Owning a home in a city like Kochi is a major life decision. It is an important step before one decides to start a family and settle down. Owning a home also indicates security, stability, and freedom. Considering these important factors, you must take the necessary precautions before making this decision. Although home buying is a tried and tested exercise, the real estate market dynamics are constantly changing.
Major events always affect the buying process, and you must be updated on the probable mistakes that should be avoided while buying your dream home.
1. Unplanned decision making
Buying a home is not a casual process like buying clothes or groceries. It is a major financial decision that requires a serious investment of time and energy. A systematic way of going about the process is by making a list of important criteria for the home you want to buy. The list will include the size, location, amenities, physical infrastructure, and budget. Depending on these criteria you can start shortlisting the locations and projects in these locations by various builders in Kochi. The location needs to have all the basic facilities and be easily accessible to your work location. You must gather all the necessary information about the builders and developers in Kochi for the respective properties.
2. Overlooking Legalities
Considering the high value of land and property, the importance of having clear titles cannot be overlooked. Zero ambiguity in paperwork is non-negotiable. The property and land titles, approvals from all the authorities, and clearance certificates of ongoing projects in Kochi should not only be checked but a copy should be demanded in order to be on the safer side. These documents should be verified by a legal counselor before one can think of investing in the home property.
Original article published at https://www.ezeebiz.in/common-mistakes-to-avoid-while-buying-property-in-kochi/