Do Keep These Things In Mind Before Buying A Residential Property

Buying a house is not an easy task and a small mistake or negligence can become a huge problem for you. But before getting into this discussion you need to clear in mind that you are buying a property for a living or just an investment purpose. There are a lot of people who commit small mistakes and then all they have to do is take rounds on rectifying the problems.

This blog will simply educate you or make you understand how important it is to keep things in mind while heading out for a home hunt. So, this is a blog where we are going to list a few check-in points that you should tick before signing the papers/ documents.

Check the legality

First things first; your priority should be to check whether the property you are about to buy is legally approved or not. There are a lot of people who get played by sellers. So, if you want to stay away from any such problem, you should look for the title deed, commencement certificate, land use certificate, no objection certificate, and encumbrance certificate.

These are a few important documents that should be presented in front of you. And you should know their existence and ask for them. Be it a resale property or a new one, do not negotiate on the legal papers. Do check them thoroughly. If you don’t understand it properly, make sure that your lawyer does.

Run a background check on the builder

This is a very important point for you to consider. If you are buying a residential property that is constructed by not a big name then do run a background check. You should check all the previous records of the builder. How many buildings have they made and what is their reputation. These days you will find many ratings online and people talking about the property.

So, this is something on your plate and verifying your builder is very important. So do not miss out on this because if you do it will come back to you afterwards.

Make a cost estimation

The next thing that is very important for you is maybe to make a cost estimation before you buy an apartment or a residential property in Gurgaon. Making a cost estimation is important because it allows you to know what would be the rough amount that you will have to pay for a residential property. Now once you have done the estimation process your next step in the same point will be to check whether the builder is providing you with the property at a cost around that.

In other cases, it becomes the duty of the buyer that they ask for all the overhead expenses that have to be given while signing the papers. There are several overhead costs that the builders usually don’t tell the buyers. So make sure that you know each and every expense that you have to pay for before signing the papers of the residential property you are about to buy.

Check the location of the property

The next very important thing for you is to check the area around the property that you are about to buy. While checking the area around the property you need to look for the essential and normal important things like school, hospital, parks, mall, other similar places. If not today, all these things are going to be important for you at some point in your life. So it is better to check whether these places are available in the proximity of your residence.

Now you have to make sure that the property you are about to buy is going to be a good deal. For that, you will also have to check whether it is having smooth connectivity with the other important places in the city.

Conclusion

So if you are interested in buying one of the best ready to move residential properties in Gurgaon, these are a few things that you have to keep in mind before signing the papers with the builder.

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