Buying your first apartment in Dhaka is exciting—but also filled with risks if you’re not well-prepared. Many first-time buyers fall into avoidable traps that can lead to financial stress or disappointment.
Here are the top 10 mistakes first-time home buyers make—and how you can avoid them:
🚫 1. Not Defining a Clear Budget
Mistake: Jumping into property hunting without a fixed budget.
Avoid it: Calculate your savings, home loan eligibility, and monthly payment capacity. Factor in hidden costs like registration, utility connections, and maintenance charges.
🚫 2. Ignoring the Importance of Location
Mistake: Choosing a cheaper apartment in an inconvenient or undeveloped area.
Avoid it: Prioritize areas with easy access to work, schools, hospitals, and future growth—such as Bashundhara, Mirpur, or Uttara.
🚫 3. Not Researching the Developer
Mistake: Trusting unknown developers with your life savings.
Avoid it: Choose builders with a proven track record, legal transparency, and proper RAJUK approvals.
✅ Mollik Builders Ltd. ensures full legal documentation and timely delivery for all projects.
🚫 4. Skipping Site Visits
Mistake: Relying only on brochures or digital images.
Avoid it: Always visit the construction site in person to inspect the progress, materials, and surroundings.
🚫 5. Underestimating Additional Costs
Mistake: Thinking the listed flat price is all you’ll pay.
Avoid it: Include:
Registration and mutation fees
Utility connection charges
Parking space costs
Monthly maintenance
🚫 6. Ignoring Legal Due Diligence
Mistake: Not checking land ownership or building approvals.
Avoid it: Ask for:
Land ownership documents
RAJUK-approved building plans
Sales agreement and completion certificate
🚫 7. Choosing the Wrong Apartment Layout
Mistake: Picking a layout that doesn’t match your needs.
Avoid it: Consider:
Family size
Number of bathrooms
Ventilation and sunlight
Storage space
🚫 8. Delaying Decision-Making Too Long
Mistake: Waiting too long and missing out on the best units or price offers.
Avoid it: Do your homework quickly. Once you find the right apartment, make an informed but timely decision.
🚫 9. Not Understanding the Handover Timeline
Mistake: Assuming your flat will be ready immediately.
Avoid it: Ask for a written handover date, progress updates, and delay clauses in the agreement.
🚫 10. Not Consulting Experts
Mistake: Trying to handle everything alone.
Avoid it: Talk to real estate professionals, lawyers, or experienced family members. A trusted developer like Mollik Builders Ltd. can also guide you step-by-step.
🎯 Final Words
Buying your first home is a major milestone—don’t let avoidable mistakes ruin the experience. With proper planning, research, and support, you can confidently buy a flat that brings long-term happiness.
🔍 Looking for your first home in Dhaka?
Mollik Builders Ltd. offers secure, well-located, and high-quality apartments to help first-time buyers make the right decision.
👉 Contact us today to learn more or schedule a site visit.