10 Factors you should Consider while Buying Ready to Move in Flat

1. 10 Factors you should Consider while Buying Ready to Move in Flat Before you buy ready to move flats, research the market to make sure you are getting value for money. Talk to independent real estate agents, and check recent sales in the area. Don’t rely on advice from the developer or their agent. This is particularly important if you are buying off the plans. You want to know that the value of the finished apartment will reflect at least what you paid. Check that the property you are interested in is close to the facilities you require., for example shops, public transport, parks, hospitals, schools, work, gym, etc. – An important tip if you want to buy ready to move flats: 1.Once you have selected the property you want to purchase, you need to verify all the documents. This includes the Title deed, Commencement certificate, Completion certificate, Occupation certificate, etc. For more details on important documents, you can watch this video. It is short and informative. 2.After finalizing the property and confirming that all the approvals are in place, make a list of banks that are ready to finance your project at the lowest interest rates. 3.Do not trust the broker completely. Many times they do not inform you about the miscellaneous cost involved like development charges, parking/club/preferential location charges, etc. 4.Confirm if there is any land dispute. It is also recommended that you conduct extensive verification of the builder, his past record, etc. 5.Experts believe that many people commit a mistake by purchasing a property thinking they will rent it to pay EMIs. The rental income is generally only 2-3 per cent of the EMI. Furthermore, the property may remain empty for a long period before you can find a tenant. 6.Choose the EMI plan smartly. There are plans like a down-payment plan, flexi-payment plan, possession-linked plan, and construction-linked plan. Analyze the pros and cons of each before making a decision. 7.Before going for the apartment, ensure that you have calculated how much area you need to build your dream home in. Then check for the locality and area surrounding the house if it fits your needs. 8.Sometimes the layout given in the brochure is different from the property in reality. So do visit the property before finalizing it. 9.Check if any infrastructure development is associated to the location of the property. This can be helpful in shooting up the return on investment. 10.What are the maintenance charges? Many people don’t think at this aspect when they buy a new apartment. They will normally cover the property tax, municipal tax, assessment

2. tax, water charges, elevator charges and charges for hired help, like the garbage cleaner and security. Find out how much is the maintenance charge, what is includent and now included in the charge. For example, car parking charges may be separate. Posted 5th April by Mapsko Group