Whether you are employed or do some personal work, you must be saving money to fulfill the many dreams and needs of, your family, your children, etc.. Everyone may have different purposes for which they save. Like- some for marriage, some for higher education, etc. But most people save money or take a loan to buy their dream house. People can buy a flat by spending lakhs of rupees, but whenever you buy a flat through a property dealer or directly from the flat owner, keep some things in mind. Otherwise, believe me, you may regret it later. So let us know what things should be kept in mind. You can learn about this further...
Keep these things in mind while buying a flat:-
Information about land
Whenever you buy a flat from a builder, one thing you must know is whether the land on which the flat is built comes under the authority or not. It is important to know this because this land may also be LMC. In such a situation, you may face problems in the future.
Information about the real owner of the flat
If you are buying a flat, it is your responsibility to get complete information. Like- know who was the first owner of the flat and how many times this land has been sold. This is because nowadays people sell land by making fake papers, due to which the buyer faces a lot of problems later.
Scrutiny of documents
Whenever you buy a flat, get its registry checked. It becomes necessary to differentiate between real and fake because many cases of fraud in the name of selling flats keep coming to light.
Know the true price
When we buy a flat, we look at things like location, facilities, total space of the house very carefully. But many times we remain unaware of the price and the dealer or the party selling the flat takes advantage of it. Therefore, first find out the market rate, so that you do not have to pay expensive prices for cheap land.
(PC: iStock)