How To Find The Right Apartment In Dehradun?

1. How To Find The Right Apartment In Dehradun Buying a property is a dream for everyone; it is the ultimate nesting place where one feels secure and contented. Dehradun is fast becoming a first preference to buy a property in for a lot of people given its scenic location, presence of some premier institutions like Indian Military Academy, Rashtriya Indian Military College and Indira Gandhi National Forest Academy, and of course due to scarcity of residential space in the leading metropolitan cities of the country. However, there are several factors that go into helping you make the right decision. 1)The first check – Even before you start visiting the myriad number of properties listed in the Yellow Pages or online directories, it is best advised to do a little background check on the property. Real Estate is a flourishing business, which makes it easily prone to fraud. The best way to check for the authenticity of a project is to visit or contact a financial institution to check whether they approve of it or not. 2)Budget – Needless to say, one must always ensure that the property is well within the budget. Even if you were to take a loan from the bank for acquiring it, always assess whether the EMI after the loan is approved, can be borne by you. You could consider applying to various banks to get competitive rates instead of sticking to the one you hold an account in. 3)Location matters – The location of the project directly influences its appreciation rate. Hence unless you haven’t inherited a plot from someone, ensure that you assess this aspect carefully. Look around for the existing infrastructure and amenities. If the area is yet to be developed, research those that are planned like Metro connectivity, schools, and commercial complexes. It is also a good point to consider to evaluate your commute time to work from the property. 4)Documentation and details – Once you have narrowed down your search to the dream project, check with the builder about documents like Commencement Certificate, Intimation of Disapproval, drawings and development agreement. Meanwhile, also check with them about the intended completion date and the builder’s financial liability in case of delay in completion. This point is usually covered in the Development Agreement. It should also be of interest for you to know certain details such as carpet area, super built up and built up area. These will determine the actual size of the apartment and you won’t be disheartened or shocked in case the apartment is smaller than expected.

2. 5)Hidden costs - Many a times, buyers have been taken by surprise by the final cost incurred when buying an apartment. You need to factor in costs like parking space, utilities, taxes, registration fees, and other taxes as these can considerably increase the final amount to be paid. 6)Constructed properties – If you are going in for a constructed property, ensure that the property seller has the legal rights and the required documentation. Check whether the property taxes have been already paid and that the property adheres to the municipal standards to avid inconvenience later. Buying a property is a dream for all, but it can also be daunting task. Do your research carefully to ensure that the dream comes true with ease.