A Quick Guide to Buying a Residential Property

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If I were asked to name the chief benefit of the house, I should say: the house shelters daydreaming, the house protects the dreamer, the house allows one to dream in peace.”  — Gaston Bachelard

Everyone dreams of owning a home of their own. In this era of nuclear families, this is what the present scenario talks about. With time, the ancestral homes are gradually becoming a thing of the past and people are seen moving out of their native places either to other parts of the country or abroad. Some want to invest their money in an apartment for a sense of permanence, while others still believe in renting apartments. To be honest, rented apartments do not give the feeling of permanence. Moreover, investing in a apartment or house makes a profitable sense, as the homebuyer is just required to pay EMI on a loan taken from a financial institution.

Now, if you have already decided to buy a home in Kolkata, selecting an affordable apartment in Maheshtala would be a good option. Make sure, you do not blindly buy a residential property that you come across. In fact, there are several important factors you must consider before buying an apartment.

Here’s what you must do prior to finalizing an apartment.

Consider Affordability

This is an important factor you must consider because it is always advisable to ‘cut your coat according to the cloth’. For example, you want a 4 BHK apartment with all luxury facilities but within affordable rates. In this case, you need to channelize your search as per your financial strength. Research well on the properties, the current market rate, the time required to complete the project, the reputation of the builder, the availability of finance options and so on. Do not forget to check the power, water and sanitation facilities of the complex you are finalizing.

Whenever you plan to buy a home, make sure the planning is done 10 years in advance. In your present state you may feel that a 1 BHK apartment will suffice, but after a few years your priority might change and you would need a 2 BHK apartment in Maheshtala.

Consider the Property Location

Make sure the affordable apartment in Maheshtala you are choosing has easy accessibility to hospitals, schools, shopping malls, restaurants, public & private transport, etc. Also, check whether the neighbourhood is peaceful or noisy.

Other Factors You Must Consider

  • Check, whether the residential property is an old one or a brand new building.
  • Make sure you do not forget to check the security measures of the complex. See, if the residential building has CCTV cameras and security guards.
  • Look for the maintenance charges of the building.
  • Clear the documentation process with the builder carefully.

So, when you are planning to buy your dream apartment in Maheshtala, ensure to consider all the above-mentioned points without fail.

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