6 Real Estate tips when you are looking for Flats in Kanpur
Purchasing a flat is a major milestone in every person’s life. Years of earning, planning and investing need to be done just so that you can purchase a flat that suits your definition of an ideal home. An ‘ideal home’ needs to be more than just comfortable. In fact, a lot of many other factors contribute to a comfortable home. Keeping all of that in mind, it is necessary to understand that a huge chunk of your earnings will be put into investing in a flat.
Therefore, with such a large investment you should follow a necessary checklist before taking a leap of faith and purchasing a flat. We have put together a list of must-know real estate tips to help you buy the best flats in Kanpur.
Conduct your own research
Before you put your foot down on a property ensure that you carry out thorough research. It could be possible that you are looking to purchase a flat through a real estate dealer, or through a suggestion from someone known. Irrespective of the scenario, leave no stone unturned when you carry out research for the flat or residential complex you are interested in.
Visit potential properties only if it matches your criteria
It is always advisable to step out of your home and check the properties you are interested in. But a lot of time and energy can be wasted looking through all the residents that you are interested in. Therefore, before you do that, make a list of the aspects you wish to own in a home. It could be the number of bedrooms, amenities available, whether renovation is required, etc. Cross-check this list of yours with properties that can offer you the following. Based on that, you can skip visiting properties that do not offer your requirements.
Carry out an affordability check
One of the most important steps while buying a flat in Kanpur is to check your affordability and budget. It is important to check the flats you can afford according to your budget alongside the existing prices of flats in Kanpur. Also, keep in mind that the monthly budget increases with every square foot and the presence of property taxes. Other than that, a lot of properties can have hidden expenses and taxes which are not included in property listings. Ensure that you purchase a flat while keeping this factor in mind.
Understand the distinction between a carpeted space and a built-up area
The super built-up area, which is typically described in brochures, includes the stairwell, wall thickness, elevator space, lobby area, and other amenities. As a result, the carpet area of the flat is over 30% smaller than the super built-up area. Make sure to double-check area details before booking to avoid being caught off guard.
Check if the property has legal permissions
Before you sign the final contract, double-check that your flat is legally permitted to stand on the site. As a homebuyer, it’s perfectly reasonable to inquire about the developer’s approvals and NOCs from the Municipal Corporation, as well as other local development agencies such as water supply, sewage boards, and power boards.
Purchase a flat from a reputed builder
Buying a flat from a reputed builder can save you from a lot of trouble later on in the near future. There are multiple benefits when you purchase a flat from a reputed builder such as security, quality of construction timely delivery of your home, etc. Choose a builder that has a good track record when it comes to experience and success.
Of course, it can be confusing to select the right real estate developer. To make it easier for you, we would suggest that you get in touch with Ritu Housing. With vast experience in running successful businesses since 1932, Ritu Housing has raised the bar for a good, comfortable and luxurious lifestyle in Kanpur.
Get in touch with Ritu Housing today and purchase the best apartments in Kanpur at the best price!
