Important Aspects to Note When Buying Houses and Flats, According to Real Estate Experts
CHENNAI: Buying a house or a flat is a significant milestone for many individuals. However, it is crucial to consider the advice of real estate experts to ensure a successful and informed purchase.
Acquiring one’s own house is a widespread ambition shared by many. Achieving this ambition often requires individuals to invest their entire lives and take on loans. Unfortunately, some people find themselves burdened with loan repayments even after building their dream home.
Moreover, even if individuals manage to purchase houses or plots, they sometimes neglect important factors. It is imperative for buyers to pay close attention to several key features when considering buying property. For instance, the minimum width of the roads leading to the plot should be 23 feet.
One critical aspect to consider is the validity of the original title deed of the property. Prospective buyers must ensure they thoroughly read and understand the document. It is important to determine the history of ownership and confirm that the listed owner is the true owner of the property. To address these concerns, potential buyers can purchase a 30-year Vilanga certificate.
Additionally, buyers should investigate the location of the property and the essential infrastructure in the surrounding area. Inquiring about the basic structure of the town and the availability of facilities is advisable. Seeking input from local residents can provide valuable insights.
Buyers must also ascertain whether the house they are interested in purchasing has received proper approval from the Planning Department. It is essential to request and obtain a xerox copy of the DTCP approved map, commonly referred to as the “Field Map.” This document will help ascertain the house’s location and its proximity to roads with proper connectivity.
To prevent any discrepancies, it is recommended that a surveyor measures all four sides of the concerned plot. While the original documents may contain dimensions, they can sometimes differ during an actual survey. Additionally, buyers should ensure the property provides necessary facilities such as rainwater drains and an underground sewerage scheme. Checking for any outstanding electricity or water bills under the property’s name is also crucial.
In cases where doubts arise regarding the plot’s documents, buyers can publish an advertisement in newspapers. This request seeks permission from the owner of the property and invites those with objections to report within a specified period. Similarly, if the property owner is deceased, it is vital to obtain a death certificate and proof of their heirs.
For those looking into purchasing an apartment, it is important to verify the number of floors sanctioned and the number of floors currently constructed. Ensuring that essential facilities like schools, colleges, and hospitals are conveniently located near the property is also worth considering.
In conclusion, buyers of houses and flats must carefully consider various aspects during the purchasing process. Seeking advice from real estate experts and paying close attention to details can help individuals make informed decisions and avoid potential issues in the future.