Buying a house is one of the biggest financial commitment most of us will make, but on the other hand, it's a critical & an emotional choice. Amidst the excitement of finding what looks like the house of your dreams, it's always important to keep reality & practical world in your mind. Searching apartments in Chennai can be such a stressful one to the point that it's anything but difficult to overlook a portion of the key things you have to know before making that jump. In any case, in the event that you do, you could end up staying with a large group of issues that are troublesome and costly to solve.
When you see a property, always go prepared with a list of questions to ask the homeowner, agent or a builder. Some will be suggested by the data you as of now have about the property, yet there are some essential things you ought to dependably ask when seeing any house.
1. Ask about the status of the title
Before you buy a flat for sale in Chennai, you must inquire whether the property is legitimately hassle-free or not. he most ideal approach to ensure the title is that developer should buy the land from the landowner(s) and then start developing the project. Usually, small developers and home builders in Chennai join in “Joint Development Agreement” with the landowners. This procedure has various lawful defects, which are for the most part unexpected. Ask for documents from the builder such as Commencement Certificate and Intimation of Disapproval. On the off chance that the property is still under development, you can request the project’s approved drawings & illustrations.
2. Get some information about the Actual Price of the Property
The actual cost of the apartment would include the expense of utilities, for example, a parking spot, water supply, power, and different charges. Legal & Registration charges will also include in it. Most often, builders add extra charges for any of these utilities amid possession of the property.
3. Check the history of the Builder
You may ask the home builders about the details of their completed projects. What amount of time have they taken to finish them? Ask them if they have received completion and occupancy certification ready for those completed projects or not.
4. Inquire as to whether they can show any model flat
You can generally request from the developer to show you the model flat. This will enable you to get a picture regarding how your property or apartment will look. You can likewise check the construction quality & development methods.
5. Ask about the date of completion & possession to occupy
As a buyer, you should know about the date and day when the property will be ready to occupy. In most cases, the reason why buyers prefer ready to move apartments in Chennai as the date of possession is sometimes delayed.
6. Get some information about the Utilities
Ask whether the developer will give you any inbuilt features upon the offer of the apartment. These sometimes include a modular kitchen, interiors, furniture, power, and so on.
7. Check the construction quality of the property
At the point when the project is under construction, complete a site visit to know the quality of the products utilized to develop the apartment unit. You can have a word with the agent, developer & designer in regards to the items and products incorporated to work. Be prepared to collect such details when you book a free site visit to the project.
8. Check out its Carpet Area
If you're considering buying a property in Gated Community apartments in OMR or ECR or even a villa, then ask about the carpet area, built-up area & super built-up area as it is extremely important. The builders charge on a rate for each square-foot. So you should know the expense of per square foot you'll be paying. Carpet area is the built-up area of the property. Builder cannot charge on the super built-up area according to RERA (Real Estate Regulatory Authority).
9. Check for OC and Completion Certificate
Occupancy Certificate and Completion Certificate as these are important at the time of buying an apartment for sale in Chennai. OC is issued to guarantee that the property is handed over with no issues relating to bank credits, though completion certificate is offered once the project is finished and is issued by the Municipal authority.
10. Know how secure is the property & neighbourhood
Request that the property manager covers what security features to the apartment have including security, door alarm, buzzer, and others.
You may likewise need to get some information about the neighborhood– is it a moderately protected region or not. Check whether any crimes have been taken place in and around the neighbourhood. If you need to know more about the area, please visit the property, its streets & neighbourhood areas at night as well. 11. Check how long have the previous owners lived there in the property
This particularly applies for resale apartments. In the event that the house has changed owners a few times in just a couple of years, do some research with respect to why. In contrast, however, if the house has been occupied by the same owner for several decades, make sure you get a thorough survey on the property – the longer the owner has been there, the higher the risk of structural problems going unnoticed or being put off.
This particularly applies for resale apartments. In the event that the house has changed owners a few times in just a couple of years, do some research with respect to why. Interestingly, be that as it may, if the house has been occupied by a similar homeowner for quite a few years, ensure you get a careful review on the property for sale in Chennai – the longer an owner has been there, the higher the danger of basic issues going unnoticed or being put off.
12. Check out who will be your neighbours
The house might be a dream of yours, however, in the event that the neighbour is noisy, anti-social or just for the most part troublesome it could ruin your satisfaction in living there. And in addition asking, you can likewise take a step further in visiting the region on various occasions to get an impression of what the area resembles.
13. Check if there is a room for negotiation
A scope of reasons can offer you the chance to haggle over the property price, from whether the homeowners have found their next house to the time spent available. With regards to putting in an offer, don't be reluctant to trade with the agent on the off chance that you feel the house does not merit the asking cost, yet be clear about your requirements for the property from the beginning.
If you are buying new or resale apartments for sale in Chennai, then you should be aware of these questions to ask the builder or the property owner to avoid dreadful situations in the future.
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