Flat Buying Tips

Buying a flat or any property for that matter involves a significant down payment. Whether they be in the form of loans or EMI’s a good chunk is taken from your monthly salary account. We have to take in accord all these factors while investing. Here are a few tips that will help you when choosing your dream flat.

  • Affordable Pricing: Asses the budget of your property. Compare it with other neighborhood properties. See if the price is affordable with your current income package. Get a third party opinion of the price and the amenities that come with it.
  • Location of the Property: The area where the flat is situated is a big factor. The easy access of schools, hospitals, market and important road networks play an important role in this. The social and political background around the area is also extremely important.
  • The Fine Script: Always remember to read any and all document details regarding the purchase of your flat carefully. Hidden clauses and loop holes to increase the fixed price may be contained in the documentation. The date of project delivery and the procedures that precede it must also be carefully read before signing.
  • Additional Charges: The Builder will always find ways to get more financial aid from his investors. Not to mention club and association charges, community development charges, parking and registration charges; all this will be unexpected and definitely not cheap.