10 Points to remember before buying a property

Acquiring a home is one of the huge investment you make in your life. You put all of your hard earned money, therefore make sure you seize all the procedures as well as perform the obligated research. Listed below are a number of issues that you need to question to possess a risk-free property deal.

• Inquire the building constructor in case he possesses all the clear papers associated with the construction. Also inquire about xerox of initial papers and have them confirmed by your personal property advocate. It should be considered safer to seize the guide of a property advocate. The charges are minimal as against the price of the residence.

• You should never enter into the transaction of the property in case the legal rights of property or land is unclear. In case legal rights is uncertain or alternatively sale able it is going to result in complications in yet to come days mainly because banking companies reject to provide home loan on this kind of components. Look for the guidance of the property advocate or move toward the banking companies to be aware of irrespective of whether the rights of the premises is evident.

• Think about the total value of the flat along with other expenditures accrued to own the same property . The purchaser is always updated concerning the saleable charges. You are required to evaluate the 'other' expenses engaged whilst purchasing the property. The other charges whilst buying a property or a home include car parking, floor rise, stamp duty and registration and service tax. Know more about the payment chart and also about the property maintenance charges.

• Before entering into the construction of the building the builder always has to present the layout to the authorities like TMC, BMC. You should request for a duplicate copy of such document.

• The developer has to go through the process of IOD (Intimation of Disapproval) where he/she has to develop the structure in the given time period. Inquire about the same.

• Water and power supply plays a huge role in our day to day life. Look for the nearby residential buildings and inquire about the water supply and power supply. If there are some negative answers. Then ask the developer about the same. Click here to know the disadvantages and remedies for voltage fluctuation.

• Many developers advertise with some additional amenities such as club house, swimming pool, landscape garden etc. Previous home buyers complain about the amenities not provided or created. Go for quality developers like Godrej, Lodha Group, Kalpataru Developers etc, so that you get such amenities when disclosed. Make sure the property or the building is not located near a dumping ground.

• Construction quality is one of the concerning facts and cannot be neglected. Look out for last developments from the concerned developer. Check whether there is are issues with lift, paint, cracks, leakages. Look for the internal amenities they have provided and check the quality.

• Although at long last purchasing, furthermore observe whether or not the majority of the above factors regarding aspects that facilitate are assured are likewise published right into the agreement for sale between the constructor and the purchaser.

• Before signing the sale agreement, let your property advocate know and go through the document.