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THINGS TO LOOK BEFORE BUYING A HOUSE

Posted on Monday April 23rd, 2018

Buying a house is a remarkable memory in one’s life as it involves expenditure of huge amount. Some people manage buying a home through their savings; others depend upon “Loans to Fulfill their Dreams” of possessing a house. A perfect paperwork should be the only criterion to buy a new house. You should exercise upon whether the builder has all the necessary paperwork done before you invest in a project. We list out certain precautions that you must take before buying a new house. It is of utmost importance to check the title deed of the land as it gives the clarity whether the builder owns the property being sold and he has the right to sell or transfer the ownership. These are permission or approvals and No Objection Certificates that allows the builder to start actual construction work legally. You must verify all the documents like the layout plans have been approved by the concerned authorities. When you have cleared all the process, check if everything you were promised has been mentioned in the purchase agreement. Buying a new house is a big investment decision of your life so be ensure that your investment is safe.