Everyone wants to have their own house, but this is not possible for everyone and the biggest reason behind this is lack of funds. In fact, in metro cities, the price of houses is so high that people have to take loans and many people are not even able to do this. In such a situation, their dream of owning a house remains unfulfilled and they are forced to live on rent. However, many people buy a house or flat by investing their lifetime earnings, taking a loan, or saving money through other means. In such a situation, if you are also buying a flat-house, then you should take special care of some things. Otherwise, you may regret later. So let us know what are these things…
Keep these things in mind:-
Must see freehold
If you are buying a house flat, then you need to know that the house is hold-free. This means any property over which no one other than the owner has rights. Do check this.
Family dispute
Whenever you buy a house or flat, ensure that there is no family dispute in it. There are many houses in which brothers, uncles, or other relatives have shares, there is some ongoing dispute or some legal dispute. This may cause you problems. So know this in advance.
See market price
You need to know the market price of the house and flat. Otherwise, dealers or property owners can sell even cheap land to you at an expensive price. Therefore, first, know what the market price is and make the deal accordingly. Apart from this, definitely check the papers of the house and do not forget to get it checked by someone.
RERA rules
Before buying any house flat, know whether the house has been built as per the rules of RERA. Whether the house has been built according to the map passed by the authority or not etc. This is important because you may face problems later. So know this beforehand.
(PC: IStock)
