Buying a house is one of the biggest decisions of your life. You will be spending most of your savings in buying a house for you and your family. And if you are planning to take a home loan to buy a flat, then be prepared as half of your salary will go in paying EMI’s for your new home. You may have to make several compromises and may have to cut down many expenses to pay these EMI’s. When you are putting so much into buying the residential apartment then you need to make sure that your money is invested at a safe place.
If you are planning to buy residential apartments for sale, then go through our article and save yourself from making a bad decision.
● Don’t get lured by sample flats: When you plan to buy a residential apartment for sale, you visit many real estate builders who show you sample flat of their projects. Understand that these sample flats are specially designed for customers which includes several amenities and is fully furnished but when you buy actual flat none of these things are provided to you. All you get is the raw flat, therefore instead of getting attracted by sample flat get attracted by the quality of the flat.
● Difference between Super Area and Carpet Area: While buying a flat do not get confused between super area and carpet area. Dealers always play in the super area and will always use the super area to calculate the price of the flat. But it is important for you to know that actual area is always less than the super area and is called the carpet area. Super area includes your walls, common spaces, lobby, elevator and everything. So next time when you visit any property consultant to buy a residential apartment for sale, always ask for the carpet area of the flat.
● Check the clause for late possession: Builders generally and usually delay the possession of flats, the reason being they announce several projects at a time. While making an agreement with them always check the clause for late possession. However, a grace period of 3 to 6 months is usually taken by the builders but anything beyond the grace period must be compensated to you in some form.
Conclusion: As the saying goes, “Precaution is always better than cure”, it is always better to be assured about everything before you actually buy a flat. Any query or doubt if remain unanswered will always bring a lot of uncertainty. Keeping in mind the points that we mentioned will help you to save yourself from getting into any sort of trouble.