Thursday, March 29, 2007

Before Buying a Home – Issue 0.1

Before Buying a Home – Issue 0.1

Some useful tips before buy property in India

As we discussed the checklist about buying a property, here I am sharing the remaining part of the same.

See if you are happy with layout plan, electric wiring, painting, plaster, tile work, no.of taps and whether such things need renovation, so that the same can be bargained with the seller.

Before buy property in India you should ensure about the water and power supply. if pure water supply and power supply is available round the clock or available for limited hours/ timings everyday.
See whether the wood work is in sound condition and termite free. Also have a look at the vicinity garden and parks for playing children.
For proper checking of electrical work, plumbing, wood-work, masonry and general condition, it is suggested to have a professional to inspect the same in a proper way.
Always avoid buying old house requiring major repairs as it unnecessarily adds to the budget without much gain on the life of house.
Ensure you are living in a spacious and pollution free environment as this is a matter of life long living.
Before committing to procure your dream house, ensure to mobilize all your financial souxes viz-a-viz withdrawal from share market, NSC, LIC and other sources which can be tapped easily without going into debts.
And the last thing which a buyer must ensure that all the relevant documents is in order and the house is free from all sorts of encumbrances.

You can get better value of your money if you keep it mind before buy property in India.

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