Buying your first apartment is an overwhelming experience. But while buying an apartment take care that you don’t get too much overwhelmed that you forget some important precautions to take while buying your own apartment. To avoid any issues later on here are some tips for buyers to follow from the beginning while buying an apartment from premium developers in Pune
Location is Important
The Most important thing to consider while buying an apartment is the location. You should buy an apartment at a location from where you have access to all the facilities within a walkable distance. Make sure the location matches and provides for the entire essential infrastructure, like a nearby market, a mall, hospitals, clinics and educational institutes nearby. You should inspect the social infrastructure and nightlife in the area, so that you can spend some quality time with your family on holidays, rather than having to go at a long distance.
Get a Budget Estimate
Don’t forget to have a budget set aside or have a plan aside to arrange for the budget. Get an estimate of your budget with which you are comfortable before you start looking for an apartment. Set your budget considering your current income and future expenditures.
Arrange for Loans
Based on your financial state, decide whether you can manage for the funds to be paid all by yourself. If not, you must consider taking a bank loan and there are plenty of good opportunities for first time home buyers. You can still afford a decent apartment with careful loan planning and payoffs later. You may also find that some contractors provide assistance in this regard as they might have legal tie-ups with various good banks.
Don’t Take a Final Decision Just by Looking at Sample Flat
Now, this might actually be a trap for some of you and you may get overwhelmed just by looking at a flat. But in any case, remember that the developers will always try to convince you by showing the beautiful, furnished sample flats, as it’s their marketing strategy after all. But use your own intelligence at this point. It is highly probable that the Sample flat will have better features than the flat you are going to buy.
Time of Possession
Don’t forget to inquire about the time of possession of the flat. In most cases, the buyers can’t wait too long for the possession of their property. So, make sure you know the exact time of possession before making a final deal and be prepared.
Price of Property
Plan your purchase of flat in the best possible way. You might be in your best financial state that you are excited to buy a new flat. But you must not hurry to make a final purchase. Visit and compare the prices of multiple properties in your budget. Consider their advantages and disadvantages. Try to find the best flat at the best possible price.
Avoid Legal Disputes
To avoid any legal disputes future, you must thoroughly inquire about the plot of land, its legalities to avoid any conflict with respect to the plot on which the apartment stands. You are also allowed to ask for documents supporting the claim of the builder on the plot.