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Factors To Look For While Buying Flats Or Apartments

Posted on the 18 October 2016 by Makably

Owning an apartment has been the dream of middle-class families in India  as well as the status symbol for a well settled young Indians. However many people in their haste to acquire an apartment don’t pay attention to all the important points , they should have considered early on. It is true that buying and owning an apartment is not an easy task as it requires to take care of a large number of issues. But as it is said prevention is better than cure. So buyers should worry about some of these details right from the beginning, to prevent issues from occurring after they have paid for the apartment.

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If you are looking for Best Apartments in Mangalore then you may check this page otherwise Some of the issues that should be looked keenly before making the purchase are listed below :

Budget

Budget is one of the deciding factor for the apartment. A budget should be set before looking for the apartment so that it becomes easier to look apartments in the same range with minor hiccups. One’s income and savings should be considered in this matter.

Location

Location of one’s apartment also a deciding factor. It should be well checked that the all utilities are with in the walkable distance : general stores, hospital , schools. It should be made sure that there is not a sewage dumpster nearby or around.

Construction Parameters

All the features and technical facilities about the apartment should be enquired about in detail as the buyer has all the right to know  how safe and well his apartment was.

Legal Dispute

Buyer should enquire about the disputes regarding the plot of land on which the apartment stands. you can ask about these documents from builder or the construction company.

Bank Loans

If you want to take up a bank loan for the apartment ,you should get into the details of it beforehand or can get yourself help from some mediators who have tie ups with the bank.

Expected Possession Time

One should enquire before time with developers about the time the apartment will be held to the buyer and developer should provide a written agreement.

Price Comparison

Compare the properties in the same price range and look for the apartment with best amenity, facilities and best pricing.

Builder Credentials

You should do a background check on developer without getting into the legalities of buying first as it never hurts to be cautious.

Keep Searching

Keep an eye on more than one option so that if prospects don’t look good, you can move on to the another option and you can also save some money this way.

Thanks!

🙂


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