Crucial Points A Buyer Needs to Consider Before Purchasing A New Apartment

Buying a home is one of the biggest dreams and decision in an individual’s life. You will want to ensure that no stone is left unturned when it comes to selecting the best 1BHK flats for sale on SV road. However, there is more to buying the house than it meets the eyes. There are various aspects and overlooking them might not be a wise choice in the long run.

 

There are various cases where buyers have faced certain trouble dealing with the builders and the developers. Here are some of the points a buyer must keep in mind before purchasing properties for sale on SV road.

1. Evaluate the legal clearances and approvals

 Once you finalise on an apartment, check all the paperwork from the builder's side which includes clearances from local authorities to environment clearances, building plan approvals, etc. below is the list of certain documents a buyer needs to check before finalizing the property deal.

 

• Title deed
• Commencement certificate
• No objection certificates
• Land use certificate
• Encumbrance certificate
• Miscellaneous receipts

 

1. Check the Tie-Up With Banks
   When a project is associated with certain risks banks, especially the public sector banks will not entertain or finance the projects. Banks usually perform a thorough inspection or verification before approving it for any type of loans. Always look for properties for sale on SV road that have tie-ups with banks and from which finance is easily available. You must visit the bank branch for any of the enquiries rather than believing the bank representative present at the property site.
    
2. Verify the Reputation of the Builder
   In the real estate market, a builder is known for its reputation. Therefore, you must always enquire about the reputation before purchasing any 2 BHK flat for sale on SV road. Visit some of the recently completed and some old projects as well done by the builder to know the quality standards and see whether the structure witnesses the test of time. it will further help you to understand whether the promises made by the builder will come true or not.
    
3. Cost estimation
   At times, a builder may hide the actual cost associated with the apartment and not reveal the extra charges like maintenance cost, parking charges, location charges, service tax, club membership etc. all of these additional charges will increase the basic cost and eventually increase the cost of the property. Do the cost estimation of your 1 BHK properties for sale on SV road so that it does not go beyond your budget.
    
4. Ascertain the Carpet Area
   Any of the 2 BHK flat for sale on SV road will have a super built-up area along with the carpet area. The super built-up area includes carpet area, built-up area, and some common spaces like lobby, elevator, staircase, shafts, etc. the build-up area includes only the areas occupied by the walls of the apartments and the carpet area. A builder may likely charge for the super built-up area, but your prime concern should be of carpet area as it is usually 20 to 25% less than the super-built up area.
    
5. Visit Competitors Project
   You can also have a look at the projects like 1 BHK flats for sale on SV road built by other builders in the area. It will give you a better understanding of price, quality, and amenities offered by other developers. It allows you to make informed decisions before you finalize your purchase.
    
   Final Words
    
   All the above points are crucial to look for before purchasing 1 BHK properties for sale on SV road. Chandak Group is one such association which promises to be clear and specific in all their dealings with precisely describing every detail they can provide. They are also clear on every dealing and believe in providing a fair deal to the buyers. for more information on their latest projects, you can visit https://chandakgroup.com/