Things You Should Know Before Buying an Apartment

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Things You Should Know Before Buying an Apartment

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If you are living in a house by giving rent, or already you have your own house but plan to invest in somewhere to get more profit out of it by selling the same or by giving rental purpose. In this both way you can earn a good money. – PowerPoint PPT presentation

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Title: Things You Should Know Before Buying an Apartment


1
Things You Should Know Before Buying an Apartment
  • Grand Project Capitol

2
Introduction
  • If you are living in a house by giving rent, or
    already you have your own house but plan to
    invest in somewhere to get more profit out of it
    by selling the same or by giving rental purpose.
    In this both way you can earn a good money.
  • If you are going to buy your first
    apartment ever, then in this article will show
    you a checklist of things that you should verify
    before buying. 
  • Be aware of this things while buying an Apartment
    or Flat. Because it will responsible for your
    future either for earning or living purpose.

3
Here is the Checklist-
  • Decide on the area where you want to buy an
    apartment. This may involving spending some time
    in that area or at least doing some research at
    your home.
  • Before you buy, Also Research about the market to
    make sure you are getting value for money. Talk
    to independent buyers who already buy apartments
    on that area and real estate agents, and check
    recent sales in the area.
  • Dont rely on advice from the developer or their
    agent. This is particularly important if you are
    buying off the plans. You want to know that the
    value of the finished apartment will reflect at
    least what you paid.
  • Visit as many places as you can looking for
    properties that fit your criteria, so youll have
    a good idea of what your money buys.

4
Keep Continue..
  • Now lets say youve found an apartment
  • Check that the property you are interested in is
    close to the facilities you require., for example
    shops, public transport, parks, hospitals,
    schools, work, gym, etc. A valuable tip if you
    want to earn some time.
  • When you choose to live in an apartment consider
    whether the building is close to clubs, cafes or
    other live music venues. What is the amount of
    passing traffic will it be noisy at peak hour ?
    Will the noise affect your lifestyle? It is a
    good idea to arrange an inspection of the
    building during the evening or during peak hour
    traffic before you agree to the purchase.
  • Now think, I have an apartment near a non stop
    bar, and from time to time people get drunk at
    night and make a lot of noise. How you feels. So
    it is important to choose wisely.

5
Continue-
  • How old is the building? You should consider the
    age of the building. Are any facilities likely to
    require repairs or replacement? It is strongly
    recommended that you obtain an architect or
    engineers report on the building before deciding
    to buy.
  • What are the security measures for example, can
    anyone walk into the building? Are there any
    security cameras?
  • Does it have a balcony so you can enjoy the view
    or afternoon sunshine? Or are you blocked by
    other buildings or facing the wrong way for the
    sun?
  • What are the maintenance charges? Many people
    dont think at this aspect when they buy a new
    apartment.

6
Carry On
  • They will generally cover the municipal tax,
    property tax, assessment tax, water charges,
    common electricity charges, elevator charges and
    charges for hired help, like the garbage cleaner
    and security.
  • Find out how much is the maintenance charge, what
    is including and now included in the charge. For
    example, car parking charges may be separate.
  • If you have a car this must be an important
    question to ask. Will car parking be provided and
    do you have to pay extra for it? Check with the
    seller of the apartment if his/ her parking slot
    will be made available to you.
  • If your previous owner did not have a vehicle,
    speak to the secretary of the society and ask for
    a parking slot.

7
Conclusion
  • Now I have sure you get some clue about what are
    the things require to check before buying an
    apartment. The above all valuable tips you must
    follow with that if you have other things you may
    add.
  • I hope this thing will definitely help you for
    your betterment.
  • Now looking into this If you are planning to buy,
    we have an option for you - Gated Community Flats
    in Amaravati, Vijayawada.
  • The Grand Capitol offers very Sophisticated flats
    and apartments projects in Amaravati and Guntur
    with world class amenities at enriched
    environment. Thank you.
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