Buying a flat is a lifetime investment for you and the process involved to buy best property according to your requirements is also extensive. You must do research on your end to make the best decision. Your research can include legal details about the project, location of the project, what kind of amenities are there, etc.
Therefore, it is essential to have a checklist for you to choose the flat of your dreams. Without a checklist, you won’t know what to do and who knows if you might be victim of a property fraud. But if you follow the right checklist, it is going to help you in every step of the way to seize the best deal.
Therefore, it is essential to have a checklist for you to choose the flat of your dreams. Without a checklist, you won’t know what to do and who knows if you might be victim of a property fraud. But if you follow the right checklist, it is going to help you in every step of the way to seize the best deal.
How to Buy a Flat in Gurgaon
Buying a flat in Gurugram is the best option as it has emerged as one of the best commercial hubs and best living places in India. But there are many important things that should be taken care of before you purchase a flat in Gurgaon:
Setting Your Budget
The first step is to assess your budget needs. You must decide how much money you are going to spend. Your budget needs also depend on what kind of flat you want to buy. If you want to buy villa, penthouse or normal 1BHK, 2BHK, 3BHK, etc. then adjust your budgets accordingly.
If you don’t have enough money to close the deal, then home loan can be the best option. Look for the best options offered by different banks.
If you don’t have enough money to close the deal, then home loan can be the best option. Look for the best options offered by different banks.
Choosing a Location
Now, choose a location where you want to buy your flat. Make sure the location you choose has well connected roads and important services.
Search for a location where you don’t have to worry about wasting your time commuting. If you have children, it is important to live where schools and colleges are in just walking distance away. In case of elderly people living with you, choose a place where hospitals, banks etc. are nearby.
For more information on choosing the best location, check out this blog:
Search for a location where you don’t have to worry about wasting your time commuting. If you have children, it is important to live where schools and colleges are in just walking distance away. In case of elderly people living with you, choose a place where hospitals, banks etc. are nearby.
For more information on choosing the best location, check out this blog:
Inspect the Property
Inspecting the property is as important as analysing other things while buying a flat. During the inspection, inspect for furniture, electronic, and other general or common issues a flat interior or exterior structure might have. Inspecting the property will not only save you to do bad deal but also save you and your family from any hazard.
To get more details on inspecting your flat before buying, check out this blog.
To get more details on inspecting your flat before buying, check out this blog.
Check the Reputation of a Developer
While hunting for the best property, always look for the experienced builder or developer. It can be obvious that their work will be professional and of quality as they have been working in the real estate industry for years. So, they know what they are doing to satisfy the needs of their buyers.
To further ensure their quality of work, you can check their previous projects as well. Moreover, you can check if they are the member of the associations like Builder’s Associations of India (BAI). These kinds of organizations have the strict rules and regulations for builders. Any wrong or illegal work by builder will get them blacklisted by these kinds of associations.
To further ensure their quality of work, you can check their previous projects as well. Moreover, you can check if they are the member of the associations like Builder’s Associations of India (BAI). These kinds of organizations have the strict rules and regulations for builders. Any wrong or illegal work by builder will get them blacklisted by these kinds of associations.
Check the Documents
Sale Deed :You must check the sale deed document if you are ready to buy the property. This document proves the sale and transferring of the property. So, it becomes more than important that you accurately check this document before signing it.
Encumbrance Certificate : Ask forEncumbrance Certificate to check the property for any legal and monetary liabilities.
Completion and Occupancy Certificate : You must check the Completion and Occupancy Certificate to make sure that building plan has an approval of the municipal authorities as well as government agencies.
Check for RERA (Real Estate Regulatory Authority) Certificate: Property agent receive RERA legal certificate to certify that they are legally working under the state-level RERA officials. Don’t miss to check this legal certificate as it contains all the information about the builder or developer, and project.
Checking this document, you will not only be able to see the legal part of the work, but also save yourself from fraud deals as well. And also remember, if you want to apply for a loan, your bank will ask for these documents in order to disburse the loan amount into your bank account.
Encumbrance Certificate : Ask forEncumbrance Certificate to check the property for any legal and monetary liabilities.
Completion and Occupancy Certificate : You must check the Completion and Occupancy Certificate to make sure that building plan has an approval of the municipal authorities as well as government agencies.
Check for RERA (Real Estate Regulatory Authority) Certificate: Property agent receive RERA legal certificate to certify that they are legally working under the state-level RERA officials. Don’t miss to check this legal certificate as it contains all the information about the builder or developer, and project.
Checking this document, you will not only be able to see the legal part of the work, but also save yourself from fraud deals as well. And also remember, if you want to apply for a loan, your bank will ask for these documents in order to disburse the loan amount into your bank account.
Check for Available Facilities in the Area
As you know that living in the flat, you will have less space. Therefore, it is mandatory to check for what kind of facilities are available.
For example, if you are a fitness freak, look if the building or near it you will be able to access a gym. Or if you have a dog, search for a place where you have an open area nearby.
Sometimes living in the apartment can feel hectic. So, find the flat near restaurants, cafes or bars, where you can enjoy peaceful and happy moments with your dear ones.
Facilities like these will also increase the value of your flat as people have desire to live in these kinds of areas.
For example, if you are a fitness freak, look if the building or near it you will be able to access a gym. Or if you have a dog, search for a place where you have an open area nearby.
Sometimes living in the apartment can feel hectic. So, find the flat near restaurants, cafes or bars, where you can enjoy peaceful and happy moments with your dear ones.
Facilities like these will also increase the value of your flat as people have desire to live in these kinds of areas.
Conclusion
Buying a flat is one of the most important investments you make. You will not only be spending your life’s savings, but you will also be buying a place where you and your family will live for a long time.
So, it is important that you check everything, whether you are going to buy a villa, penthouse or normal 1BHK, 2BHK, 3BHk etc. flats. to have the best deal. Implementing above mentioned details in the process of finding your dream home, canmake a stress-free buying experience for you.
So, what are you waiting for? Keep this checklist handy and buy the flat you have longed for.
