Buying a home is tricky. Owning a space of your own might cost your life savings. Investing in a property is a long term involvement and the feeling is quite overwhelming. In this competitive market, finding a home within your budget in your suitable location is already quite a task. In spite of that, great facilities, best-in-class amenities, suitable location – are not enough to seal the deal.
Since the real estate properties are not standard products, it is very critical to know the right questions to be asked from your builder before purchasing your home. There might be some issues which must be known to you but nobody would tell you until you directly ask. Estate agents are legally bound to tell you the truth, so you just need to ask the right questions. Let us simplify this for you:
What is the legal status of the property?
Of course, you don’t want to invest in a troublesome property. The builder should purchase the land directly from the landowner and start constructing. Trouble arises when small or local builders enter into a joint development agreement with the landowners. This process might involve a lot of legal flaws which ultimately lead to much delay. Ask for proper documents and plan of the project to have a clear idea.
What is the actual price?
The actual price of the property depends on many important factors. 2/3 BHK flat in Topsia will, of course, be more expensive than the flats in the suburbs with the same amenities. If living in the heart of the city is your first priority, then consider to buy smart apartments near Topsia Kolkata as various connectors and easy convenience makes it a superb place to live. Cost of the property would include utilities like parking space, water supply, electricity, various taxes, registration charges etc. Before buying, ask for the actual price so that after that you don’t have to pay some added money for which you would not be prepared.
How long has the property been on the market?
There might be several reasons behind a property is not selling. Is the property overpriced? the drainage system not proper? Is there a waterlogging problem in the area or any news about breaking a disease in that particular area? Can all the amenities that are promised be availed? A property left on the market for months means the seller may accept a lower price to sell it off. There are a few areas in a city where residential flats are sold like hot cakes. For example, if you have plans to sell your house someday, owning 3 BHK residential flats in Tangra Kolkata, would be the best idea as you don’t have to worry much while selling it.
4.What about the builder?
You have every right to inquire and investigate the builder – what are the projects completed in the past, how much time it took, did they receive any completion or occupation certificate, etc. Reputed builders keep updating about the projects on their website. For example, if you want to check about Amarana Residences in Tangra, all the information you need about the project and builder are just one click away on their website.
How is the neighborhood?
The first people to call out during an emergency are the neighbors. Are you going to be surrounded with helpful neighbors or people who will turn a deaf ear to your emergencies? How is the crime rate in the area? What are the unfortunate incidents happened in the past in the area? No matter what your builder tells you, do your individual research.