Uploaded on Nov 27, 2019
Here we are sharing tips to be followed before buying a property, for more detail information and advice about real estate, visit https://www.kanakia.com
Things To Remember Before Buying A Property
Things To Remember Before Buying A Property
A house is not just a place to stay, but a place where
we feel at home. We all have a dream home of our
own where we wish to spend our lives, happily. But
when we consider the practicalities, it becomes quite
difficult to own a house. It involves a huge
expenditure which requires meticulous planning and
research beforehand.
2
Accessibility and convenience
It is always good to check for the developer’s past, present, his
credentials, reputation and history as a caution. It is a wise decision to
analyse and go for a renowned developer having positive reviews and a
good track record. Buyers must also focus on the quality of work the
developer does, what he promises vs what he delivers, his track record
and brand lineage.
3
Scrutinizing the proposed plan
Check each and every point keenly whether the amenities and offerings
promised are being fulfilled or not e.g. the layout, vastu, views,
ventilation, amenities planned, internal amenities provided, upgrade
from current home etc. Also, keep a record of the developer’s review to
cross-check that you are getting what you are paying for.
4
Developer’s background check
One of the most important checkpoints before buying a home is
checking the past records and the future prospects of the area. Paying
attention to the locality and the scope of its future progress. It is good
to be knowledgeable about its past prices to understand its growth
pattern. Other important points that should be looked into include
connectivity from your workplace/ schools/ colleges, proposed future
development of the location, accessibility to the nearby roads-railways,
the physical infrastructure of the area, and most importantly the safety.
5
Transparent paperwork
A buyer must not ignore this aspect as it could save some of your
money but you may end up in trouble afterwards. Prepare a checklist
of the things you should receive from the developer like the RERA and
bank tie-ups certifications or other certificate if any. Don’t forget to
insist on the developer on receiving the Occupation Completion
Certificate once the project is done. Check all the points before signing
the documents to avoid surprises later.
6
Thanks!
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