7 Common Mistakes to Avoid While You Buy a House in Nepal

Like everything else, there are things you should do and things you should not do while buying a house in Nepal. Well, we have already discussed the things you should ask while buying a home in Nepal, and so today, we present the latter.

Well, here are some common mistakes to avoid while you buy a house in Nepal.

Common Mistakes to Avoid While You Build a House

Not Working with a Registered Real Estate Agency

This is the biggest mistake that people make while they buy a house in Nepal. People not working with a government certified registered real estate agency. And it is the single most reason people complain about real estate agents commission rate and frauds. Working with a registered real estate agent means you will be working with a government prescribed company/ firm so it will be more comfortable, cheaper, and secured for you while buying a house.

Not Being Patient

Another problem we see is that people are not patient. Many seem to make their mind on the first property they see without assessing other available houses. So, what we recommend to you is that you should never buy a house if you didn’t quite like it on the first time. There are plenty of fishes on the sea, so, never make a hurried decision

Letting Heart Do the Thinking

Sometimes, you seem to love a house so much that you seem to be desperate. You are ready to give any price the owner asks, and you tell it to them. Well, this is one thing that you need to avoid. During the negotiations, don’t ever give the vibe that you willing to do anything to get your hands on the building. It will make the house more expensive.

Not Putting Proper Care on The Budget

“Ghar jasto kura, kinda kheri mahango ta vaihalcha ni.” Well, that statement is partly true, but it doesn’t define the entire process of buying a house. Even if you are spending quite a lot of money, you will still need to be considerate of your budget. While buying a house or paying your agent, justify every penny that you pay- this also includes in the registration process.

Not Hiring a Lawyer

This another mistake to avoid while buying a house in Nepal. If you are working with a registered real estate agent, it is fine, but if you are not, then you will need to find a lawyer. You already know about the fraud cases happening while buying house and land in Nepal, and to make sure you avoid any problems like that, you will need to hire your lawyer and make them verify every paperwork thoroughly.

Not Thinking About the Value

Let us be honest. We Nepalis don’t know a lot about investing. Of course, not all of us, but for many of us, money is just a thing that comes by if we are lucky enough.

While buying a house, don’t just consider the price of the home, but also what it will amount to in the upcoming years. For example, you could pay three crores to a real estate which in the next five years will value up to five crores. While at the same time, another very similar house, which has the value of 4 crores, in the next five years will turn to be seven crores

Using Up all Your Money

Well, even if you have a stable source of income, only buy a home if you have enough money to fulfill your basic needs for the next two years. Or, consider buying your house just if you have insurances and such. It might seem silly when we are saying this to you, but we have seen a lot of instances when people buy a house and immediately sell it in a few months because of such problems.

Well, these were the mistakes you should avoid while you buy a house in Nepal. You can visit our listings to find the best homes and apartments for sale in Kathmandu, Bhaktapur, Lalitpur, Chitwan, Pokhara and other parts of Nepal. Also, you can contact us for further help.