If you are planning to buy a flat for yourself, there are a few things you need to check beforehand to ensure that you invest on the right property. In this regard, there are some tips you can keep in mind.
Buying a flat is a huge investment decision and must be entered into with care. The most important thing is to ensure that your investment is safe or not. Paying back this investment will take up a chunk of your life savings, and if you decide to take a home loan, then paying back regularly is also something you need to keep in mind.
When you are looking for flats to buy in Kochi or in any other city in Kerala, it is important to look for the best builders in Kochi for this kind of an investment. Here are five things to check before you purchase a flat in Kochi:
1.Compare the amenities
Surely, you have decided on a budget for your flat. Whether you are looking for a 1 BHK or 2BHK, the prices will differ according to several factors. Once you have got a certain price quote from the developer, it is important to check the locality, the amenities and the neighbourhood. However, your search doesn’t end here. You need to compare this price quote with other areas as well, checking the locality and amenities of them to find the best flat for you in any locality.
2.The timeline of a project
You might be considering purchasing a flat which is still a project under construction. In this case, it is extremely important to have a detailed discussion regarding the delivery of the project and a realistic timeline of the project. Before you sign a contract, you must check whether the developers have mentioned about a grace period or not, and if they have, then the details of this grace period. The grace period refers to the extended period of time (about 6 months) to complete the delivery of the project. Find out all the details about the timeline of the project before you sign a contract and decide to move in to your new flat.
This is one part of purchasing a flat which most people tend to forget, or are quite absent minded about. However, this is also one of the most crucial things that you need to keep in mind when you are looking to buy a new flat. The maintenance charges of a flat include municipal taxed, water and electricity charges, garage, elevator tax, hired help, security, and so on. Before you decide to purchase a flat which has a great offer, find out exactly how much you would need to pay for maintenance charges and the breakup of these maintenance charges as well.
4.Land and property documents
You should typically hire a lawyer who can help you with this step. It is important to go through all the legal documents of the land and property before you decide to purchase a flat. The developer should have having approvals and NOCs from the area development authorities, municipal corporation, electricity boards, water boards, etc.
5.Hidden and additional charges
There can be a ton of hidden charges and additional charges that crop up when you are purchasing your flat, so it is important to keep all the documents transparent. You can even hire a lawyer who can help you understand all the legal talk of the documents. Hidden and additional charges include stamp duty, GST, registration charges, and so on, and you must be aware of all these hidden charges before buying your flat.
Hence, those were the five tips that can help you out at the time of purchasing a flat. Plus, you must research well online to find the best flats for sale in Trivandrum. Without any doubt, the cities in Kerala can prove to be a great home for your family.
In case you are looking for the best builders in Kochi or need some information about the best flats for sale in Trivandrum then the author of this article would like to recommend the name of Kalyan Developers.