How to Buy Property: If you are going to buy property then check these 5 things..
Employment Newsdesk October 07, 2024 01:15 PM

India's property market is growing rapidly and the rates of land are increasing by leaps and bounds. Apart from being expensive, investing in real estate is also an important decision for people. Whether you are buying a house for the first time or buying property for investment purposes, choosing the right property is very important. Especially when it comes to ready-to-move properties, ignoring some things can prove to be costly.

Property expert and CMD of Oram Development Pradeep Mishra says that ready-to-move properties have their advantages, but the risk is also considerable. Therefore, it is very important to take care of some important aspects of this deal, so that you can avoid any major loss. The biggest advantage of buying a ready-to-move property is that if you are buying it for yourself, you can immediately shift with your family and if you have bought it for investment, you can rent it out. But, it is very important to keep 5 things in mind in such a deal.

The title of the property should be clear.
While buying a property, first ensure that its title is clear. Clear title means that there is no dispute over the ownership of the property. You can go to the revenue office and check that the person in whose name the property is, is its real owner. Apart from this, ownership can also be confirmed from property tax documents. If the property is mortgaged with a bank, then information about it can also be obtained from the bank. Taking the help of a professional lawyer or real estate agent in this work can also be a good option.

Construction time and quality
It is also important to keep in mind when the property was constructed and what is its quality. Usually, the life span of a building is considered to be 70 to 80 years, but it should also be evaluated what is the condition of that building. You can get that building inspected by property dealers, local people, or a structural engineer. Nowadays many professional companies also help in this service, which can correctly evaluate the quality of the building.

Nearby facilities
While buying a property, it is also important to see what facilities are available in that area for daily needs. If grocery stores, markets, and other daily facilities are not available near your house, then it can be a big problem. Therefore, it is important to see whether the local facilities meet your needs or not. Such as the presence of good schools nearby.

Resident Welfare Association (RWA)
Find out whether any Resident Welfare Association is working on the property you are going to invest in. RWA is responsible for solving minor problems like security systems, electricity, water, and plumbing. This makes your life more comfortable. If there is no RWA in the area, then you may have to solve your problems yourself.

Security is the most important issue.
Security is the most important aspect of buying a property. Find out what is the security system of the place where you are buying the property. Especially if you are buying a property in a big city, the importance of security increases even more. It is important to check aspects such as distance from the local police station, presence of a watchman, and arrangement of CCTV cameras.

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