Buying a home is a crucial decision that requires précised planning, budgeting, and a lot of research. It’s nothing less than an
investment that takes a large proportion of one’s hard earned money. Thus, it
becomes essential to ensure that one buys the right property at the right
price. While one plans to buy a house in Bangalore, it becomes very important
to have a check list that can keep the buyer on the right track. Bangalore is one
of the best destinations to buy a residential space.
The city has numerous
reputed developers that have been developing many residential landmarks at
different locations in the city. Considering the budget and other
specifications, the buyers can start hunting for a flat in the city. But, there
lies some factors that are needed to be kept into consideration to further proceed
for the house hunting in Bangalore.
Below is the check list that would help the property buyers locate
a suitable residential property:
Location
It is always one of the major concerns that every property
buyer has in mind. This is the first and the foremost factor on the basis of
which a person goes on to look for a house. However, location too turns out to
be a major factor that affects pricing. Thus, while one decides to finalize a
location, it also has to be considered whether or not it offers flats within
the specified budget.
Cost – What all it
includes
Costing is a major factor that affects the decision of a
buyer. However, while deciding on which property to invest in, one has to be
assured of, whether it includes any hidden cost, which may be revealed later.
Be assured of all the taxes, maintenance costs and all the other elements of
the cost being quoted for the flat/apartment.
Specifications
This is the relevant deciding factor for a person looking
forward to buy a flat. Intricately look for the specifications that you desire.
Apart from that, make sure that all the basic amenities are there including
24*7 power back up, water supply, parking, round the clock security, and
everything else. Besides, ensure that the other amenities being promised by the
developer are offered too.
Maintenance Charges
Also, don’t forget to ask whether or not any maintenance
charges have to be paid at any later stage. It is better to be clear of any
such costs before finalizing the decision buy a flat.
Payment Plan
Before deciding on any payment plan, one has to get enough
knowledge of all the plans being offered by the builder. Get all the minor details
associated to each plan and accordingly ensure whether the loan would be
available for the plan chosen.
Builder’s Reputation
and Trustworthiness
This is a factor that not every buyer is concerned about.
Once a buyer finds a property with suitable amenities falling into his/her
budget, this step may be missed out by many. However, it’s crucial to know
about the developer’s reputation. It tells the buyer whether his decision to be
associated with the developer is correct or not. Try getting feedback of the builder
from your peers, or else looking for the reviews online too seems to be a
viable option to know about the builder’s trustworthiness.
Legal implications
associated to the land, if any
In some cases, the developers start the construction work
before getting the approvals from the authorities and later, they are unable to
get the approvals due to legal implications. Such things are never revealed by
the builders and later the property buyers have to suffer. To avoid any such
situations, do research about the land and the approvals attained by the
developer. This can be done with the help of the real estate forums being run
online.
After being assured of all the above factors, one can move
ahead for the paper work and loan proceedings, if the buyer is seeking a loan to
buy a flat. There exist numerous developers in Bangalore that assist the buyers
in getting loans and offer the best deals. One such trusted real estate company in Bangalore is Mathapathi Constructions. The builder is known developing
affordable flats in the city. One of the projects by the builder is Mathapathi
Sunrise in Kaggadasapura. This residential project boasts of 2/3 BHK apartments
that have all the amenities needed for comfortable living.
