Are you looking to buy a real estate property but don’t know the questions to ask before buying a house? The home-buying process can be hectic. Are you confused about what to say and what not to say? Well, then this blog is for you.
To ensure a smooth and stress-free property ownership experience, it is crucial to be knowledgeable about the process and create a pre-possession checklist. This is especially true when it comes to selecting the appropriate property and, in many realistic scenarios nowadays, selecting the right builder.
By following a comprehensive checklist, you can confirm that all necessary steps have been completed, such as legal formalities, payment obligations, and property inspection, before taking possession of the property and making your house purchase process easier. This can help you avoid any potential issues or surprises and ensure a successful property ownership experience.
Things you should ask your real estate builders when buying property
- Is the project located in a thriving area of development?
It’s crucial to assess the blueprint of the premises, floor plans, neighborhood, road accessibility, and the differences between standard and luxury properties. Understand thoroughly the Location of the property and neighborhood amenities. For NRI investors unable to inspect the area, it’s essential to send a trusted representative to verify legal documents and conduct thorough research on the proximity to schools, colleges, supermarkets, and retail outlets.
- What are the overall costs?
Besides the building cost, it’s important to ask for a breakdown of all associated costs, such as development fees, GST, parking rent, preferred location charges, and other statutory fees. This information is vital before signing any deals with the builder.
- How is the quality of construction?
A personal tour of the premises, particularly during the construction phase, can offer insights into the quality of construction. Inquire about the materials used for the foundation, walls, doors, windows, and other fixtures to ensure they meet your expectations.
- Will the builder deliver according to schedule?
A significant question to ask is the expected delivery date of the property. Ensure that the builder complies with RERA guidelines and has a written commitment to deliver on time, which is essential to your investment benefits and moving-in date.
- What is the actual size of the property?
Since RERA guidelines price developments based on the carpet area, it’s important to verify the price according to the carpet area rather than the built-up area.
- Are official/legal documents available?
Essential documents to confirm ownership, registration, and legality include the Title Deed, Encumbrance Certificate, Property Tax Receipts, Release Certificate, Building Completion Certificate (BCC), local Municipal Corporation approvals, RERA certificate, Commencement Certificate, and Building Approval Plan.
- Is the builder reliable?
It’s important to trust the builder who is responsible for delivering a quality product on time. Ensure that the builder has a good reputation and has all the necessary licenses and approvals.
- What facilities and amenities are included?
Verify that all promised facilities and amenities are included, such as fire alarms, garbage chute systems, car parking, lifts, and power backups. A site visit can help you verify that everything promised is included. Make a point to ask questions about home warranty and maintenance policies.
Investing in property is a critical decision, and taking the time to ask these questions and take necessary precautions is crucial to making an informed decision. These pointers can help you know the most important things when looking to buy a property and assists in finding the right property that meets all your expectations complies with the law and supports your goals and aspirations for property investment.
Conclusion
In conclusion, buying a property is a significant investment, and it’s important to ensure that you ask your real estate builder the right questions before making a decision. By doing your due diligence and asking about the location, costs, construction quality, delivery schedule, legal documents, builder’s reliability, and amenities, you can be sure that you are making an informed decision that aligns with your goals and aspirations. Remember, it’s always better to be safe than sorry, so take the time to gather all the necessary information before finalizing your purchase. With these considerations in mind, you’ll be well on your way to finding the perfect property that meets all your needs and expectations.
If you’re looking for a trustworthy and reliable builder, Kundan Spaces is a great choice. With a strong reputation for delivering quality construction, on-time delivery, and transparency, Kundan Spaces is committed to ensuring its clients have a hassle-free home-buying experience.
