Thursday 10 December 2020

5 Questions you should Ask a Builder Before Buying a Property

 Purchasing a property is a considerable investment. People save all the money over the years to invest in an asset that will give them a long-term return. Sadly, many property buyers in Goregaon regret investing in a piece of land with no good returns. Buying an apartment in Goregaon west requires proper discussion with the builder. Issues like delay in getting possession, incomplete documentation, poor quality construction, and various other things will make you repent. Investing in real estate property is the wisest thing any person can do, but this needs some smart thinking and research that will undoubtedly yield you great returns.

There are many 2 BHK in Goregaon and 1 BHK in Goregaon that you should start thinking about. It is okay to be prudent as a buyer and put down your questions across the builder or owner to attain answers. It is mandatory to clear the air in such circumstances.

Below are specific questions that you should ask the builder in Goregaon before signing the agreement-

1) Is the property free from litigation?

If you are buying a 1 BHK or 2 BHK in Goregaon, please ensure that your property is free from any litigation. Ask the builder for the proof and other details to confirm that the property is free from any lawsuit. A lawsuit against property can bring the residential and commercial construction to a stand-still.

2) What type of products or brands are used in the property?

If the property you are eyeing is under construction, do a random check by walking in without any prior notice and see for the quality of the products used. If you are planning to buy a property that is already constructed, you should be a better judge by observing every detail in the property. For this, you need to arm yourself with information on construction products. Moreover, ask the owner about the products and brands used in the construction of the property.

3) Is there any non-builder cost?

There may be hidden additional costs that can be levied due to tax. Hence, ask the builder for the total cost of the property. An introduction to GST in real-estate has also affected the market value and the cost of the land. Ask the builder about the price added for registration and any other cost. Make sure you ask legit questions after doing your R&D.

4) What is the carpet area?

It is a known fact to we Indians know the carpet area of the property we are purchasing. But this can be easily missed by someone very young to buy a property. If you are one of those, whether a commercial property buyer or want a 1 BHK or 2 BHK in Goregaon, ask for a built-up area. Builder charges per square foot. So, you need to be aware of the cost you will be paying per square foot.

5) What is the payment plan?

Every builder has a different payment plan. If you want to buy a 2 BHK in Goregaon or commercial space in a city like Mumbai, you may pertain to the problems of finances without enough savings. However, developers have tie-ups with banks and financial institutions to offer a loan on low interest. So you can easily buy a property at a lower interest rate.

Final Thoughts

Also, demanding a sample flat to have a purview of your requirements are some generic things you need to note. Now, let your doubts be removed by actions and find your ideal dream house. Chandak Group of developers provide commercial spaces and 2 BHK for sale in Goregaon West. They have 30 years of experience and affordable premium and luxury apartments. To know more about them, log in at https://chandakgroup.com

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