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Home Buying: Keep these things in mind to buy a house or flat, otherwise there may be a big loss

Buy House Real Estate: If you are planning to buy a house, then this news will prove to be of your use. There are some things that you should take special care of before buying a house or flat. By which you can avoid any kind of loss. You have to keep these things in mind before investing on property. So you can also avoid getting fraud related to property.

keep these things in mind
Today every person dreams of building a house in metro cities like Delhi-NCR. You have to work hard to build a house. In such a situation, people turn towards the flats built in the society. It is very important to keep some things in mind while buying a flat.

Do research about EMI
If you don’t have money while buying a house. So first you have to do this work. For this, from down payment to home loan, complete information about home loan should be known. How much amount is being received in the home loan, what is its interest rate. Nowadays one should also research the home loan tenure, EMI and type of home loan on the internet. The longer tenure you take the home loan, the lower will be your EMI. However, in this you will have to pay the highest interest.

Must see location
Before taking any decision regarding buying a house, you should decide at which place to buy the house. Transportation of that place, facilities of social infrastructure like park, school, hospital should be seen in the surrounding area. Along with this things like playground, club house, swimming pool can be taken care of.

get builder information
Before investing money in any real estate project, the image of that builder should also be seen. Instead of buying a flat from a new builder, you can buy a property from an established builder with a good track record.

Must check legal paperwork
Don’t shy away from the legal paperwork of the property you are going to invest in. If you do not understand, then you can take the help of a lawyer. You may have to spend a little extra money for this. But this amount will be very less in front of the investment of lakhs, crores of rupees. This will help you avoid legal trouble in the future.

Complain in RERA
Let us tell you that from the Real Estate Regulatory Authority (RERA), you can get answers to many questions related to that property or builders. When a builder registers a project with RERA, it means that whatever declarations have been made by them, they will have to fulfill them. If the builder does not fulfill his declarations on time, or does something wrong in it, then you can also complain against him in RERA. After which action can be taken against the builder from the side of the government.

 

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