Purchasing an apartment is often a life-long dream for many Indians. However, buying the first property you see is not always the best approach. Instead, you must carefully consider every aspect of the same, before putting your deposit down. Here are some features all decent apartments in Chennai OMR possess.
- All related documents and tax papers
Every legal construction possesses proper documents related to the building’s registration, taxes and other certificates. Before buying, you should double-check each of the documents. Get them verified by a lawyer for greater effectiveness. Undertaking this process prevents you from investing in illegal or fraudulent construction, which can lead to legal proceedings against you in the future.
- Carpet area Vs super area
Most buyers in the market fail to understand the difference between super area and carpet area for a building. It is important to remember that the carpet area is around 80% of the super area. Therefore, you must enquire about the carpet area when in the market for an apartment. This area will help you determine the exact cost of the space as well.
- Financing options
Buy Apartments in Chennai OMR is pretty expensive. In most cases, you may fail to buy the space without assistance from banks and other financial institutions. Therefore, before deciding the apartment you want to buy, check with the building’s developer regarding possible tie-ups with banks. Financing from banks with lower interest rates can help in easier repayment of your debt in the future.
- Location of the apartment
While the location of the flat may seem perfect at first, it often feels differently upon reflection. You should consider what kinds of people live in the area and whether you would be comfortable residing amongst them. Moreover, the availability of transportation, such as trains, buses, metro and others is also a deciding factor when picking the best location. Lastly, avoid purchasing apartments in areas prone to waterlogging or floods.
These tips should help you narrow down the list of apartments and choose the home of your dreams.
