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4 Things You Should Remember While Hunting For An Apartment?

asked Jan 10 in Small House Plans by SoniyaSharma on approval (0 cents)

When you graduate from college and move on with your life, with a new job, possibly to a new city entirely whether it be Bangalore, Kolkata or Gurgaon, the first thing to plague your happy little daydreams of a well-settled life will be the worry about finding the perfect apartment. With rising prices, it is almost impossible even for well-settled, family men to get their money’s worth; it will be even harder for a fresh young college graduate to find one that ticks all the boxes. However, just to help you out, here are a few things to remember when you are making your choices:

1. The price:

Often times it so happens that one apartment that you like is out of your budget. That is why it is better to set your budget before actually looking at any apartments. The prices might be hiked also, just before you make the transaction in response to a better offer, but then that’s where your bargaining skills come into play. Of course if you’re lucky enough no such things will happen and you’ll be spared the haggling. So set your budget and then go hunting for your dream home.

2. Size:

While affordability is the first criteria, size is also of the first importance since it is an area that is often compromised upon. Pro-tip: Don’t. Here’s the thing, you should not really compromise on the size because once you buy the apartment you will have to live with it. So if the apartment that you are looking at seems too small for the price that you’re paying for it; leave it; there are plenty of other apartments on the market.

3. Locality and transport:

The location and the transportation connections are important parameters that determine the desirability of an apartment. You wouldn’t want to get stuck in a rowdy neighbourhood in a place that’s barely connected to any transportation systems. Not only would that be a poor choice of accommodation, it would also be extremely unsafe. So make sure to scout out the neighbourhood of the apartment that you are going for.

4. Landlord:

Last, but no less important you should know your landlord. This person will be collecting your rent (or settling your payment if you’re buying the apartment instead of renting). You should have complete transparency with him. If your landlord isn’t a man that you think you can get along with it is safer to not buy that apartment at all. There are lots of other 3 BHK in Gurgaon that are available with the onset of a number of 3BHK affordable projects.

These four tips are essential for apartment hunting. Of course the parameters for the flats will vary with the number of rooms. If you’re a fully settled family you should look for 3 BHK in Gurgaon that seem to be available in abundance at the moment with the upcoming 3BHK affordable projects, if you’re single then you should look for smaller apartments or studio apartments will be easier on your pocket. However, don’t compromise on quality. Happy apartment Hunting!

1 Answer

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answered Mar 12 by Ashwath Thampan earnings (10 cents)

The growing needs and unavailability of residential areas lead to the spring up of apartments and flats. There are certain advantages of buying a flat rather than a house.24 hrs security, recreation area, kids play area, uninterrupted water/power supply etc are some of the best amenities you can enjoy while you have an apartment. Most of the flats are located in a pivotal area that is well connected to major destinations. Here are some of the things you should remember before buying a flat or apartment.

Fix a budget

Compare the cost of the property with various builders. For example, if your preferred location is Kochi, then search for the best flats in Kochi in online portals, new papers etc.

Check whether Legally Authorized or Not

It is very important to verify that the property is legally authorized by the authorities like having approvals from local development authorities, water supply and sewage boards, electricity boards and Municipal Corporation.

Possession

You should have a clear estimate from the builder about the time period of possession. If there will be any delay there should be a valid explanation for the same. The builder is responsible to pay a monthly penalty to you in the case of any delay occur in the flat's possession.

Additional Charges

Hidden and additional charges like registration fee, stamp duty, taxes etc will be kept in mind before buying a property. 

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