A house is not just a place to stay, but a place where we feel at home. We all have a dream home of our own where we wish to spend our lives, happily. But when we consider the practicalities, it becomes quite difficult to own a house. It involves a huge expenditure which requires meticulous planning and research beforehand.
One of the most important checkpoints before buying a home is checking the past records and the future prospects of the area. Paying attention to the locality and the scope of its future progress. It is good to be knowledgeable about its past prices to understand its growth pattern. Other important points that should be looked into include connectivity from your workplace/ schools/ colleges, proposed future development of the location, accessibility to the nearby roads-railways, the physical infrastructure of the area, and most importantly the safety.
It is always good to check for the developer’s past, present, his credentials, reputation and history as a caution. It is a wise decision to analyse and go for a renowned developer having positive reviews and a good track record. Buyers must also focus on the quality of work the developer does, what he promises vs what he delivers, his track record and brand lineage.
Check each and every point keenly whether the amenities and offerings promised are being fulfilled or not e.g. the layout, vastu, views, ventilation, amenities planned, internal amenities provided, upgrade from current home etc. Also, keep a record of the developer’s review to cross-check that you are getting what you are paying for.
A buyer must not ignore this aspect as it could save some of your money but you may end up in trouble afterwards. Prepare a checklist of the things you should receive from the developer like the RERA and bank tie-ups certifications or other certificate if any. Don’t forget to insist on the developer on receiving the Occupation Completion Certificate once the project is done. Check all the points before signing the documents to avoid surprises later.
Before signing and buying a home also check for your future finances, loan eligibility, stamp duty and registration fee, additional costs, property insurance, your tax planning and the resale value of your property. After all, it is the place that will be giving you the best feeling so a keen eye on every aspect will yield you the best.