Property Maintenance Charges

1
MAINTENANCE CHARGES FOR YOUR PROPERTY
2
MAINTENANCE CHARGES FOR YOUR PROPERTY

• A major responsibility of owning a property is
  the regular maintenance of your property. If you
  are planning to buy a property there are
  maintenance charges you need to pay. buyers often
  ignore maintenance charges. but it is one of the
  main key factors when it comes to home buying is
  considered.

3
Calculate charges before Booking itself

• All the housing societies require the
  residentials to pay the maintenance charges it
  may vary from project to project. buyers must
  check maintenance charges before booking the
  flat. this should be calculated before you
  decided to pay the booking amount to the
  developer. then you will get an idea of how much
  you need to pay as maintenance charges. for Plot
  Maintenance Services check "Plot Monitor". they
  provide Monitoring Maintenance Services for
  Plots. along with plot photos.

4
How do you calculate the maintenance charges for
your new house?

• Maintenance charges vary for societies. for
  instance in a society where all the flats have
  the same size then it will have a fixed price
  which is applicable for all flats in the society.
  if the size of the flat is differed then based on
  the size of flat maintenance charges also differ.
  size of flat is an important factor to determine
  the maintenance charges. based on the service
  provided also. charges will vary. for instance
  apartment with an area of 1500 Sq ft, charges may
  be RS 3 per Sq ft. so roughly it may cost you
  4,500 per month.

5
Time to Pay

• Builders will ask you to pay maintenance charges
  at the time of possession. charges will vary
  based on the amenities and location of your
  societies. some builders will ask you to pay
  maintenance charges for two years at the time of
  possession. but it depends on the builders and
  time taken for forming RWA.

6
Pay after the Registration

• Some builders ask you to pay maintenance charges
  along with electricity meters and other charges
  before giving a key. if the project registration
  is not done then you should not pay the
  maintenance charges until it gets registered in
  your name. it is always better to pay charges
  once you got an occupancy certificate from the
  builder. for Property Registration Services
• Once the RWA is formed in your society. you
  should take part in the process and make sure the
  maintenance charges are reasonable.