Emphasis on Word- Affordability

8 May, 2020 By - Balarhomes

Buying a Home has never been an easy task, it involves lots of Do’s & Don’t for the same as buying a home involves a lot of investment not only in terms of Finance but also in terms of dreams & emotions. Hence, it’s crucial to verify certain things before making a decision to buy a home in order to avoid any regret.

The list involves criteria which are to be taken care of before buying a home. For better reference, we have divided list into 2 sets, wherein first set speaks about Checklist regarding the Home that you are intending to buy, second mentions the legal framework.

Here’s the checklist regarding the Home that you are intending to buy:

  • 1. Firstly, make sure that Home you are intending to buy is exactly as per your requirement be it in terms of Area, Location, Space.
  • 2. Then try to make out whether things you need in day-to-day life is easily available or not?
  • 3. Make sure you are happy with the Floor plan.
  • 4. Will you be able to bear the maintenance cost of the house you are buying?
  • 5. Does it possess all the amenities that are needed or desired by you?

Then comes a list of Legal Compliance that needs to be checked, in order to avoid any negligence which might lead to a major issue.

  • 1. Please make sure the builder has got Construction Approval
  • 2. Possession of Land isn’t holding any controversy
  • 3. Compliance under the Real Estate (Regulation and Development) Act, 2016 (RERA)
  • 4. Land Use Permission criteria

Buy home keeping all these contexts in mind, it will help you buy a home without worrying!