Listed below are some of the things that have to be kept in mind while purchasing a residential property:

1. Locality: Proximity to transport hubs, schools, hospitals, market, central business district, entertainment centres, hotels, restaurants, pollution levels, safety records of the neighbourhood.
2. Total area of the property i.e. Carpet + Built Up Area + Super Built Up Area.
3. Adequate car parking space.
4. Construction should be of a high quality.
5. Reputation of the builder or seller. Check around with local sources to find out more of the builders reputation.
6. Adequate water, electricity and other utilities should be an important factor.
7. Get a good idea of the costs of various components like price, stamp duty, registration charges, transfer fees, monthly outgoings, society charges & costs of utilities.
8. Assess the potential resale value or the potential rental income of the property.
9. List out any other advantages and disadvantages of the property to help make a better decision.

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Tiles