Investments associated
with the property are never a smooth transaction. It engages not only lots of
paperwork but also knowledge on understanding the necessities or amenities of
residential property prior to signing the deal. Buying flats in Kolkata whether
you are looking for 1, 2, or 3 BHK flats is no more a long going procedure as
these days you can easily find a number of residential flats in
Kolkata. However, since everyone has a different choice and different
budget, in-depth analysis with the help of knowledge, a person can prove
beneficial to the investment.
Carpet
Area of the Flat:
These days the residential
projects in Kolkata are built with a lot of planning. Not only the
emphasize should be given to making life easier for buyers, but also builders
are providing more focus on building environment-friendly projects. When
mentioned amenities, make sure that the complex has everything that is required
by someone on a daily basis and in case of stand along flat, consider checking
for garage, security, lift service and much more. You should keep in mind that
all of these will be included in the agreement itself, which is why
understanding is the key prior to signing the deal.
Buying a house means a
lifelong decision, and therefore you undeniably would never want to make a
single mistake. But wait, if you are new to the city or have never taken such a
huge decision in your life, consider having a look at some of these points to
comprehend the fundamentals of a property. Moreover, since buying a home
requires a huge amount, some people opt for loans and therefore having prior
knowledge regarding the budget can prove beneficial for the buyers.
Let us know have a look
at the major parameters to check prior to purchasing a new flat.
Keep
A Fixed Budget:
Since this is a
complicated endeavor, the primary step being a first-time buyer needs to be
keeping a steady budget. When you fix a budget, the short listing becomes much
easier as you already know how much can you afford. Once you start searching
for residential flats, you will get a lot of options and therefore don’t forget
asking for the quotation from different builders. However, with the many online
portals now you can compare yourself and select a house.
Smart Tip: Consider
booking a residential flat from the upcoming
residential projects in Kolkata, as it might offer some discounts. Once a
project is done, depending on the demand, sometimes there are fluctuations in
the price, therefore when you book at a very initial stage; you can stay
assured to pay extra irrespective of its higher demand.
When you are provided
with a lot of options, your next search should be the carpet area of the flat.
You should know when you find a super-built flat, it includes elevator area,
stairs, and other public areas, and therefore eventually the carpet area
reduces to a massive extent. Just by watching or hearing from someone that the
flat is 1400sq.ft, opting for the flat can be regret for the lifetime. Always
consider asking the carpet area as this is what you will be actually using.
Also, once you have known the carpet area, consider asking the cost of per
sq.ft and the multiply with the total carpet area. This will give you an idea
of whether you are paying for what you are using or extra.
Build
Quality:
Once the initial
process of choosing the property is made, your next search should be the build
quality. Always know that this is a lifetime possession, and not everyone can
buy a house at a frequent interval. This is the reason why understanding the
quality is a necessity in case of several hazards that might come upon it.
Check the cement quality, the paint used or the type of lighting and
everything. The more you will check in detail, the least you will have any
confusion.
Moreover, it becomes an
added benefit if you have an expert beside you who have the knowledge about the
property.
Read
The Agreement In Details:
As mentioned above, the
maze of paperwork is actually tiring, but then again, it is a necessity. Once
the deal is done, you will be provided with an agreement along with a
blueprint. It is highly recommended to read the agreement in detail as it
includes all the information. In case you feel some information have not been
added, consider consulting with the builder or the agent with whom you are
working. In case of any doubts, ask the person responsible and whether it is
apt for you because once you sign it, you have no more the authority to raise
questions upon getting flat.
Check
for the Amenities:
Additional
and Hidden Charges:
While buying a flat,
you require checking whether there are any hidden charges are not. As there are
several situations where you might be confronted into a situation when in a
rush you need to provide an amount just to get the deal sanctioned. Make sure
that there are no such things upcoming also no additional cost like GST,
registration charges, stamp duty or home loan processing fee. Make sure by
reading the details that there are no hidden charges associated with the
residential flat.
Hopefully, with the
above-mentioned information, no more it will be harassment for the buyers when
it comes to buying a residential flat. However, with the many new projects in Kolkata like Lakewood estate,
you can stay assured of getting property just the way you want and within your
budget.