Are you planning to buy Property? Why are site visits important?
Buying a home is not an exercise to be carried out carelessly. Site visits are an absolute must if you’re considering property purchase.
Nothing beats a face to face encounter – whether with a person or in assessing a potential property you seek to buy. This is especially important when you are hoping to buy your dream home – and is, in fact, one of the most important steps in the process of buying a house. When you are all set to buy a home, your investment in the purchase is a high price. It isn’t easy to part with so much money, and therefore, it is important to understand what you are buying, and what you are getting.
Here are a few reasons why you should go for a site visit:
* To ascertain legality of the construction. It is vital to understand that all the legal documents are in place, and that the developers have a right to possess and develop the land. This is especially relevant for buyers planning to purchase a unit during pre-launch. Visiting the site can help such buyers ascertain the all-important land ownership.
* To understand the amenities being offered by the proposed or completed project. Projects of every kind offer variant types of amenities that range from indoor to outdoor gaming spaces, health centres, gyms, community centres and club houses, and swimming pools. These amenities may come in at a cost included in the cost of the apartment or maybe chargeable separately – to know what you will get, seeing it up close helps.
* To understand the cost and quality of maintenance. If the project has plenty of amenities and spatial upkeep needs, there may be a need to pay a high fee for the maintenance.
* To know the kind of fittings and electrical equipment that is being used. It is important to keep track of the brand name of the fittings and electrical equipments that are being used. This will also help you understand the quality of construction.
* To see the quality of repairs and to interface with the developer to ascertain whether he will take up the responsibility of repairs. It may also help you reduce the extent of your insurance costs.
* To see if you have to have any pre-approvals for the loan taken by your bankers, it is important to understand how far your property has been structured. Pre-approvals will also impact the loan’s processing time.
* To know the projects and extent of development in the vicinity. While you are residing in the property, it is important to understand what your surroundings come with. Better roadways, railways and other networks will raise the value of your home.
