apartment

Buying apartment is an exhausting task and needs a lot of research to find a good one. Finding an apartment which suffices all your essentials is a great accomplishment. Some of the major things to know before buying a property of your own are:

  1.  Take legal assistance

It is imperative to check if the legal papers pertaining to the apartment are approved by the government. Accumulate all the legal papers from the concerned developer. Most importantly collect the clearance certificate. If you are a first-time buyer, it is best to consult a legal advisor to help you with the legal process. It clears all confusion – to make sure that the property papers meet legal requisites and government standards.

  1.  Know more about builders or developers

Whenever buying an apartment or property – it is good to know more about the history of builders. Check online about the previous projects of this builder and read reviews from different customers. Going through customer feedback can give you a clear picture of the standards of builders. If you planning to buy an apartment which is still under-construction mode. Make sure that the builders will finish the project on time to help you plan accordingly.

  1.  Give importance to location

To buy a new apartment – it is crucial to consider location. The apartment which you are buying is going to be your permanent residence. If the location is still under development – do a good research to know about the future development. Public transportation and connectivity to different hearts of the city – is vital to make your life easy. For a well-developed location, make sure the area is not too crowded – to cause dissatisfaction in future.

  1. Amenities

Amenities are essential for buying an apartment. Some of the main amenities to look for include: hospitals, public transport, grocery stores, schools, banks and many more.  If you are a family living with elderly parents – it is good to make sure that hospitals are close by. If you are planning for a kid or already having a kid – you should check for good schools around. This makes the everyday commute to school easier for kids.

  1. Know the different area terms

The area is always measured in three different terms which contribute to the total built-up space. It is necessary to know the difference between these three terms namely – carpet area, built-up area and super built-up area. Carpet area excludes the walls and measures on the area which can be covered by carpet. Built-up area adds up both carpet area and the thickness of walls. Super built-up area includes carpet area, built-up area and the common area like the corridor, lift, lift lobby etc. Be well aware that you are paying for the super built-up area and hence, choose wisely.

  1. Know the total budget

When you are planning to buy an apartment – be familiar with the market prices in that locality? Know if your builder is charging you the same market price or more than that. Also, consider the add-on prices which include: maintenance charges, service tax, registration charges, home loan processing fee etc. All this will come up to a huge amount.

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Buying apartment is an exhausting task and needs a lot of research to find a good one. Finding an apartment which suffices all your essentials is a great accomplishment. Some of the major things to know before buying a property of your own are:  Take legal assistance It is imperative...