In this inflationary era, everyone is busy saving money in some way or another and this is right too. Someone saves money by keeping it in a bank account, someone invests it in a scheme, etc. But generally, people are seen saving the most to buy their own house. But the way the prices of houses are increasing. Therefore, buying a house seems very difficult for everyone. In such a situation, people look towards buying a flat and for this, they either add money or take a flat on loan. In such a situation, if you are also buying a flat from a builder, then you have to take special care of some things. Otherwise, you may face problems later. So let us know what things you should keep in mind while buying a flat. You can know about this in detail in the next slides…
Those buying a flat should keep these things in mind:-
First thing
If you are buying a flat, then know some things beforehand. Otherwise, you may face many problems later. For example, know whether the land on which this flat is built comes under the land authority or not, whether all the rules have been kept in mind while constructing the flat or not, etc.
Another thing
Whenever you buy a flat, you must know who its first owner and how many times this flat has been sold before, and at what price. If you look, you will find this information in the documents. This shows whether the person from whom you are buying this flat is the right person or whether someone is planning to cheat you.
Third thing
If you are buying a flat, then get its documents like registry verified first. Find out whether these documents are genuine or fake. If you get this work done beforehand, you will not face problems later. Many fraudsters give fake flat papers to people and cheat them by taking huge amounts of money from them.
Fourth thing
If you take a flat on loan, the dealer present there asks you to get the loan. But wait a moment, here you have to check what is the interest rate from where you are getting the loan. How much commission is he taking in return for getting the loan? Know all this in advance. You can also do this by applying to the bank yourself and taking a home loan, in this, you can get it at the right interest rate and without a broker.
(PC: iStock)
