Buying your first home is excitingbut it can also be overwhelming. Many first-time buyers rush into deals without understanding what theyre signing up for. From hidden charges to unclear builder promises, the fine print can cost more than just money.

Here are five things most homeowners only realise after the purchase shared so you can avoid the same mistakes.

1. The Price in the Ad Is Just the Beginning

That ?60 lakh onwards headline? It rarely tells the full story.

By the time you add:

• Floor rise charges
  

• Parking fees
  

• Clubhouse and amenities fees
  

• GST (if under construction)
  

• Registration and stamp duty
  

your ?60 lakh flat might actually cost closer to ?7580 lakh. Many buyers wish they had asked for atotal cost breakup upfront instead of budgeting just for the base price.

2. The Carpet Area Is Smaller Than You Think

You may be shown a 2BHK flat with 1,100 sq. ft. of super built-up area. But the actual carpet area (usable space inside walls) might only be 700750 sq. ft.

Builders often include staircases, lobbies, and walls in the advertised size. First-time buyers are frequently surprised at how compact the flat feels once its built.

Always ask for:

• Carpet area in writing
  

• Floor plan with dimensions
  

• Sample flat access (if possible)
  

3. Builder Reputation Matters More Than Discounts

A flashy discount or offer may look tempting, but buyers often regret ignoring the builders track record. Issues they face include:

• Delayed possession
  

• Poor construction quality
  

• Legal disputes
  

• No occupancy certificate (OC)
  

Look beyond the ad. Check online reviews, past project timelines, and RERA registration status before committing.

4. Loan Eligibility Isnt the Same as Affordability

Just because the bank says you're eligible for a ?70 lakh loan doesn't mean you should stretch for it.

Homebuyers often find themselves struggling with:

• High EMIs
  

• Additional monthly charges like maintenance and property tax
  

• Unplanned expenses after moving in (furniture, interiors, etc.)
  

Budget for comfort, not just for approval.

5. Possession Date Isnt Always the Delivery Date

Many builders advertise a "possession in 24 months" timelinebut the reality is often different.

Delays can happen due to:

• Construction issues
  

• Approval delays
  

• Material shortages
  

• Labour or weather-related interruptions
  

Make sure your Agreement for Sale has a clearly stated possession date with penalties for delay. Check if the project has already received all key approvals, like building permits and environmental clearance. Buying your first home doesnt have to be overwhelming, Let Beegru guide you through the process with clarity, confidence, and zero pressure.

FAQs: What First-Time Homebuyers Often

Overlook

1. Is stamp duty and registration included in the flat cost?

No. These are usually extra and vary by state. In Karnataka, for example, stamp duty is 5% and registration is 1% of the property value.

2. Can I negotiate with the builder?

Yes. Especially in under-construction or newly launched projects, you can often negotiate on floor rise charges, parking, or interior upgrades.

3. How do I know if the builder is reliable?

Check their RERA number, visit past projects, and read buyer forums or reviews on neutral platforms. Timely possession and construction quality are good indicators.

4. Should I buy directly from the builder or through an agent?

Both can workjust make sure you get everything in writing. Agents may help with price negotiation, while buying direct often means fewer middlemen.

5. Are there hidden costs I should be aware of?

Yes. Common ones include electricity deposits, water connection charges, legal documentation, and move-in charges. Ask for a full cost sheet.