9 basic factors to remember before buying flats

9 Basic Factors To Remember Before Buying Flats

Lifetime investment with a massive sacrifices can never be a wise decision to put all your savings at stake or sign on a bank loan impulsively only to buy flats.

Review The Credentials First: Buyer’s faces the loss if the project gets postponed and canceled due to lack of permit.So be sure the builder approves all major set of approvals,NOC from the authorities like civic,water ets and more.

Rely On The Banks For Funding:

Looking for purchasing flats then going for bank loan is a wisest decision.

Banks are open to accept the newly constructed or the under constructed apartments for a loan.

Scrutiny Is Not Enough: Ranging from the purchase of new flats to real estate property cross checking is never enough,need to go through track record of builder before setting down with your choice.

Check The Developer's Background : Checking the background of a builder is very vital in property purchase matter.Also make sure that the builder must holds good track record in the market.

Affiliation and Expandability Of The Project: Before buying the property check the authenticity of the financiers, title or approval carefully to avoid further troubles.

Scan The Specifications:

Monitor both the systemic and finishing specifications after the launch of the project regarding the flats.

Cost Of The Property: Compare the rates , facilities or values with other projects in the preferred location.

Highlight The Agreement of Buyer-seller : Always go through the vital points of interest, payment refunding clauses,penalty etc mentioned on the buyer-seller agreement.

Assess The Quality Of The Design And Area: Check throughly the layout of the flats like availability of sunlight, cross ventilation and drainage system.

To know more about this read our article.

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