Home Buying Process ChecklistJanuary 20, 2020

Home Buying Process Checklist

Home buying should never be done on an impulse; since a lot of money is involved, you will really need to sit down and plan out a strategy before even thinking of going home-shopping. Here’s a little guide to help you get through the steps involved in the home buying process:


Scour the internet, newspapers and real estate magazines to look for the types of homes available and their costs. This will give you a good idea of the pricing trends and your budgetary needs. 

Credit score

Clean up your credit score and close all pending bills from loaners before you even think of applying for a home loan. A high CIBIL score improves your creditworthiness and chances of getting a decent-sized home loan.


Once you have seen the kinds of homes available and their costs, you can start determining how much you can afford to spend. You will need to have sufficient savings to make the initial 20% down-payment of the total cost of the new home. The loaner banks pay the remaining 80%. Bankers usually recommend buying a home that’s 3-5 times your annual income.

Pre-approved home loans

This gives you a better idea of the price range of homes you can go for. A pre-approved loan is given without the selection of a property and is dependent on your financial health alone. The lending bank will need to know your income, liabilities, savings and investments, CIBIL score, etc, before deciding on a sum as a home loan. Being pre-approved for a loan shows the property developer that you are a serious buyer and might offer you more sops.

Home loan

Different banks have different rules and regulations regarding home loans. This includes important factors such as interest rates, loan processing rates and duration of loan periods. Shop around till you find a bank offering the most comfortable deals.

Play safe

Before applying for a loan, sit tight and don’t do anything to change your finances. This includes changing jobs, buying a new car or having huge bills on your credit card.

Go Home-shopping

You are now finally set for the fun part – going home shopping! Ensure that the home you finalize on is located in a good neighbourhood and has easy-to-access facilities like grocery stores, bus stops, good schools, etc. Divide your dream-home wishes into negotiable and non-negotiable needs. For example, the BHK is non-negotiable but the swimming pool is a negotiable factor…

Final Negotiation

It’s best to hire a property lawyer for the final negotiations and legalities involved in the change of property titles.


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A few of our inspiring projects

Apartments in Trivandrum

Being the state political capital, an educational hub as well as home to Kerala’s largest and rapidly-expanding IT hub, Artech has realized the growth potential of Trivandrum as a prime spot for real estate investment. Artech builders in Trivandrum offer a number of lavish and eye-popping apartment projects located in classy niche areas to inspire you.

Apartments in Thrissur

The city built around the base of a 65-acre hillock is steeped in rich cultural and spiritual history. Aside from being known as the cultural hub of Kerala, Thrissur is also known as a major business center. Artech offers Thrissur, one of its finest creations to-date, the Artech Gateway, featuring exclusive lifestyle apartments.

Apartments in Kollam

Located on the banks of the scenic Ashtamudi Lake, this ancient city dating back to the biblical times, has a strong commercial reputation. The verdant beauty of this city also attracts many people to set-up homes here. As flats in Kollam are in great demand, Artech Realtors have a number of luxurious projects offering superior homes with amazing blue vistas to its residents.

Apartments in Kottayam

Kottayam has always been at the forefront for education and literacy. Aside from this, it’s a peaceful town that thrives on commerce. Artech Realtors have given Kottayam their first taste of high-end luxury living with Artech Rio. The unending views of the surrounding greenery, the meandering river and outstanding amenities makes life in these classy apartments one-of-a-kind.

Apartments in Thiruvalla

Thiruvalla, which has earned the moniker the ‘Land of the NRIs’ is situated on the banks of the Pamba and Manimala rivers. With a paucity of suitable homes for the cream of the society, there was a glaring need for luxury flats in Thiruvalla. The blissful Artech Kaazhcha apartments offer an inspiring mix of high-end comfort and luxury.



The information provided on this website is meant for general guidance. Though we have taken utmost care on the accuracy of the contents, the customer should make an autonomous assessment of the contents. However, the prospective buyers should rely upon the terms and conditions of the sale and construction agreement between the Builder and the Client.

The visuals of the projects symbolize artistic impression only. The information contained herein including the fittings, finishes, features, floor size and color etc. in the visuals are subject to change. However, the plans & specifications indicated in the Builder and Client agreements are final and we have not authorized anyone to make any oral commitments or promises on our behalf in regard to the plans and specifications of the apartments/projects.

For any clarification please feel free to call +91 9847 600 600 or walk into our offices. Our representatives will always be at your service.