Things you should consider before buying a house.

 

Purchasing a home is a dream for almost everybody, but there is always a difficulty when it comes to choosing between a residential plot and a gated apartment. Taking all the points into reflection, buying a plot area is a better funding option with its high resale value. There are some definite points you should keep in mind before buying a home:

Location: 

This is really a notable reason when you decide to buy a plot. Essentially, it must be accessible to some well-known and leading areas of the city. Make sure you do not get attracted by some cheap deal at out of the way locations. Location is a big factor to check about before grabbing any deal for buying a home. Location should be convenient to all the family members.

Value for money:

Do not speed and buy a residential plot in a hurry, even if the deal seems great. Before buying any residential plot you are advised to spend some time on researching the value of the residential plot and other merits. You can consult a real estate agency to help you search residential plots according to your need and budget.

Lifestyle:

While keeping localities as consideration, check if it suits your lifestyle. If you are a person who chooses to stay close to work.  If you are a sports addict, check if there are any sports clubs nearby

Area of the plot:

Area/size of the plot is an important point when it comes to making a decision about your dream home. Do check up on the soil, get its quality tested by a structural engineer, after all it is always better to be safe than sorry.

Transport connectivity:

Check if the locality is connected to other important cities and there is good public transport connectivity.  

Builder verification:

It is advised to cross-verify the sellers and also verifies seller’s past and current projects. This will give you an idea of the builder’s credibility.

Title deed verification:

It is the major point to check if the seller has right over the property. Check the title deed of the land, you are going to buy.  Make sure to confirm the name of the seller and that all the rights to sell the property land lies with the seller and no one else.

Social infrastructure:

Before buying a residential plot, check the nearby educational institutions, hospitals and shopping complexes. Keep in mind the details like distance of the nearest police station, fire station, parks and playgrounds.

RERA registered:

If you are buying a new flat, apartment or a villa, make sure it is a RERA registered project. This protects you against structural defects for the next 5 years.

Approvals by the local body:

Ensure that the residential plot you are buying has been accepted by the city development corporation and the local body. Check for the important approval documents and ensure it is verified by an advocate. Make sure that the planning permission and building approval has been secured from the local authorities.

Conclusion

While buying a residential plot, one must think of all the important factors like Location, value for money, lifestyle, social infrastructure, builder verification, and title deed verification, everything matters. One must take more and more time to research all these major factors in detail, before making any decision.