So, you have finally made your mind to buy a property in Ghaziabad? But, are you ready for it? Are you aware of everything that takes in buying a property?This blog highlights all the potential factors that a buyer must keep in mind before investing in a residential property. Unless and until you understand these points, you are not ready to buy your home in Ghaziabad. So, scroll down and check out the most important points to consider.
1. Scrutinizing The Property’s Title
First of all, you must know that the property of your interest should have a clear title. To investigate this, you can do the following –
- Check the original title deeds.
- Going through the documents of title.
- If the property is located in a society, search the society’s record.
- Advertise a public notice in newspapers regarding your claims on the property.
2. Check Sanctioned Plans
If you are looking for under construction 1, 2, 3 bhk flats in Ghaziabad, make sure you check the commencement and sanctioned plans by the concerned authority. In case of ready to move flats, check the completion certificate. If the property is sold by someone else on the owner’s behalf, check the power of attorney.
3. Check The Ready Reckoner Rates
Do check the ‘ready reckoner rates’ before buying your new home. As per reports, it is about to increase, which will eventually be a burden on the buyers. So, this is the perfect time to be investing in the flats in Ghaziabad. If you are unaware of what these rates are, you must know that these rates are one of the major sources of income or revenue for the government.
4. Check The Actual Size Of The Apartment
Generally, the apartment size mentioned in the brochure includes super built-up area, which could be almost 30% more than the actual size of the apartment. So, you must visit the site and check the actual size of the flat.
5. Check The Future Prospects
Checking the future infrastructural plans near the property is very important. For example, metro connectivity, highways and expressways near your home will make it easy for you to travel to work, college etc. This will also improve the value of your property.
Buying a home is everyone’s dream. Obviously, no one wishes to live in a rented home. So, before you actually finalize the home-buying deal, do keep such points in mind.