subject: Important Tips To Buy Apartment From Builder [print this page] If you are really planning to buy a new home for your own use you will have to take care of numerous things which are not only very important to know but also if you ignore these things you will likely to be in harm somewhere in the almost biggest deal of your life. Knowing this fact we are trying to explain each and every aspect to you through this article. Here is the list of important tips below:-
Visit some builder projects and discuss with the flat owners about the construction of the flat. Ask them about the construction quality and time whether they have finished work on time.
Validate original land documents, construction plan and tax paid receipts for at least last 15 years. If there is any necessities to get the documents verified consult a lawyer.
It is always good thought to purchase flat when it is in the beginning stage of construction than a completed one as you can choose for amendments in the plan like remove specific wall, go for open kitchen, shift the entrance of any room to another place, get the separate pooja room, store room etc.
Natural lighting and air circulation are important things to be ensured while selecting flat. If you believe in Vastu then make sure that your Vastu requirements are fulfilled.
To make the best loan services try to approach 2 to 3 banks at least with the details and ask for loan. Some may refuse and give you some valid reasons.
Make sure you get everything written on paper (agreement) like whether wood work will be part of package, teak wood doors or normal doors, bathroom fittings of reputed make like or local make, etc. Builders promise so many thingsverballyand you may feel deceived later.
Always make sure you get everything written on paper like whether wood work will be part of package, teak wood doors or normal doors, bathroom fittings of reputed make like or local make etc. Builders give assurance for so many things verbally and you may feel deceived later.
Ask the builder about the provision for parking space, playing area for children and measurement of individual parking slots for the amount you pay for parking.
While construction is going on you do ensure that vitrified tiles are fixed properly since maximum times labourers are not very much expert and they leave a lot of things unfinished and you may have to redo the whole thing or live with it for the rest of your life blaming the builder.
Get your electricity bill relocated on your name before taking over the flat.
Make sure that the builders do not make any deviations in the original plan sanctioned. Usually they build extra flats on the terrace and make money out of them. This may also lead to dissolution of your housing mortgage by the bank.
Ensure whether the builder delivers security grille work for balcony and main door entry. Some builders offer them.
In the end, I would suggest never pay the entire amount of the apartment in the beginning until you get the possession of the flat. About 15% of the total money should be kept with you and pay that amount once you take the handover of the keys of the flat. Many people pay the entire amount in the beginning and they suffer the pain later while they have to follow-up for the little undo works in the apartment.
by: kamal bhatt
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