First-Time Home Buyer Checklist: 20 Things You Must Do Before Signing
A comprehensive checklist every first-time home buyer in India needs. From financial preparation to final registration, don't miss these critical steps.
KASDEALS Editorial
December 30, 2025·4 min read
Introduction
Buying your first home is one of the biggest financial decisions you'll ever make. In India, where real estate transactions involve multiple stakeholders and complex documentation, being prepared is essential.
This checklist will guide you through every step of the home buying process.
Financial Preparation
1. Check Your Credit Score
Before approaching any bank, check your CIBIL score. A score above 750 gives you access to the best interest rates. You can check your score for free once a year from CIBIL's website.
2. Calculate Your Budget Realistically
Use the 40% rule: Your EMI should not exceed 40% of your monthly income. Factor in:
- Down payment (typically 10-20%)
- Registration charges (5-7% of property value)
- GST if buying under-construction (5% for affordable, 12% for luxury)
- Interior and moving costs
3. Arrange Down Payment
Most banks finance 75-90% of property value. Start saving early or liquidate investments strategically.
Property Search Phase
4. Define Your Requirements
List non-negotiables vs nice-to-haves:
- Location and commute time
- Size (BHK configuration)
- Ready-to-move vs under-construction
- Amenities needed
5. Research Localities Thoroughly
Visit the area at different times:
- Morning rush hour (traffic)
- Evening (noise levels)
- Weekend (parking situation)
- Monsoon season (waterlogging)
6. Check Future Infrastructure
Research upcoming:
- Metro lines
- Highways and flyovers
- Commercial developments
- Schools and hospitals
Due Diligence
7. Verify RERA Registration
Every under-construction project must be RERA registered. Check on your state's RERA website:
- Project registration number
- Completion timeline
- Builder's track record
8. Title Verification
Hire a lawyer to verify:
- Chain of ownership (minimum 30 years)
- No pending litigation
- Clear title with no encumbrances
9. Check Approvals
Ensure the project has:
- Building plan approval
- Commencement certificate
- Environmental clearance (if applicable)
- Fire NOC
10. Verify Builder Credentials
Research:
- Past project deliveries
- Quality of construction
- Customer reviews
- Financial stability
Legal Documentation
11. Review Sale Agreement Carefully
Pay attention to:
- Payment schedule
- Possession date with penalty clause
- Carpet area vs super built-up area
- Specification of fittings
12. Understand All Charges
Beyond the base price, clarify:
- Preferential location charges (PLC)
- Floor rise charges
- Club membership
- Car parking (covered vs open)
- Maintenance deposits
Home Loan Process
13. Compare Multiple Banks
Don't just go with your salary account bank. Compare:
- Interest rates (fixed vs floating)
- Processing fees
- Prepayment charges
- Insurance requirements
14. Get Pre-Approved
A pre-approval letter:
- Shows sellers you're serious
- Locks in interest rate temporarily
- Speeds up final approval
15. Read the Fine Print
Understand:
- Reset clauses for interest rates
- Conditions for top-up loans
- Foreclosure terms
Physical Inspection
16. Inspect the Property Thoroughly
Check:
- Wall cracks and dampness
- Plumbing pressure and drainage
- Electrical fittings and earthing
- Window and door quality
- Ventilation and natural light
17. Verify Measurements
Measure the actual carpet area yourself. It often differs from what's promised.
Final Steps
18. Negotiate Effectively
In a buyer's market, negotiate:
- Base price (5-10% discount possible)
- Free parking or club membership
- Waiver of floor rise charges
- Better payment plan
19. Registration Process
Be prepared with:
- ID proofs of all buyers
- Address proof
- PAN cards
- Passport photos
- Stamp duty amount (varies by state)
20. Post-Purchase Tasks
- Get possession letter
- Transfer electricity and water connections
- Update address in all documents
- Get society NOC if applicable
- File for tax benefits under Section 80C and 24(b)
Conclusion
Buying a home requires patience and thorough research. Don't rush the process, and always seek professional help for legal and financial matters. A well-informed buyer is a protected buyer.
Written by
KASDEALS Editorial
Expert contributor at KASDEALS, providing insights and analysis on India's real estate market.
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