Choose Right Builder to Invest in an Apartment

by Lenin Ram Content Writer

Investing your lifetime savings in an apartment is a wise decision and needs a well-organized plan, but while implementing this plan it takes lot of time and the first and foremost step is looking for a right builder. With the growing real estate sector, many developers and builders came into existence in an overnight and with the builders competing with each other it is a must to take some time and do a little research about the builders reputation and then to choose the genuine one, who will guide you from the beginning of the search of the property and assist you till until you end up as owner of the property.

Below are few points, which a buyer should look for while choosing a builder:

Study the builders

The first step that involves in your search for property is choosing a builder, if you choose a right one then you are lucky and buying an apartment will be as easy as a cake-walk. If you choose a less experience builder and a wrong one then your journey of buying an apartment becomes a nightmare. To avoid any kind of complications in buying an apartment, study your builders’ reputation, check their completed projects and on-going projects, talk to the residents who have occupied their apartments, and then take a right decision in selecting your builder.

Ask for certifications

Verify whether your builder is certified and possesses membership with ISO, registered under National Home Builders Registration Council (NHBRC) and ask for the registration number and enquire with the NHBRC about the builders.

Check for Liability insurance

Inquire, whether your builder has liability insurance, if he does not have liability insurance then you will forced to pay compensation for any accidents or injuries occurred to a worker during the construction of your apartment.

Visit builder’s office

Visit your builder’s office more often as possible, inspect the builder’s office locations, office address, and verify the contact number of the builder. Ask for references and contact details of customers who are using or have used the service of this builder.

Discuss with the builders customers

Meet the builder’s customers who have already occupied apartments in their completed projects, talk to them and ask how happy they are with the builder’s quality of service, amenities, and facilities. Few customers may provide wrong information about the builder due to some dispute with the builder, so before believing in it go with your intuition.

Check builder’s track record

Meet the builder personally, discuss with him about your need and budget, and ask them to explain in detail about the price. Check clearly about the builder’s construction process, payment process and ask more questions about the builder’s track record.

Communicate with your builder

Once, you have chosen your builder, sit and converse with your builder, clear all your doubts and ask as many questions as possible to the builder. Use the concept ‘caveat emptor’, which means ‘buyers beware’ when you are negotiating with the builder.

Final step

Always keep documented each and every minutes of the meeting with the builder and ensure that your builder has provided the service that he has promised you for. Before signing any contract, make sure that you have read the document twice and verified with your attorney, because once you sign the contract you agree with the builder’s terms and conditions.

Make sure that as a buyer, you follow these steps in choosing a right builder while buying an apartment, because a right builder will ensure that his customers get what they deserve.

If you are looking flats for sale in Bangalore, there are many online portals are available now. TGS Property is one of the best portal to find properties in Bangalore.