Tuesday 3 September 2013

Things to ask to Builder before buying property

Ask the Builder,

  1. To show for sample flat and building plan, this will give you the look and feel of flat and the amenities and quality of tiles and other items used in kitchen and bathroom etc. Also ask and see the floor plan that gives the idea about surrounding and spacing.
  2. If any additional charges above the charges they show to you like any legal fees, parking fees etc which sometimes is not said in first meetings.
  3. When the project getting completed and which month is the handover of property? How will they Charge till then because this will attract PRE-EMI (A kind of interest charged for part payment of the loan borrowed from bank) this is an extra charge and not same as EMI. Get dates in written and terms if builder not able to give on time.
  4. About the Carpet area and Total super built up area and what will be written in Agreement. Also check the height and directions of the flat.
  5. What type of utilities and facilities are in built provided upon sale like Fans, Furniture in kitchen, Home UPS/Inverter etc.
  6. Regarding the copy of title deed of the property on which flats are built. Also Documents relevant to the Land / Project / Building / Apartment
  7. Check if that property can get Loan from banks, if not why ?