5 things you should know about before buying a flat in Mangalore

by Sandesh Kumar SEO Trainee

Buying a new flat or investing in a property is one of the biggest decisions of our life. Years of planning and saving cannot be abandoned when the time comes for you to make the ultimate choice. As a result, you must consider all of your options carefully before making a decision.

If you're searching for residential projects in Mangalore, so here are 5 checkpoints you should ensure before buying a flat:

● Property Price

The very first step to shortlist a property is to fix your budget. After that, compare the property prices of various builders and look at the utilities they offer. And nowadays, various online portals exist, to help you compare different properties.

Also, ask about the actual price of the property including the cost of utilities and various taxation charges. Apart from the cost of the property, there are also various registration and legal charges. Most builders add additional charges for the utilities, so get a clear idea about the actual cost.

● Check the record of the builder

checking out the previous records of the builder is the wisest way. Get details about his previous projects. Ask questions about the sustainability of the building and the time taken to completion.

If the builder is reputed and owns a big company, then you can check out their website and read testimonials. It will give you a brief idea about their reputation and record.

● Legal aspects of property

Make sure the property is legally authorized or not. The area development authority, water supply and sewage boards, electricity boards, and Municipal Corporation should have granted the developer approvals and NOCs, to ensure all the legal paperwork. However, the relevant bank will validate your property paperwork before loan sanction if you're getting a home loan.

● Location of the flats

Do not forget to look at the surrounding area of the property that you're going to buy. The physical infrastructure and connectivity with all basic amenities such as school, supermarket, grocery store, bus stand, railway station and so on. Ensure your flat must have a peaceful, safe and secure place to live.

● Utilities check

We buy a property for a comfortable lifestyle, not for the constant struggle for fundamental amenities. So wherever you are going to buy property, make sure to ask your builder about inbuilt facilities. These facilities include a kitchen, electricity, water availability, furniture (wardrobe, cabinets etc.), parking facility and security.

Getting clarity about these basics will save you a lot of time and hassle.