7 Checklist you should make before buying A property in Bangalore
Hello Everyone, Hope you are doing good,
We all know buying a property is a big dream, but you might have came across with these question, what are all the things to do before buying a home or property? Because buying a home is not so easy process, but do not worry, we have a solution for that,
We have made a checklist which will help you to buy a home or property and guide you what are all the factors you should consider before buying any property.
If you do not consider these factors we may end up with a trouble
As we discussed in previous Blog, Bangalore plays host to numerous government establishments and traditional industries. The cosmopolitan city that is India’s Silicon Valley has attracted professionals and students from across the country due to its immense variety of employment opportunities. Also Bangalore is well- known for Real Estate Investing, we have made a post about Best place to Invest at Bangalore 2019 here
As a result, the real estate sector in the city is seeing exponential growth with plenty of housing projects offering the latest amenities and facilities. For instance, Assetz Marq 2, Prestige Lakeside habitat, L & T Raintree Boulevard are such a housing project offering luxurious and elegant living spaces.
Real Estate growing day by day, If you are looking to buy a home in Bangalore, here are some Checklist you should be made before buying a property.
Finding the right location
It is a wise choice to thoroughly research the locality you want to buy a home in. You should check whether the area has easy access to prime locations within the city, and find out if there are essential amenities like restaurants, shopping malls, schools, hospitals and banks nearby
Good resale value
It is important to look well into the future when you decide to purchase a property because you may want to sell it after a few years. If you choose the wrong location or property, it could affect the future sale value of your property. It is advisable to know about new developments in the years to come which offer growth prospects that could increase your property’s value in the future.
Research about the builder
- Brigade Group
- Assetz Property
- Shapoorji Pallonji
- Provident Housing
- L & T Realty
- Godrej Proeprties
- Spectra Construction
It is essential to find out additional costs over and above the basic price of the property you may have to pay from your pocket. These may include service charges by lenders or mortgage brokers or real estate agents, notary charges, parking fees, preferential location rates and so on.
Property insurance can provide you with coverage in case of property title disputes, damages to the property and other legal issues. It can safeguard your financial future in the event of mishap or destruction to the property. You can consider various options and choose the right policy.
Documents to check
- Title deed
- Encumbrance certificate
- Building plan sanction
- Commencement certificate
- Occupancy certificate
- Property tax receipts
Getting the right funding
Lastly, buying a home is expensive, and you may need to turn to a reputable lender to fund your purchase. Lenders like Bajaj Housing Finance Limited offer home loans up to Rs.3.5 crore at nominal interest rates to make the home buying process easier for you.
Property transactions take time. It is advisable not to rush into a decision, instead conduct a thorough investigation before selecting the right home. Choose the property location after exhaustive enquiry on the area, available amenities and future infrastructure plans that can increase the resale value of the property in future. Look into past housing projects of the builder and read the reviews of home buyers. In addition, you can keep yourself well informed by reading the fine print of primary documents like title deed and building plan sanction.
If you are looking for real Estate in bangalore, you may want to consider a superlative Builders like Sobha, Prestige, Brigade, Embassy, Assetz, Godrej, Shriram, Puravankara, L and T, Provident as they are the Tier 1 Buiders and you are sure about the Quality, All above mentioned builders offers the best living space for people & a high-quality lifestyle.