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Friday, July 5, 2013

Guidelines To Follow While Buying a Property

Chennai: Buying a property is an important decision in one's life and a lot of study and research is required while planning to buy a house.

property in chennai


* Choosing the right property: Buying a property may appear to be a daunting task, but some sort of planning and detailed study is a must. Starting from choosing the locality, deciding the budget, builder or promoter, it is better to research the ground details of the property. It's better to check if the area has the potential for quality infrastructure, development and favorable connectivity.

* Asking for required documents: Ask the builder for the authentic documents of the property. The buyer should know about the rate per square feet, including the add-ons to the property. He should also enquire about the additional costs that they would incur as in car parking, flooring, bath fittings and wall painting. Check if there are any other facilities such as the gym, swimming pool, party hall and various other amenities.

* Verification of the property: Advice from a legal expert is indeed necessary. The lawyer will scrutinize the various related documents of the property that the builder has provided in order to avoid legal issues. The lawyer will also verify the original title act, the Encumbrance Certificate to prove that property is free from any legal issues such as mortgages or loans, and the patta of the land.

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