Is there a dream in your mind to
buy a good property for you? Do you agree that finding the right property is
not an easy job? If yes, then you need to be very cautious at the time of
making transactions? Capitalizing on a property is a lifetime investment.
Hence, you need to be careful before you finalize a deal. Many property
developers in Bangalore can offer you attractive deals on property. But, before
investment, you need to check the following points.
• Location: At first, you must
check the location of the property. The location should be in an area from
where transportation is easily available. Market, schools, hospitals, medical
shops must be close to your new house. Hence, you should buy a property after
taking into account locational advantages.
• Loans: Many opt for a home loan
to buy a property. If you are also among them, you should confirm whether the
property is eligible for a home loan or not. The real estate agent can confirm
with you about the matter. Under construction properties or pre-launch
properties, these days are not getting approval for loans from the bank and so
enquire about the construction stage of the property.
• Budget: You must have fixed a
budget to buy a property. Hence you should not deal with a property that will
cross your budget. If it happens, then you will face huge financial problems in
the future. Hence, before you start looking for your dream house, you need to
mention your budget to the property dealer. The dealer will search the property
as per your feasible budget.
• Additional Cost: While buying a
property in Bangalore, you need to
check whether it attracts any additional cost or not. You need to clarify from
your broker about the price of the property including all taxes. Apart from the
price of the property, you also need to confirm the other fees that you need to
pay to a home inspector, lawyer or notary, real estate agents, etc.
• Insurance: Property insurance
is very important to consider. Every property must get insured as it offers
protection from various risks. Almost all insurance companies are now offering
property insurance. Select the one suitable for your property and also check
the covers it is offering. In many banks, at the time of home loan application,
the advice is given to attach insurance. In many cases, funding of the premium
is done by the bank along with the home loan.
• Amenities: You also need to
check the water supply and sewerage system of the property. A building must
have a proper sewerage system that can keep your house clean and dirt-free. In addition
to that, you need to take note of the amenities too.
Apart from the above points, there are various
other things that you need to take into consideration at the time of buying a
property, not just in Bangalore but in any other city of India. You can speak
to a real estate expert for more information on the Bangalore property market.
Selection of the property needs to be done diligently, and for many, home is
the biggest asset of life.