Buying a house is a really important decision and it is important to choose a flat or an apartment that best suits your taste, lifestyle and family. While there are many things to look after while buying a flat or an apartment, here are a few important points that you should consider:
Budget
Before you even start searching for a flat or an apartment, it is very important to have a fixed budget in your mind. This will help you save a lot of time and efforts in shortlisting the properties.
Location
Next is the location. Choose a location which suits you and your family best. Check how far is your as well as your spouse’s office from the location. Also, consider if there are facilities like medical care and educational institutes in the nearby locations.
Location also plays a critical role in determining how well the property appreciates in the years to come.
Built-up Area
Always check for the built-up area. Usually, when you enquire about a flat or an apartment, you are informed about the super built-up area of the property. The actual area is normally 30% less than the mentioned area.
Land Records
Before buying a flat, always check if the land is legally owned by the said owner. Check for the title deed if possible. Also, check if there are any land disputes. If there are any such issues, avoid buying such properties.
Security and Safety
Another important thing to consider is the security and safety of the apartment. Always prefer a gated community which has CCTV installed in the society. I
Builder’s Reputation
This is important because, after a few years, there might be some issues like cracks in the wall, leakage in the ceiling and so on. So it is better to check the builder’s reputation beforehand.
Finance
Last but the most important, finance. Ideally, people take a home loan from a reputed bank to buy a flat or an apartment. But, it is important that you know that, majority of the banks can provide you with a home loan up to 85% of the total amount. So it is important that you have already saved 15% beforehand.
Apart from this, you can also consider amenities provided, locality, mobile network availability, connectivity to other parts of the city and so on.
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What are some of the things important to be considered while buying a flat or an apartment?
asok
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5 Year
2020-08-24T07:22:06+00:00 2020-11-18T21:49:21+00:00Comment
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