Buying a Flat: Important Things to Consider

Investing in a new flat or house is one of the most important decisions of your life, and probably a plan you have been nourishing since your youth. You need to be very much concerned while buying a flat as you might have to take a good amount of loan, followed by monthly instalments. Though there are few factors that you can consider while zeroing in on a new flat like location, proprietorship date, and price, few more specifications are required to be looked into while buying a new flat. They are:

Property Price

The first step while selecting a flat is to set a budget. It becomes easier to shortlist a 2 BHK flat in Ahmedabad if you know how much you are prepared to invest in it.

Flat’s Carpet Area

Generally, a property’s super built-up area that is listed is the complete area, including stairs, elevator space, wall-thickness, etc. However, the actual area within the walls of the flat is the carpet area.

Land Record

You should research the quality of soil and terrain of the land on which your flat is built. Make sure the plot should not have any dues pending and be registered.

Legal Check of the Property

Make sure the property is legally sanctioned to be constructed on the plot it is built. The builder should have consents and NOCs from Area development authorities, water supply & sewage boards, electricity boards and Municipal corporations.

Flat Possession

You should have a more precise approximation of the timeline for ownership. There are various flats for sale in Seventy that provide sumptuously, premium and reasonable price points, so you can get what you are looking for.

Builder-Buyer Agreement

If you want to buy a 2 BHK flat in Ahmedabad, you can book the same by paying an advance amount, and you will get an allotment paper in return. Then, a tri-party agreement is entered upon between the buyer, the bank and the builder for the remaining amount. Before signing it, you should study all the clauses in detail and other additional expenses like GST, stamp duty, registrations, etc.

Location of the Flat

It is vital to look around the area you are going to be residing in ultimately. You also need to look over the facilities, physical infrastructure and distance from all the important places. If you reside in Ahmedabad, there are many flats for sale in Seventy, which might suit your convenience.