On the lookout for a new residential property? Great! You must be having some ideas regarding your dream home. Right? Well, though you would definitely look forward to a property that meets all your desires, you must evaluate certain factors before finalizing the deal. Obviously! You would be spending your hard-earned money on the property, and you would definitely like to take some necessary steps in order to find a reliable property.
1. Consider the size of the property
The most significant thing that you must consider is the size of the property. Make sure to check if it would be able to make space for your family in future. Yes! It's an essential step especially if you wish to stay in a house for a long period of time. Make sure to analyze your future requirements and take an appropriate decision accordingly.
2. Consider the location of the property
Is the property located near your work place? Is it suitable for your children from their school perspective? Is your area well connected with all the nearby locations? If yes, then go ahead and buy a property now. Moreover, make sure to consider the social infrastructure of the locality including nearby facilities, clean roads, entertainment hubs, and health care facilities among others.
3. Deal with a reliable real estate developer
Don't just go for any developer without analyzing their reputation in the market. Evaluate the projects they have done so far and see how successful they are in the current market situation. That being said, conduct a proper research and make sure to check the credentials of a real estate developer in every possible way.
4. Check bank approval & loan criteria for a property
Is the concerned property pre-approved by reputed banks? In that case, you can consider the project reliable as the banks must have done complete project verification before sanctioning the loans. Moreover, it is essential to check your loan eligibility for the property. Make your facts clear and go ahead only if you find it suitable for you.
5. Check the property legal issues
One of the most significant steps that you must take into account is to check if the property has been associated with any kind of legal issues such as encumbrance charge, clear & transferable title, and many more. Are you sure the property is free from any kind of acquisition or requisition? Make sure to acquire the no-objection certificate if opting for a pre-owned property and no-due certificate if opting for a cooperative society.
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Mr. Anil Mithas, CMD of Unnati Fortune Group, strives to meet all your home buying requirements in the well-efficient way. Some of its reliable projects include Vesta villas, Vesta suites, The Aranya, and Unnati World Office and Retail among others.