Buying a property is not an easy task. It involves multiple
risks and security issues. Your whole investment earned through hard work is at
risk. To buy a property you have to search multiple places and meet multiple
people. In the process, you like many properties and have to make a one-time
decision. It is difficult to make a decision and to decide which deal to
choose. Few deals seem very attractive and beneficial but it is a one-time
decision, it could be one of those decisions that can change your life. Such
decisions cannot be made in hurry. To make the best decision proper guidance is
needed. To get a piece of good advice before buying a property, contact a real estate marketing company in your
area. An experienced realtor can help you in investing your money securely.
Moreover, there are many frauds in this field; such frauds can be avoided if
and only if you are dealing with the trusted people in the market. Before
buying property make sure to check the following 4 points.
1.
NOC approval and credibility of the property
2.
Area of the property
3.
Payment plan of the property
4.
Location of the property.
Checking the above-mentioned list before buying a property
would help you to secure your investment.
1. NOC approval and Credibility of the
property
Before buying a property, one should check
if it is a credible property or not. Check the land permission and the NOC
approval from the concerned authority. Many developers get layout plan approval
but do not further proceed to get the NOC of the project. You should check that
the property you are buying should have both layout plan approval and NOC
approval. Check Title Deed and Release Certificate of the property.
Verify land-use zone according to the city master plan of the plot. Many
builders use the residential property for illegal commercial purposes. Get tax
receipts and other bills copy to make sure that there are no pending dues. In
case you are feeling insecure get the documents verified by a lawyer. If you are buying a property from an owner
make sure he/she has paid the lease of the property. The credibility of a newly
developed project can be determined by the reputation of its sponsors and
builders in the market. Deal with authorized dealers only, if you are
interested in buying a property in Islamabad and looking for a smart lifestyle
then consult with Capital Smart City authorized dealers now. Make sure
that the owner is not delaying the process of handing over the property after
the deal is signed. This delay in possession dates can be quite problematic as
it can delay your other plans. Always visit the site before buying a project;
it helps you to determine the quality of the project. Interact with the
neighborhood so that you get an idea about the future development of the area.
In case you are not investing in a new property, make sure you meet the owner
personally and interact with the neighborhood to know about the environment.
You can get much inside information about any illegal activity or legal dispute
etc.
2. Area of the property
Once you have decided to buy a property
make sure you have an idea about the area of the property. Determine the area
you require according to your needs and the amount you can invest. Many
developers or owners advertise their property with the covered area mentioned
which includes the area covered by the walls, staircases, lobby, etc. check the
carpet area of the property before buying it. If a developer is advertising
that the coverage area of a flat is 1000 square feet then carpet area would be
200-300 square feet less. To avoid such issues, visit the place yourself and
evaluate the area of property based on your requirements and the purpose of your
use.
3. Payment Plans offered by the owner or the
new housing scheme
Before buying a property, it is very
important to know the terms and conditions involved in the payment plan of the
property. New housing schemes or projects offer easy payment plans with low
down payments and easy installments. Offering easy payment plans is also a
marketing strategy to make more customers. Choose a plan which is more suitable
for your pocket. If you are planning to buy a property to rent and use that
rent to pay installments or EMI’s do not do that as it might take time to find
tenants. Check which banks are involved in the project and if you are
interested in taking home loans then go for a bank with the lowest interest
rate. Do not invest the entire amount you have. Calculate the total amount
involved in the whole process. The agent might tell you only the basic amount
but there are other expenditures as well. Calculate the internal and external
fees involved in multiple processes involved in buying a property and divide
the amount accordingly. Make a budget and keep it flexible.
4. Location of the property
No matter what the purpose of buying a
property is; location is the most important factor that makes a property stands
out. Location of the property influences the price of the property, the quality
of infrastructure, facilities, and the possibilities of future development. Always
visit the location before buying a property and gather as much information as
you can about the neighborhood. It will help you to determine if the location
worthy enough to give benefits in the future or not. Many housing societies or
developing projects show a different picture of the plan in their brochure
while the result after the development turns out completely different. Check the
connectivity of the location with the nearest main roads and municipal
facilities to avoid problems in the future.
Once you have selected a property do not wait to grab the opportunity of your lifetime, just a decision and get the property transferred to your name, get a property registration certificate or other required documents from the concerned authority. If you cannot handle all this hustle then get professional help. blue world city Islamabad Sales partner, the Mayfair estate offers a complete property investment service with a promise of secure investment in both commercial and residential sectors. A good Real estate marketing company in your area can provide you these services.
Our services are tied to the hottest real estate projects which include
Comments
Post a Comment