Important Things to Keep in Mind While Buying Apartments

Important Things to Keep in Mind While Buying Apartments
September 18, 2018 | Architecture

Thinking of buying apartments for your family? Contact builders in Thrissur for getting your dream apartment now! While it is quite exciting to buy a new home for one’s family, apartment-hunting turns out to be an equally daunting task. There are several factors that you need to consider in order to come up with the best apartment in your area.

If you wish to be the owner of some of the best apartments in Thrissur, you can contact builders in Thrissur who can help you out with the tiresome task. Investing in apartments is going to be a long-term investment, and therefore, you should never take it lightly. If you wish to ensure the best for yourself, here are some important points to keep in mind while you are buying apartments:

Price of the Property: While investing in real estate, the price of the property should be your topmost concern. It is vital that you should fix a budget before starting your apartment search. When you have a fixed budget in hand, it becomes easier to go through the list and then shortlist the options that are available out there. While searching for the right property in your budget, you can compare the prices of the property with the ones that are around from the reputable builders in the area.

Carpet Area of the Apartment: Mostly, the super built-up area or the property’s area gets listed as the entire area including the elevator space, shafts, stairs, thickness of the walls, and other areas. However, it is the carpet area that is the actual area that lies within the walls of the apartment. It could be 30 percent lesser than the overall built-up area or the overall area that has been used for calculating the price of the given property. You must inquire about the carpet area being provided to you by the respective builder.

Legal Check of the Property: If you do not wish to end up in any sort of legal trouble for yourself in the long run, you must perform the proper legal check on the given property. You must make sure that the particular property or apartment has been authorized legally to be constructed on the given plot of land. The builder must have received proper approvals as well as NCOs from the local area development authorities in addition to the water, electricity, and municipal corporation boards.

Builder-Buyer Agreement: When you go for buying a flat or an apartment of your choice, you can book it by offering some token amount. You then receive a proper allotment letter in return for the same. After this, a builder-buyer agreement is entered upon including the bank for the remaining amount of the property. You must read and understand the agreement properly before signing the same.

Ensure that you buy the best apartment of your dream with these points in mind!

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