Factors To Check While You Buy A Property For Sale in Panjimby Barkha Pahuja SEO/Writer Investment or buying is property is the best way to earn a return from the property. Investment properties are real estate property that is a land having buildings on it. The investment is made by renting the property or resale of the property. The property can be bought by an individual investor or a group of an investor or a corporation. If a person is going to purchase a real estate, they should go for property for sale in Panjim as they give the best deals.
What are the documents required before buying a property?
Before buying a property, one should be ready with all the necessary documents that will be needed. All the materials are needs to be shown to the dealer before legally buying the property. The records required are as follows:
• Tax return document
• Photo identification card
• Sale Deed
• Authorized building plan
• Payment receipts
• Confirmation of sale
What are the factors that are required to check before buying a property?
Numerous factors are required to check before buying a property. They are as follows:
• Verify The Builder: Before purchasing any property, one should thoroughly verify the builder and the builder’s works. One can ascertain the builder by seeing his past jobs or visiting any real estate site to know about the works of the builder.
• Size of the property or the apartment: The correct size of the property or the apartment should be mentioned correctly. One should know the whole dimension of the condo before buying. If it can satisfy one’s requirement, then only one should buy the apartment.
• Inspect the infrastructure plan: One should see the connectivity of the property with the metro city or the near town. One should also see if the property is in the close vicinity of hospitals, markets, schools, colleges and banks. The location of the property invested by one can help one give huge returns. One should also see if the property is not near any polluting industry.
• Registration of the property: After buying the property, one needs to register themselves to declare the property’s lawful owner or else if not declared huge problems can arise, and the government can take the property.
• License and approval of the plan: Before buying the property, one needs to see some documents to verify if the property is legal or not. The papers Title Deed states if the builder has the legal right to build an apartment on the land. Verification of the use of the land says that if the area has been used as per the declaration of the local body office. Property tax papers are needed if a person is buying the property in resale then one should check all the previous tax papers and see if the taxes are cleared or not.
Investment on real estate is very efficient, and it also helps one gain a massive profit from it. But before buying any property, one should go through all the factors mentioned above to avoid any hassle.
Created on Jun 24th 2020 05:24. Viewed 208 times.
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