Things to remember for first-time Apartment/Plot buyers

Here, let's hear the tips for the first time land/ House buyers in Chennai.

Plan your budget

First & foremost criteria is the budget planning. You need to work on the budget on downpayment to be paid & loan % to be claimed. Most of the builders have tie up with a few banks which offer minimum 80% of bank loans. And the remaining 20% has to be planned as a down payment. So plan accordingly.

Choose the right location

Choosing a location that is rich in natural resources will be beneficial for you. And also research on the market places, distance from your office, Nearby hospitals & also educational institutes.

Check credibility of the builder

Before you book your apartment/ plot, research on the builder information like, No of projects completed & duration of the project completion. Also check on the handover date if you're going for the construction in progress site.

Final evaluation of a property

The cost of an apartment or plot may fluctuate as there are some specific and additional charges which are levied from you. This might include the charges of the maintenance of flats, security charges. Thus, go through all details regarding your property before final payments.

As discussed on the above points, These are the few points on tips for the first home buyers.