Things to Check Before Booking Affordable Flats

Getting carried away in the real estate market is a common phenomenon. But, it is harmful at the same time, as making a buying decision depending solely on your liking of a particular place is foolishness. You need to keep a number of factors (besides your liking) in mind, in order to make the right decision. As per market gurus, one must undergo a thorough self-study of the monthly installments, income, flat location, amount of home loan needed and other such parameters, before purchasing a new property.

So, if you too are a prospective home buyer, looking for affordable housing in Ghaziabad, you must keep your senses alert and keep a check on the following points –

1. Land Record

Proper knowledge about the land is very important. You must know the topography and soil quality of the land. You might find this point as waste of time. But, keeping a check on such parameters will ensure that your flat has a solid foundation. Also, check the registration and title deed in detail. This way you’ll get an idea about the ownership, obligation and rights concerned with the property.

2. Price of the Property

This is another factor which needs maximum attention. There are different types of flats in Ghaziabad, each with different facilities and a varying price range. Hence, it is important to fix your budget. After you fix the amount, pick one flat (that you may like) and compare its price with the others nearby. You can even contact different builders and negotiate price to get a fair deal.

3. Builder-Buyer Agreement

Every buyer must be very careful before signing and agreeing to all the terms and conditions mentioned in Builder-Buyer Agreement. This is a tripartite agreement among the buyer, the builder and the bank for the rest of the amount, which describes about the payment of the flat. So, you must read it patiently and in case of any doubt, you must clear it instantly.

4. Flat Location

What place is your new home situated at? – This question plays a crucial role in the making of a buying decision. Various factors, such as physical infrastructure, amenities, easy accessibility to other cities or transport, road network, security etc. should be analyzed rigorously. Flats in Meerut road Ghaziabad are majorly preferred by home buyers, due to its location advantage. Hence, you must also search for a place that gives you an edge in terms of its location.

Apart from the above points, you must know about the GST, taxes, infrastructure plans, carpet area of the flat and other allied parameters. With such huge knowledge, you will surely find your ideal home at the best possible rates. 

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Created on Apr 5th 2018 04:09. Viewed 286 times.

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