critical steps when buying a home is verifying the property’s legal standing. Overlooking this aspect can lead to legal disputes and financial losses. Ensure the property has clear land titles, approved building plans, and all necessary certifications, such as an occupancy certificate (OC) and a RERA (Real Estate Regulatory Authority) registration number. Asking with a trusted real estate builder can help you navigate the legal paperwork and prevent future hassles.

2. Choosing a Location Solely Based on Price

While affordability is an important factor, it should not be the only criterion for selecting a location. Mangalore offers diverse neighborhoods, each with unique advantages. Areas like Kadri, Chilimbi, and Kudroli are well-developed and offer proximity to schools, hospitals, and shopping centers, while more affordable outskirts may lack such conveniences.

A low-cost property in an underdeveloped area might result in higher transportation costs and limited access to essential services. Prioritize connectivity, safety, and future growth prospects when choosing a location.

3. Overlooking Hidden Costs

The price of a home is not limited to its sale value. Many first-time buyers fail to account for hidden costs such as:

Registration fees and stamp duty
Home loan processing charges
Property maintenance fees
Interior customization and furnishing expenses

These additional costs can significantly inflate your budget. To avoid financial strain, allocate at least 10-15% of your total budget for such expenses.

4. Not Engaging with a Trusted Real Estate Builder

The real estate market in Mangalore is burgeoning, with several new projects coming up. However, not all builders deliver on promises regarding quality and timelines. Opting for an unverified builder might lead to delays, substandard construction, or incomplete projects. To ensure peace of mind, choose builders with a solid reputation, positive customer reviews, and a history of delivering projects on time. Trusted builders often provide better after-sales support, ensuring a smoother transition to your new home.

Land Trades Builders and Developersstand out as a prominent name in Mangalore's real estate landscape. With over 33 years of experience, they have successfully completed 42+ projects and currently have 9 ongoing developments. Land Trades dedication to quality, transparency, and customer satisfaction has earned them the trust of 3,500+ happy customers. Whether you are looking for a luxurious apartment or a well-designed commercial space, Land Trades is a reliable brand.

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