This year I bought an apartment in Bangalore. It's critical to have thorough knowledge of the property purchasing process and to create a pre-possession checklist, particularly when it comes to selecting the ideal property and selecting the ideal builder. Before buying a property you can ask as many questions until and unless you are completely satisfied. As I have already gone through this process, I can assist you with a list of questions to ask when getting an apartment.
What to ask when buying an apartment building?
- Is the location of the project a rapidly developing area?
Checking the home's floor plans, location, general neighbourhood, road accessibility, and the distinction between an ordinary and a luxury property are all advised.
- What is the actual cost?
In addition to the price of the building itself, there are other costs to consider when purchasing a property. To better understand the costs you may face, enquire in depth about the cost breakdown.
- How good is the quality of the construction?
Take a tour of the property and its surroundings, particularly if it is still being built, to better gauge the quality of the work.
- Will the delivery be as per schedule?
With the introduction of RERA compliance, this has gotten a little bit simpler, but one needs make sure the builder follows the RERA rules in order to achieve the projected completion date.
- What is the real size/area of the property?
Developments are priced according to the carpet area of the property rather than the built-up space, as per the recently established RERA criteria. Make sure the developer has priced the property based on the carpet area before you take the plunge and decide on your house.
- Are the official/legal documents made available?
Some of the vital documents are:
The Title Deed
Encumbrance Certificate
Property Tax Receipts
The Release Certificate
Building Completion Certificate (BCC)
Local Municipal Corporation approvals
RERA certificate
Commencement Certificate
Building Approval Plan
- Is the builder reliable?
Its better to do a background verification of the builder’s previously constructed projects.
- What facilities and amenities are you really getting?
Verify that you are receiving all the services and features that were promised. You can decide this with the aid of a site inspection. Checking things like fire alarms, a garbage chute system, parking spaces, elevators, and power backups are among the most crucial features.
Apart from these queries that one must ask while buying a property, I’d like to highlight what to ask when moving into an apartment or renting an apartment.
What to ask when looking for an apartment?
Is the security deposit price reasonable?
The date the rent is due. How frequently does it rise?
What services does the place offer?
Is there a gas pipeline inside the home?
What is the consequence for violating any provision of the contract?
What kind of people live in the neighbourhood? How secure is the building?
What are the guidelines for visitors and guests?
When will the security money be reimbursed once the property has been vacated?
Is there a place for free parking?
How much change am I allowed to make inside the rental home?
What are the pet policies for the building/landlord?
How old is the structure?
Is the landlord ready to paint or make repairs to the home?
I hope this answer suffices your query about the list of questions to ask when getting an apartment. I hope this helps:)
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What to Ask When Moving into an Apartment?
Sahil
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2023-05-30T16:41:13+00:00 2023-05-30T16:48:50+00:00Comment
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