Beginner’s guide to buying an apartment

 Decided not to throw away your money on rent month after month? Thinking of buying an apartment? Buying a home for the first time can be a stressful and daunting prospect. If you are into investing in an apartment for the first time here’s a beginner’s guide to buying an apartment from Vishraam Builders, reputed Builders and developers in Thrissur. 

If you are aware of things you need to know before buying a flat, you can avoid unpleasant surprises. We have made this list so that you can invest carefully in the future.

• Depending on the size of your family, decide on the area you want to buy for an apartment. If you are about to get married and start a family, you’ll need a bigger flat.

• Decide on a budget! Know that apart from the cost of the property, there are other overhead charges like the stamp duty, legal fees, brokerage fees, property tax, etc. You can avail a home loan if you are short on funds. 

• Compare home loans of different lenders and decide on what is good for you.

• Visit as many locations as you can looking for properties that fit your selection criteria.

• Check that the property you are interested in is close to the facilities you need for your family like schools, workplace, shops, hospitals, public transport, parks, gym, etc.

• Do some research of the real estate market to make sure you are getting value for money. You should check recent sales in the location you have selected. The value of the finished apartment should reflect at least what you paid.

• It is a good idea to arrange a building inspection of the building during the evening or during peak hour traffic before you agree to the purchase to check the noise pollution levels.

• Consider the age of the building. Check if there are any facilities likely to require repairs or replacement? You should try to get the valuation of an architect or engineer on the building before deciding to buy.

• Check the security measures followed in the building or apartment complex. 

• The views you get from your flat is an important thing to consider if it has a balcony. See if it is blocked by other buildings or facing the wrong way for the sun?

• Check out the maintenance charges of each month. These charges will cover water charges, common electricity charges, elevator charges and charges for hired help. Car parking charges may be separate.

• See if car parking is provided for the flat. Resale value becomes lower if the flat does not have car parking. 

Now that after reading through this beginner’s guide to buying an apartment, you’ll have a fair idea and feel confident to buy your apartment. Book your flats in Thrissur from Vishraam Builders, top-rated Builders and developers in Thrissur.