Home Buyer’s Guide

Almost everyone with a stable employment desires to own a home, and frequently, such properties are purchased far from inherited ancestral property. As a result, choosing to buy a home can be difficult because it is typically a significant commitment

• 1. Planning For The Future Is A Must
  It is imperative that you assess your current way of life, financial objectives, and long-term family needs. The greatest alternative is ready-to-move-in housing if you want to avoid paying rent and the EMIs that come with getting house loans. One solution is to balance the rent and EMIs without using up all of your cash or resources.
• 2. Give Due Consideration To The Locality
  It is advised to do a thorough investigation into the community's development goals. You may get a fair indication of the projected return on your investment by taking a quick look at the prior pricing trend of the area. A few more factors to consider include the infrastructure, access to nature, transportation, health, and educational possibilities.
• 3. Have A Quick Checklist Ready Before Inking The Deal
  A Buyers of Real Estate must always look for dealings that are open and honest. After the project is finished, insist on receiving the Occupation/Completion Certificate from the developer. Additionally, if the project has received clearance from top house loan providers, it will undoubtedly help to speed up the approval process for home loans.
• 4. Property Insurance
  It is always advisable to choose a house insurance policy as there are numerous options available. It is reasonably inexpensive and serves as insurance against potential property damage in the future. Additionally, it offers protection in the event that there is a problem with the property title or any other legal problem. Selecting the right one for your needs not only protects your asset but also streamlines the purchasing process.

• 5. Discuss The Proposed Set Up Plans
  Make sure that the project schedule reflects any promises made. Today's homebuyers make investments in lives as well as property. As a result, the better the amenities, the greater the benefit. A comfortable place, a play area for children, a clubhouse, visitor parking, etc. are all standard amenities.
• 6. Carpet Area
  The carpet area is the apartment's net usable floor space. This refers to the area remaining after eliminating the wall thickness, balcony, and verandah.
• 7. RERA
  The Real Estate Regulations Act (RERA) was enacted in 2016 to safeguard the rights of homebuyers. The primary objective of RERA is to protect buyers from the unfair activities of builders.
• 8. Stamp Duty
  Stamp duty is a legal tax that must be paid in full and serves as documentation of any property transaction or acquisition. As the imposition of stamp duty is a state matter, stamp duty rates differ from state to state.
• 9. OC
  An occupancy certificate (OC), which is a document given by the local government, attests that a structure is appropriate for habitation and that it was built in accordance with the authorized plan and all applicable local legislation.
• 10. CC
  The abbreviation CC stands for Completion Certificate. It is a vital legal document that builders receive from the local civic or municipal authority after the completion of a building or property.