When you are buying a flat, you are putting your life savings on the line. If you are spending your life savings you would want the process to be as easy as possible. But more often than not the responsibility of making the process of home buying falls on the shoulders of the buyer because there are so many moving pieces involved in it. Everything that you decide to do in regards to property purchase would dictate how easy the process will be.
With that in mind, here are 10 tips that would help you have a hassle-free purchase experience.
- Look into the builder’s brand before you buy.
A flat is not just something that you buy to shade yourself. Flats have become a matter of prestige and what brand is attached to it would also dictate how good the flat is. The brand of the builder guarantees that you will get a flat without any hassle and the living space will be a blessing to live in. having a brand attached to your flat makes everything easier. When you are out buying a flat, make sure that you check for the brand of the builder as it will guarantee that you get the best deal for your money.
- Check for the Connectivity.
Supposing you are out buying a 1 BHK flat, you might have to visit the site multiple times during the buying process. Purchasing a flat in an area that is not easily accessible would prove to be a big problem for you even after the purchase is completed. Buy a flat in an area where you can travel easily and once you own the flat the commute to work should be just as easy. If you own a car look for flats near highways and if you rely on public transport look for flats near bus stops or train stations.
- Look into amenities present around the flat
Your home buying experience doesn’t end with the transaction rather it continues even after you own the property. To have a hassle-free life post-purchase, buy a flat that has a lot of amenities close to it. You should also look for what amenities you get in your locality, like a school, bank, shopping malls, and market. These things make the experience of buying a residential property worthwhile.
- Check for the resale market.
What is the point of buying a property that isn’t going to benefit you? Checking the resale market around the flat helps you understand the trends in prices and how difficult the process would be if you buy a flat there. Checking the resale market for real estate would also help you understand the gains you would have once you are ready to move and move to a new flat.
- Market research.
If you are planning to buy the flat as an investment, look into the market and price trends and average asking prices in the area. Doing this research would save you from getting duped by the seller and make sure you get the best prices. With prices in the city soaring high, there is no shame in penny-pinching and getting the flat for a bit cheaper.
- Make sure the area has Basic amenities.
The electricity problem is a thing of the past in Mumbai now but, make sure you learn about how frequently you get water in your new residential property. Some localities have a 24-hour water supply while some localities receive water on a fixed time from the government.
- Check for Amenities within society.
Luxury residential projects now have every amenity you could ask for. These amenities range from swimming pools to full country club experience within the bounds of the society. If you plan on buying a property make sure you also look into these amenities, this helps you gauge the seller and understand the level of competency you are dealing with. These amenities also add to the living experience in the new flat you buy. It makes sense to look and seek out these facilities because of the advantage.
- Check for the Construction quality.
As a flat buyer, you should be aware of what has been used as raw material while building your flat. Checking for the construction material helps you stay worried free. Checking the construction raw material of the flat helps you stay away from premature maintenance issues. These added costs won’t do your already deleting wallet any favour, would it?
- Condition of the road around society.
Traveling daily to home after a tough day at work and the condition of the road breaks your body sounds like you have bought a flat in a place. If you want to save yourself from this nightmare make sure you check the condition of the roads before you finalize the deal. A good road will guarantee that you have a great commute to and from work and happy life.
When buying a flat not knowing what documents you need is a recipe for disaster. Not knowing what document, you would need could lead to you being scammed or put into a situation that is not fun to deal with. You wouldn’t want to put through this predicament, would you? This is why knowing what document you would need to provide for your loan application and purchase and what documents you would need to collect from the seller to be the complete owner of the flat.
Follow these tips and a lot of your troubles when it comes to buying a flat would vanish.