6 Important Tips To Consider Before Buying Flats

By Author: Upasana Maheshwari
Total Articles: 2
Comment this article

Owning your own house is a dream for most of us that we nurture from a very young age. This requires significant investment in the property after thorough planning and years of saving. If you are planning to buy a flat, you need to consider several things to make your investment successful and fulfill your dream of owning a house and flat. Moreover, those who are looking for purchasing luxury flats in Jaipur, are required to be more alert as you might not be provided all the amenities in the so-called luxury flats as were mentioned in the initial design of the flats or apartments. So, without wasting much time, let us find out what are the major considerations that required a serious concern on the buyer’s part:

Legal Approval

This is one of the most important things to check before initiating your flat purchasing process. As the flat buyer, you have the right to check for approved building plans, commencement certificate for construction and clearance from local authorities regarding no harmful impact of the building construction on the environment. The major documents that should be checked include title deed, ...
... property tax receipts and approval from local development corporation of the relevant city. This way you can be legally ensured about the possession of your flat.

Location of the project

This is one of the primary decision-making areas while purchasing flats in Jaipur because it solely depends on the buyer’s preference in the area of the city they want to settle. Do you want to settle on the main road or the ones that are located inside? Moreover, if your current residence is located far from your office, then make sure that the new flat you are purchasing should be at a convenient distance from your work location. In addition to this, as it is known that there is not much space inside the city and the top real estate developers in Jaipur are offering residential projects outside of the city. But before choosing the location, check for basic public infrastructure facilities such as schools, public transport, and hospitals.

Calculation of flat area

As a buyer as well as the future owner of the flat and apartment, it is required that you should be aware of the three specific types of the area such as Carpet area, Built-up area, and the Super built-up area. The Carpet area can be identified as the area that is within the four walls of the flat while the Built-up area includes the carpet area plus the area that is occupied by the flat walls. Do you know that the builder charges the flat price based on the Super built-up area? This is the area that involves both the area (Carpet area and Built-up area) along with the other common area of the flat. Thus, you should develop a complete understanding of such calculation by consulting the builder and before entering into the flat purchasing agreement.

Flat Specifications

The flat specifications include the amenities that your builder is providing you based on the flat price. Several specifications are provided to lure the buyers. Thus, analysis is required to make which specifications are real and which are artificial. For example, if you searching for luxury flats in Jaipur, 5th Avenue by Upasana Group is one of the best options as it involves amenities such as fully modular kitchen, rooftop cafeteria, yoga terrace, fully AC Gym, landscaped terrace garden area and such other amenities that give allow the residents to experience unlimited luxury.

Loan Facility

Be it affordable or luxury flat, if you are planning to purchase a flat, loan facility is one of the major considerations and requirements that need to be fulfilled. The reputation of the builder plays a major role in it as all banks and other financial institutions do not provide loans to the builders. Thus, you should check for the banks and other NBFCs through which the builder or real estate group is registered. This will enable the buyer to procure home loan facilities from such banks and which can ease the buying process. Further, after finalizing the property and identifying the banks and NBFCs that are funding the project, it is recommended that you should approach the right bank that can offer home loans at the lowest possible rate of interest.

Flat price

Although when you make your plan to buy a flat or apartment, the price of the flat is the most important fact that should be considered but other factors that determine the price are all the more important. Thus, before buying flats, you should conduct a thorough survey about the prices in the location/ area that are decided by other property developers for flats. Apart from this, the quality of material used in construction, amenities, and specifications in the flats, possession date also contributes towards deciding the price of the flats. If your dream flat is exceeding your budget, do not leave the idea immediately. It is suggested you can negotiate for the flat price with the builder and it might be possible that the builder might agree.

In Essence

The tips discussed above will be highly useful for those who are looking to buy luxurious and affordable flats. This will provide necessary assistance to the buyers and can save them from multiple hassles that can arise at the time of buying luxury flats in Jaipur. Purchasing a home or flat is one of the biggest and most important investments of your life that provides you lifetime benefits in terms of quality accommodation and living solutions. In addition to this, these tips will also save the buyers from being cheated by the builders as they will be well aware of the important terms and visiting the sample flats can provide a true picture of the actual condition and you can assure yourself that you have not made the wrong decision by buying a specific flat.