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Buyers Guide

Factors to consider when buying a home


 
 
Location of the Project
Keep the following factors in mind while selecting the ideal home, -proximity to civic & recreational amenities like educational institutions, park, police station, temples, community hall, hospitals and the main roads, bus stops, railway lines, transportation services – The more within your reach, the better.
Affordability
Does your budget fit in with the location?
Place of employment
Is your office within travelling distance of your selected location?
Market area
Is there a market close by for all your grocery needs?
Education
Is there a school or college close by?
Public transport Facilities
Is the location connected to public transport facilities?
Developer
Is the developer well reputed?
Accessibility to water
and electricity
Be sure to ask the developer about any supply issues
Hospital/ Medical services
Is there a medical facility near the project?
Monthly Society
maintenance
Does the maintenance per month have a heavy impact on your budget?
Safety and Security
What are the security systems in place and whether they are provided by a professional agency?
Chain of title
Make it a priority to have all the registered documents from the proposed seller who declares the ownership of property. For applying a loan to the bank, these documents are extremely vital.
Affordability
Is the external and internal state of the building well examined?
Water leakages
Be sure to immediately reject any building that shows any signs of water leakages.
Maintenance of the flat
Make sure there is no peeling wallpaper or crumbling concrete.
Neighbours
Be sure to interact with your neighbours to find out whether they are grumpy and unpleasant.
Transfer charges
Make sure to factor in society transfer charges in your budget.
Self constructed
property (SCP)
A self bought plot of land, where constructs their own property is called SCP. Banks might not fund such a project.
Under construction
property at an initial stage
Many banks do not prefer to fund such projects. Though, if the builder has a good Track-record, it shouldn’t be a problem?

Disclaimer: The information provided herein is just for reference purpose collected from various sources. Shalimar Developers shall not be responsible for any changes in policies.