Things to Consider Before Buying an Apartment
After spending months to years in rented apartments, there will come a time where you’ll realise that you should probably stop throwing money on rent. Instead of spending money month after month; think of buying an apartment.
Buying an apartment or a house is the biggest investment decision of your life, as this is going to take up most of your savings. If you are planning to take a home loan, a significant part of your monthly salary will go into paying EMIs.
So, if you are on the verge of buying your first apartment ever, here are some important things you should be aware of before finalising the big decision. These points will help you avoid unpleasant surprises and invest more carefully.
Thorough Research on the Location
This is the first and the most important step. You do not want to end up making a huge investment in an area that isn’t going to get you any value for money. This may involve spending quality time researching the market, talking to agents, checking reviews, etc. You need to know that the value of the finished apartment will reflect the price of what you will be paying.
Verify the Builder
What if the piece of land you are eyeing is under litigation? Hence, it is highly recommended that you do a verification of the builder, its past projects, current projects and anything else you can find. You can always go on to online real estate forums and post queries.
High Accessibility to Prime Locations
Check that the property you are interested in is close to the facilities you require like supermarkets, public transport, schools, work, parks, hospitals, gym, cafes, etc. Also, keep in mind the traffic flow around the area, is the noise going to affect your lifestyle?
Approval and Licences
Check the builder’s paperwork once you zero in on the property. Make sure you check every document ranging from environmental clearance to commencement certificate. Also, remember to inquire on the status of the land title – check if the builder just has development rights on the land or has bought the land.
So if you’re still in the process of investing in your own little piece of paradise here in Goa, these exciting and approved properties in Goa by Models Construction will surely help you make up your mind. We construct apartments and villas in all the prime areas of Goa and most of them are sea-facing.
Let us help you find a home!