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Things to keep in mind while buying a flat?

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adleycharles View Drop Down
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Joined: Dec 20 2011
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    Posted: Dec 21 2011 at 11:50pm
After choosing an efficient and reliable builder you must ask to submit the financial status for the flat as well as the design plan. The financial conditions of various developers are still not totally safe. So, rather than provide them money at their will, request for a construction-linked payment plan. This way, you know that your payments are actually going towards financing the development, rather than being used for other unknown purposes. Then you need to recognize that what rights you have to taken in case of delays. Ask for a definitive date for when construction should begin. If you are dealing with a small builder who does not have a long operating background, ensure that the agreement gives you sufficient protection against the builder just sitting on your money and delaying the project’s completion. As a shorter-term buyer, you might consider whether the place is a good investment, and if it's the kind of property that's going to be attractive for the next buyer. Before doing all these things you need to recognize that the single most important factor in buying real estate is usually the location of the property. According to my personal opinion for a beneficial business in Kerala you need to build flats in Kochi.
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