It is needless to mention that buying a home/property is one of the biggest decisions of your life. Just a small mistake in this can cost you heftily in the long run. Buying a house might also involve taking a good amount of loan, followed by monthly installments out of your income, so you need to be extra careful.
Here are some of the things which you must remember before buying a property –
Price of the property –
The first and the most important thing when selecting a property is to fix a budget. It will make it easier to shortlist a house on the basis of the amenities and facilities which you are looking for. You can compare the price of the property in question with the ones surrounding it. This will help you to get an idea whether the price of the property is worth it or not.
Carpet area –
It must be noted that a property’s super built-up area that is listed also includes elevator space, shafts, the thickness of walls and others. Carpet area is the actual area which you get. This area can be way lesser than the built-up area or the area that is included in the price of the property. So, it is necessary to determine the carpet area of the property.
Cost of amenities or facilities –
Builders would charge an extra amount for amenities and facilities like car parking, water, electricity, etc. The charges would cost anywhere between 5% to 20%.
Location of the property –
It is necessary to look around the area where you are planning to reside in. You must check whether the property is nearly located to basic amenities and physical infrastructure or not. The location of the property must also be safe, secure and peaceful. Suppose, you are planning to purchase a real estate property in Kolkata, you must check whether the property is located near to the market area, malls, has proper transport facilities or not.
Land record –
The land on which your property is built is very crucial. You must do thorough research about the soil quality and topography of the land on which the property is constructed. The land should also be free from any legal problems and be registered. It does not matter whether you are purchasing a flat in Kolkata or anywhere in the country, make sure that the plot is clear of all dues and is registered.
Conclusion:
Buying a property is undoubtedly one of the biggest decisions to take. These are some of the primary things which you must remember before buying a property in Kolkata or anywhere in the country.
