Things You Need To Remember Before Buying A FlatrnInvesting in a new house or flat is one of the most important decisions of your life probably a dream that you have since a very young age. There is a chance that years of saving and years of planning can go wrong just because of a decision. If you live in Pune there are a lot of options while buying flats in Pune. Vivansaa has a wide range of flats in Pune.
Hence, you have to keep all possible points in mind before you take the leap and make a choice. You need to be extra careful as buying a house might also involve taking a good amount of loan, followed by monthly installments. Some of the important factors to be considered while investing in a new flat or house is location, possession date and price, some more parameters need to be looked in to, while purchasing a new flat.
Property Price
First thing, you have to fix a budget before selecting a house or a flat. It is essential to shortlist a house if you know how much you can spend on it. You have to compare the price of the property with the ones surrounding it to get an idea of what the builder has offered you. You can compare the properties in many ways like portal listings, brokers of the area or newspaper listings are such sources.
Flat’s built-up Area
Property’s area or the super built-up area is the entire area including shafts, elevator space, stairs, the thickness of walls and others. Still, the carpet area is known as the actual area between the walls of the flat. This area can be 30% lesser than the flat’s built-up area or the area used to calculate the price. In some cases, if the floor is shared between two owners, the price of the common spaces are shared between the two of them.
Land Record
It is important to know the land on which your flat is built. It is suggested to research the soil quality and topography of the land on which the house is constructed. Make sure the plot is clear of all dues and registered also. Check out if the title deed is verified or not as it gives all details on the rights, ownership, and obligations towards the property.
Financing Banks
Make sure you have read all the terms and conditions before applying for the loan. It is also important to check whether banks that are willing to fund the project you are planning to invest in.