Things to check before buying Real Estate

“Better three hours too soon than a minute too late”

-William Shakespeare            

            A sensible, intelligent and well-balanced person always know in what he/she is getting into. So here are things you should check before you buy property.

           

1.      Carpet area

Super area, build-up area, and carpet area are three different things. Super area includes the common area that can be used all the residents such as staircase, elevator, and corridors. The Build-up area is the area covered by the house that includes walls. The Carpet area you should be really interested in that can be around 65% of the super area.

2.      Approved by RERA

Real Estate Regulation Act will ensure that the builder completes the project in the given time. Also, will keep an on eye on the builder to prevent channelization of funds into other projects.

3.      Accessibility

The locality is the one of the most crucial factors which you should consider before buying any property. The neighbourhood should be friendly. All the facilities such as grocery market, departmental store, medical store, hospitals, shopping mall etc. should be accessible very easily. Visit the area for better experience.

4.      Calculate the Total cost

Many times brokers just mention the basic cost and not other factors such as internal/external development fees, preferential location charges, parking/club/statutory charges, and service tax, which escalate the total cost.

5.      Giveaway

Some builders persuade buyers with offers such as woodwork, appliances and white goods that all will sound fascinating but there are no such things as free lunch in this world. These charges are included in the price of the property.

6.      Builder verification 

The piece of property in question may be under legal process. So it is sensible that you do an extensive verification of the constructor. You could also verify the past or current projects or even post queries on the various online real estate forums.

7.      Infrastructure development

Airport, Metro, Malls, Hotels/Resorts or any other big infrastructure development in future linked to the location of the property you intend to purchase can boost the return on investment enormously. Also, ensure that the property is not close to any polluting industry.

Paarth Infrabuild has the elegant, spacious and eco-friendly flats in lucknow where you can realize your coveted dream of having your own house. Surrounded by nature and all necessary infrastructures nearby, Paarth Infrabuild Projects are strategically located at the most prime locations of the City of Nawabs where you can spend a quality time with your loved ones in the lap of serenity and mindfulness.