Important Things to Remember When Buying a Flat If you look around in many cities you will discover that thousands of new properties are coming up every day and if you have always dreamed of owning a place to call home, you must be wondering whether it’s not the right time to do so. With cities growing at the rate that they are, there is such a large demand for houses and since the land area remains to be the same, residential flats are becoming the order of the day. Many young professionals are moving into these flats with their families especially when you consider the sense of security that living in such a small community gives to the residents.
Even though there are many residential flats coming up in most major cities, investing in a home goes beyond just locating an apartment block that looks good and where the price is just right. There are different important things you need to keep in mind when making a decision: Price is not everything: When buying a residential property such as a flat, you cannot just make a decision based on the sales price alone. You must remember that there are different other expenses that will eventually burn a hole in your wallet. You must also include other expenses such as property taxes, VAT, service taxes and annual society expenses. Failing to consider these and other expenses will come as a surprise to you and, as a result, they must always be put under consideration. Know the builder: The residential flat you are buying will be your home for many years or until you decide to sell it and move somewhere else. It is therefore important for you to know the state of the building and whether it was don professionally. You don’t want to purchase a house where the contractor is not reputable or one who is known to cut corners in order to
make a saving in terms of materials. Tyr and get as much information as possible and if you can do join a forum where you can speak to and exchange ideas with other potential home buyers. Consider soft launches: When you are sure that the residential flat you are interested in is structurally sound and will be good value for your money, you may want to look out for different ways you can save some few hundred dollars. Soft launches are among some of those times; this is a time where the property developer gives a certain discount especially at the beginning of the sale in order to gauge the reaction of buyers or attract some attention. Most people who buy flats during soft launches can get discounts of between 10% and 15%. Location is important: This is an extremely vital point especially for first time buyers. You must carefully consider the area where the flat is built and consider whether there is a possibility for its value to ascend. Check out on other upcoming properties surrounding it and whether it is close to social amenities such as recreation centers, shopping malls, schools etc. About the author: This article has been written by Mohit Jain who has written various articles on real estate investment and real estate buying tips. He is currently writing for Ruchi Realty, a leading real estate company in India with an upcoming residential property in Kolkata – Active Greens. Active Greens are 2 stunning residential towers with blue pool, green gardens and a great life. In case you are looking for Flats in Kolkata then this project is a premium choice for new and existing home owners alike.