Buying a Property- Avoid These Mistakes

By: navjeet kaur

Buying a house is often seen as one of the biggest step in one’s life. People think a lot before making a purchase as it involves lots of money. You cannot possibly make a mistake while making an investment but still without proper guidance people commit some mistakes. If you too are planning to give your family a surprise by buying a house for them, remember to avoid the below written errors as they are some of the most commonly committed mistakes. So read on and get to know what to avoid while buying your dream house:

Exceeding budget
While looking for a house to buy, buyers generally set a budget, however you might come across various homes that exceeds your budget and you plan to buy it. This is one of the most commonly committed mistakes which should be avoided. You might be tempted to buy a large house but if your budget allows you to invest in a smaller house, do not get tempted to buy a bungalow. Always stay within your budget to live a happy life.

Quoted price
Real estate companies advertise their property on massive billboard and quote an attractive price in order to attract the attention of publlic but the real price of the property differ from the price quoted on the billboards. The price which has been quoted on the advertisement does not include all the charges and thus is lower than the actual price of the house. Therefore do not trust the quoted price and talk to the real estate company to know about the price of the house in detail.

The total area
The area which is written on the advertisement varies from the actual floor area which is, in most of the cases, less. The area marked by the companies on the advertisement includes the passage as well as the staircase. However use the carpet area in order to make a comparison.

Disputed projects
Sometimes buyers tend to buy a disputed property which can be secured at a lower rate than the market price however buying such a house can cause trouble in the near future. By buying a property without talking or dealing with the actual owner, you can unnecessarily get into legal trouble. Therefore do not invest in a disputed property even if it is available at lower prices. Such property might end up becoming your headache for a lifetime.

Illegal property
If you are planning to invest in a project which is still under construction, remember to ask the developer about the project’s commencement certificate. Such paperwork would help you to be sure that the building is being constructed legally. If you buy an apartment which does not has a commencement certificate, chances are that the building might never be completed.

Do not fall for too good to be believed offers. Such packages are a part of the promotion strategy in order to gain the buyer’s attention. Be aware while buying a house and do not fall in the traps laid down by the real estate companies. Avoid the above written errors and grab the best house deal.

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