Buying a flat or a house for an average Indian is a big deal and hence, it is necessary to make sure you don’t make any mistake while choosing your dream home. Whether you are a person buying a property for the first time or whether you are a real estate ninja, there are some rules that you absolutely must follow to make a wise investment.
We, at Karmaa Group strive to ensure that our buyers get the best there is in the market for them. Hence, we present a few tips that all house hunters should keep in mind. While these topics are aimed at flat buyers, especially those looking to buy 2 bhk apartments in Nashik, the facts remain the same for all.
So, if you are someone who is planning on buying a flat, these are the things you should keep in mind to make a wise choice.
- Know the price:This is something that many, many people fail to understand while choosing a property. People tend to fall for the price mentioned in bold but they don’t research into any other charges until later. It is important to know exactly what is the amount that you have to pay, in total. This includes all the hidden charges, any sur charges, any extra charges for facilities like parking, community hall, etc. So, the advice, do your research thoroughly and read that fine print.
- Research the plot:While buying a flat it is imperative to do a legal check of the plot the building was built on. Even more so if you are buying a new residential building. Go through not only the ownership papers of the plot but all the approvals and the NOCs that are granted to a builder by different administrative offices of the city before a building could be constructed there. If the seller fails to provide these, then it would be wise to look for a home elsewhere.
- Bank finances and loans:Whether you are planning on taking a loan or not, it is always wise to approach a few different banks and get an idea if they are willing to finance the particular building and the builder or not. Banks are very thorough with their background research before they finance a property. If the people at the bank say no when you qualify for the loan then it is a red flag that they found something that may cause trouble in the future or has caused trouble in the past. Best course of action would be to avoid such properties.
- Location of the place:While solace has been romanticized a lot, when it comes to buying a flat, it is important to be right in the middle of everything. Not only does it provide you with a better sense of security but proximity to transit stops, schools, malls, main roads, landmarks, etc., greatly improve your quality of life. Along with this, the topography of the place, quality of soil, water level, etc. all matter. Hence, the location of your property is a very important factor and in turn greatly affects the price.
- Read the fine print:The figurative fine print includes a lot of things when it comes to buying flats. Area? Are you falling for the super built up area or you know the actual carpet area that you will be paying for? Have you read the buyer-builder agreement, clause by clause? Do you know all your rights? Have you clearly understood each step of the process of buying the house? If not, you need to.
For us, selling a “2 bhk in Nashik” is not the goal. Our goal is to have a happy, satisfied customer at the end of one of the most important transaction of their life. Therefore, we hope to help the customers make wise decisions at every step of the journey that takes them closer to their forever homes.