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Make a wish-list of what you would like your ideal home to be. Decide on space, the neighborhood, security, priorities like transportation, amenities like shopping and recreational activities etc in the order of preference, before you start looking.
 
Things to keep in mind while deciding on your property

Your home is more than just a cherished dream; it is also an investment of a lifetime. Choosing property best suited to your requirements is one of the most critical parts of the home-buying process. You need to think and evaluate carefully before you decide on your dream home.

The following factors can help you make that decision:
Decide on the type of property you want
Decide if you want to buy a new property directly from the builder or a resale property. Know more
Investing in a new property will ensure a relatively newly constructed building with amenities like a gym, club house etc. However, a resale home on the other hand is more reasonable and will allow you to afford a home in a better locality within the same budget.
Legal and technical appraisal

It is always safe to buy property which has been legally approved and verified by the appropriate authorities. Get the property checked with a lawyer and engineer to see whether the plans are approved and the title is clear. Also, verify the municipal records. Know more

If you stay in a city which is prone to earthquakes or heavy rainfall etc., ensure that the construction quality standards adhere to local municipal rules for earthquake resistance, ISO practices, water proofing technology etc. Check that the quality of construction, drainage system and power connection points in different rooms meet the required norms before buying a flat.

In case you have purchased a home in a registered society, ensure that you check the society rules regarding sale of property, renting, maintenance charges, vehicle parking space & charges and other amenities.
Ensure the quality of the property

Remember to check the track record of the builder. This will assure you of a quality product and timely delivery of your property. Know more

Be sure to visit the property and inspect the building site. Check whether access to the site is as committed by the builder. Inspect the surrounding area. Ensure that the locality is self-sufficient in terms of basic infrastructure like electricity, water supply etc.

Is case of a resale property, check the credentials of the seller. Check with the neighbors for any issues, if at all. Verify if the seller is the lawful owner. Has he paid all his dues – House tax, Flat maintenance etc.? Does he have an outstanding home loan?
Get a clear understanding of the usable areas.

Make sure you understand the difference between carpet, built-up and super built-up areas. Know more

Carpet area: It is the actual usable area within the walls of the floor.

Built-up area: The built-up area refers to the entire area of the floor including carpet area, walls, lobbies and corridors, atrium areas and basement. However, things considered in the built-up area calculation vary from city to city. Hence, please check with your builder/broker on what definition they use.

Super built-up area: This generally refers to the entire area of the building including carpet area, walls, lobbies and corridors, lifts, staircases, basements, and other atrium and utility areas. Again, things considered in the super built-up area calculation vary from city to city. Hence, please check with your builder/broker on what definition they use.
Lastly, don’t forget to calculate extra costs to arrive at a total cost. Over and above the cost of the property, other costs may include registration charges, maintenance charges, transfer charges, parking charges etc.
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