3 Things to Remember After Deciding to Buy a Flat

3 Things to Remember After Deciding to Buy a Flat

Buy a Flat

Buying an apartment is a very difficult decision considering the many options to choose from. Here are 3 things to remember after deciding to buy a flat. We highlight the points you should take into account before deciding to buy an apartment, in a blog from a few months ago. Here we have mentioned three points that you should remember after deciding your apartment to buy:

Things to Remember After Buy a Flat

The Ownership of the Flat:

Before buying an apartment, the most important thing you should know and ensure is the previous ownership of the apartment. Nobody wants to own a flat that has an improper ownership history or loose formalities. So make sure the apartment has the correct ownership and has gone through all the legal processes and paperwork.

Verify documents such as the Deed of Sale, the Master Deed and the Building Approval Plan, without fail. There is also a Certificate of Mutation that identifies the property owner in government records and establishes their tax obligations. All of this will ensure that the owner has every right to transfer ownership to you.

Property Taxes & Encumbrance Certificate:

You need to check whether the land property tax is paid regularly to the departments of corporations. The payment must be updated correctly and you must be given a copy of the receipt for the latest tax payments.

It is also important to verify that the property does not have fees for which a buyer must verify the lien certificate. A lien certificate provides evidence that your property has no monetary or legal responsibilities. The certificate can be obtained at the sub-registry office where the property was registered.

Stamp Duty and Other Costs:

Stamp duty must be paid only on the purchase of the apartment. You should also check with the builder to reveal hidden costs in the buying process. The actual gross cost of the purchase of the apartment should be calculated considering the stamp duty, registration and other charges.

If you have finished deciding the floor and are ready to make the purchase, you should always remember the above points. This will save you additional problems and thus help you move smoothly to your new apartment. If you have a small budget and ant to buy flat, then you should opt for 2 BHK flats in Jagatpura Jaipur.

Somya Buildcon Group currently has two new projects. One in Jagatpura, which is Somya Sky Crown and Somya Sky Crest in Jaipur. To get the best deal and reserve a flat today, you can contact Somya Buildcon Group through the website. You can call us at the number provided on the website or send us an email.

Investing in a new house or flat is one of the most crucial decisions of your life and it is probably an idea that you have been nurturing from a very young age. Years of saving and years of planning cannot be missed at the right time when the final decision is made.

Therefore, you need to consider all possible points before jumping in and making a selection. As buying a home can also involve taking out a good amount of loan, followed by monthly installments that flow from your income, you must be very careful. While some of the key factors to consider when approaching a new condo or home are location, date of ownership, and price, there are a few more parameters to consider when purchasing a new condo. Check out these 2 and 3 BHK flats in Jagatpura Jaipur, if you want to buy flats within budget.

Leave a Reply

Your email address will not be published. Required fields are marked *