Apartment Buying Guide: "10" Things You Need To Know

Here are 10 powerful tips to ensure you are in good hands

1. Location

2. Budgeting

3. Goodwill

4. Builder Reach-ability

5. Parameters

6. Time Possession

7. Loans

8. Amenities

9. Stick to limited suggestions

10. Comparison with Colleagues

LOCATION:

The area of an apartment is very significant and you should be careful about it

• You should purchase an apartment at an area, where from all utilities are accessible within walking distance

• Drive through the area on different days and at various occasions to look at traffic

• Tip: Check Community well-being: Use Google Maps to check nearby Hospitals, Super Markets, Restaurants etc

AMENITIES

When purchasing an apartment and considering amenities.

• Sit down and list your "MUST HAVE" & "GOOD TO HAVE" amenities.

• Customers often stays inclined towards the number of amenities put down on the paper. But we need to go by "what is required?"

• If not, we would end up paying higher maintenance costs for those "UN USED" amenities.

• Now a days, we tend to have a habit of comparing possessions with others. This is a big "NO NO" when it comes to purchasing a home.

• Tip: Deciding "what is needed" is lot simpler than end up paying more maintenance costs 😁

PLAN YOUR BUDGET

This is another deciding factor which you must be very careful about.

• Set a budget for yourself considering your income and expenditure

• Think about additional costs to incurs after the purchase. This includes Maintenance(general & amenities) you may want to make after moving in.

• maintenance in gated communities will be higher compared to non-gated communities. It depends on "how flexible you are with amenities".Lets say If swimming pool is not a must have in your checklist. Look for apartments with sufficient amenities with lower maintenance.

• There were scenarios where customers purchase an apartment for a "really good" deal but they end up paying much higher maintenance costs after the purchase for amenities (which they never use 😜)

• Tip: So think about "BEFORE & AFTER PURCHASING COSTS"

Expected Time Possession

• As a purchaser, you should inquire about the time of delivery and project completion schedules

• The greater part of new buyers think that its difficult to wait longer time before claiming the apartment

• Tip: Inquire & talk to previous customers and get to the average delivery time

If you can’t explain it to a six year old, you don’t understand it yourself. ~ Albert Einstein