Property Tips: Are you also going to buy a ready-to-move house? Check these 5 things before paying money..
Shikha Saxena October 21, 2024 02:15 PM

There is a class of buyers and investors in the property market who prefer ready-to-move properties over under-construction properties. There are two main reasons behind this, firstly, the buyer can use such a property from the very first day or can rent it out and earn monthly profit. Customers buying ready-to-move properties do not have to worry about its possession nor do they have to face the delay of the project.

Property expert Pradeep Mishra says that no doubt buying such a property has its advantages. Despite this, if you are going to buy such a property, then it is necessary to keep some aspects in mind. Buying a ready-to-move property without checking these things will be like groping in the dark, in which if you miss, then you will be left rubbing your hands later.

Do check the title
Title search means the ownership of that property. No property itself tells who its owner is. Information about this is available only from its papers. If you are also going to buy such a property, then first of all go to the revenue office and find out the owner of that property, because before any investment it is very important to check that the person from whom you are buying that property is its real owner. Often such frauds happen when the owner of the property is someone else, while someone else sells it.

Age and quality of the property
After finding out the correct information about the title, you should know how many years ago the property you are buying was built. Also, what is the quality of its construction? Remember that the age of good quality properties is generally considered to be 70 to 80 years. Also, the older the construction of the property, the lower will be its price compared to newly constructed properties. Quality information can be obtained from the property dealers of that particular area. You can also take the help of a structural engineer.

Income and standard of living
Also, gather information about which income group you are buying the property from and which income group people live around your potential property. In terms of income group, one-room properties can be divided into public or studio, two-room properties into lower income groups, three-room properties into middle-income groups, and four-room properties into higher income groups. If you are buying a three- or four-room property and there are more one- and two-room properties at that place, then it is possible that in future you may not like your lifestyle at that place, that is, people of your standard may not live around you.

Also, check shopping and facilities.
It is also important to check whether things like milk, bread, vegetables, basic rations, etc. will be easily available to you at the place where you are buying the property. Generally, authorities and builders do keep a provision for convenient shopping in their projects. From where you can buy things for day-to-day use. In the absence of this facility, you may have to cover a distance of several kilometers to fulfill such needs.

Whether there is a welfare association or not
Also, check whether a Resident Welfare Association has been formed at the place where you are buying the property or not. If an association has been formed, then definitely meet its members and discuss the merits and demerits of that area. You can know from the people living there how vocal the welfare association is about the cleanliness, greenery, electricity, and water facilities of the common space.

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