Trivandrum is the capital of Kerala. It is an upcoming real estate destination as many home buyers want to settle here. The economy is fuelled by the growing IT and tourism sectors. Rapid urbanization is boosting the demand for housing due to which many builders in Trivandrum are constructing new projects here. New home buyers should consider several important facts before buying property in Trivandrum.
Let us look at these:
1. Legal due diligence
Home buyers should demand and verify legal documents making sure the land titles are clear. The property should not have any pending legal cases that might pose a threat in the future. The project should be registered in RERA and have all the required documents. Before getting possession, the project should have all the permissions and certificates that prove its legality. The Completion Certificate and Occupational Certificate are necessary documents before one can get the possession of their property.
2. Physical Inspection
The property should have good construction ensuring a long life. Hire a professional to check if the construction is sound. A physical inspection to check for cracks or defects is necessary so the builder can be intimated immediately. The common spaces and facilities like lift and fire-fighting systems should be in good working condition. The amenities should meet the specifications promised by the developer in their communication.
3. Developer Reputation
There have been many cases of developers duping home buyers by delaying the handover of the properties. By checking the developer’s previous records you can avoid those with a poor record. By engaging with real estate professionals and agents one can get the information and decide accordingly. Since investing in property is a major financial decision, delays or financial losses can upset home buyers. It is best to do the research before making the down payment.
4. Location
Location determines many important factors about the apartments in Trivandrum. Pricing is most important aspect that one should consider before buying the 3 BHK flats in Trivandrum. And pricing is determined by location. Some locations are premium while others have affordable flats. One must do research of different locations in Trivandrum to find a flat that meets their budget. It also gives an idea of how convenient it will be to live in the apartment and if it is accessible to schools, colleges, hospitals and shopping centres.
These are important facts to observe while buying 3 BHK flats in Trivandrum.
Original article published at https://www.ezeebiz.in/important-facts-to-observe-before-buying-3-bhk-flats-in-trivandrum/.