How To Buy A Home Without Getting Nightmares

Floor Area

Floor area is one major point to ask the builders. There are different kind of floor areas, such as built-up area and super built-up area among others. The floor areas will provide you an idea of the house, whether the house is value for money or not. Ensure that you ask for a copy of the building plan to get a better idea. By asking this question, you can estimate the cost of carpet area as well.

Use Bank For Fine Checking

The best way to check the credibility of the developer as well as the project is to buy a flat through a bank loan. Banks check all the details of the project when providing a home loan. According to a senior official of HDFC, when giving a home loan, banks do all the necessary enquiries which include the builder’s credentials as well as they make sure that the market value of the project does not diminish.

Even if you have sufficient money to buy an apartment or for down payment, it is advisable to take a small loan just to involve the bank in the buying process. Later, you can repay the bank as this step will not charge you with any penalty.

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