The hunt for your new dream home has finally ended! From the location of the house to the view from the balcony, everything seems perfect. You just need to sign on the dotted line to become the proud owner of the new house. Hold on, just for a second. Here’s why.
It goes without saying that you must have done a lot of research before zeroing in on the property. That said, there is a chance that you might have missed a few crucial aspects that might come back to haunt you in the future. So here are a few best practices that you should follow before buying a new house. These practices remain vital even if you are renting a house instead of buying.
First and foremost, it is highly recommended that you check the credibility of the builder. This is a very crucial step since it will save you from a lot of trouble down the road. It is essential that you get documents such as environment clearance certificate, commencement certificate, and other associated approvals. There is also a possibility of the land or project might be in legal trouble that cannot be ignored. A thorough background check of the property developer will help you clear such doubts in this regard. One way of going about this is by getting to know about the current and past projects involving the builder. This can be accomplished by going online and browsing various real estate forums.
Another important aspect that needs to be evaluated carefully is the size or the area of the house. In real estate terms, there are two ways of measuring the property area. They are built-up area and carpet area. The first one consists of the area occupied by walls, beams etc. The catch here is that it may also extend to staircase, lobby and so on. On the other hand, carpet area is the ‘actual’ liveable area enclosed within the walls. More often than not, developers will hide this intentionally and only mention the built up area in brochures. So always get to know about the carpet area of the house before buying or renting one.
It is also vital that you check out the neighbourhood and the surrounding area of the new house. This is important from the convenience as well as the security point of view. Speaking of security, you should also remember to get a home insurance. A house insurance policy will ensure that you and your new house are safeguarded from any untoward incidents. Additionally, buying a house insurance policy can also cover the contents of your home as well from perils such as theft and damages. This is very useful if you have lots of valuables like jewellery and high-end gadgets. Check out Reliance Householder’s policy that offers a great range of services and features such as ‘home assist’ at a great premium.
So these were a few quick to-dos before you get a new house. These tips will ensure that you are safeguarded and have a trouble-free experience in the new home.
