Think long-term: Are you looking for a house with the idea of shifting base in a few years or do you hope to stay in this home longer? This decision may dictate what type of home you will buy as well as type of home loan model you take.

Do not over-extend your resources: If you stretch yourself out to buy the biggest home you can afford, you'll have no money left for maintenance, decoration or to save money for other financial goals.

It's very important to buy a home that will go up in value: Slow, steady home appreciation has been the rule for most of our recent history, and many investors in real estate have come to be regarded as canny and shrewd, besides doubling their assets.

Never be naïve: It's important to inspect the home from checking little things like the taps, quality of tiles and paints, to more relevant details such as if the society is registered, and taxes are paid. Ignoring any such detail can leave one in jeopardy.

Learn as much as possible about the seller's circumstances: In case of release homes make sure the cause for it going on the market are authentic - not unregistered society, tax being due, leakage and water shortage or any other crises..