Consider this before buying a property
While locating a property, the buyer needs to be clear whether the property is only for investment purposes or for actual use. If the property you are buying is for actual use then you need to consider whether that area has sufficient infrastructure.
This will include:
Power back up
Hospitals and other health centers or clinics and chemist shops
Fully landscaped (optional) etc.
The wide range of properties offered for sale and with various attractive facilities lures the buyers and are sometimes misleading also. Just set your eyes on a reliable builder and identify the property, which have least risk involved.
Making the right choice
Investing in a landed property is a major financial commitment for every family, hence one needs to put in a great deal of thought, consideration and planning while thinking of buying a property. Today, the choice of landed property is diverse ranging from plots/land, flats/apartments, individual villas, twin villas, duplex houses etc to mention a few. Before finalizing on any project or property that you like, it is necessary to study and investigate the desired property on the following parameters. This is required to ensure that you do not encounter any unforeseen problems or legal hassles after you have acquired the said property.
Ensure that the real estate developer you have chosen is reliable. This can be done by looking into their previous projects and company track record.
Make sure that the property that you are looking to purchase is approved and possesses a clear title and sale deed. While purchasing flats and villas ensure that the project is CMDA approved and also that the building plans are as per government specifications.
Study the project layout and project specifications in great detail to ensure that you are thoroughly comfortable with the services being offered.
Approach banking institutions before hand to enquire into the prospect of securing a home loan if required.
Your home is a valuable investment; secure it with a suitable Home Insurance Policy. Home insurance policies protect against various natural and man made disasters including – thefts & burglaries, fire, earthquake, floods, explosions etc.