Don’t Forget to Inspect New Homes Carefully

Home inspection

Why you must inspect new homes carefully?

Well, if you think that by deciding and finalizing on the property location, you have won the battle, you are wrong! As you need to make sure that you get a fair deal and for that you need to carefully inspect your new home from different permutations and combinations.

There are some people who make the mistake of thinking that there is nothing to worry about as they are purchasing a new home. Well there are many areas which need to be looked upon quite carefully and as minutely as possible. Things such as home’s framing, roof of the house, or internal electrical systems etc should be checked well in the case of new homes.

Here, we are presenting a small list of things that you surely need to inspect, so that you can be sure of making all the right moves and in the right direction as well.

Who is building your real estate?

This is the first and quite important thing to ask when you are looking at new homes.  Answering this question on who was in charge of building the property you are interested in, can deliver a lot of information in itself. You can look for the builder reputation and also possibly check some of his other properties that are already occupied. All this will give you a fair amount of idea, as to what exactly is in the offering for you in this deal.

What about the building material, climate surrounding?

This is another important thing to understand while looking at new homes. You must ask specific questions about materials used in the framing, foundation, roof, and interior walls. Do your research to find out if the materials used are the right kind of materials to last a long time in your environment.

There are zones where there is more sulphur in the air. Usually, air conditioning etc do not perform optimally in such situations. If it is known to you, you would be able to make arrangements beforehand, rather than understanding it while you live the problems.

Also it is important for you to understand the precipitation of your area of housing. Depending on the kind of precipitation you can expect in your area, some roofing materials will surely perform much better than others. And yes, as you would want your home to last long, it has to be built with material that is best suited to that locality and climate. It is also very important for you to understand whether you home is being built on a seismic zone. Seismic zones are usually prone to stronger vibrations during earthquakes.

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Things You Need to Know Before Purchasing Property

Critical Tips for Purchasing Property

It is true that everybody wants to own his or her own property but it is also equally true that, one should be very careful while deciding on the property. We are highlighting some critical factors for purchasing a property. It is always considered a tough task to go for the property purchase; this can surely be made easy and simple if you follow these tips.

These are some of the most important tips that will always assist you before purchasing your dream property.

Location Always Matters

It is always about the right neighborhood and the right location. It is important to note that living in the right neighborhood makes life a lot comfortable and hence experts say that you need to give a prior thought before deciding upon the location to purchase your property.

Also, you must check out whether the property is easily accessible, proper road, metro etc, facilities such as hospitals, schools, market, shopping outlets, eateries, and entertainment corners exist or not.

Basic Amenities

While buying your own property, you must check on basic facilities of water, power and sewage before finalizing your dream home. Shortage of any of any of these throughout the year or in particular seasons should be noted down so that you are well aware of the ground realities of your property.

Quality of Construction

This is very important. Quality of construction being used to build your property is something that you will have to live with, for the rest of your life so you need to examine it beforehand. You always need to take into account the construction quality of the house you want to purchase as this will help you understand the kind of maintenance it will be needing in the coming years to come.

Reputation of Builder

This also is an important aspect for buying a property and should not be overlooked. A little probe into the history of the builder will give you valuable information on his track record and the kind of projects that the builder has completed.

Resale Value of Property

You must evaluate the resale worth of the property you are going to purchase. You can also inquire about the supposed rent the property can deliver to you.

Stamp Duty

Buy a property for more than rupees one crore and you’re likely to have to pay big percentage of its price to the taxman. You must find out the exact stamp duty amount beforehand, so that you are better prepared.

Loan Facility

The most important thing after you make-up your mind to own a house is arranging the money and usually you will be required to facilitate a loan from a bank. Various loan schemes are available in the market from different banks. You should always compare the offering and look for the hidden charges etc before finalizing on to such long term investment plans.