From conveniences to costs, there are many things that one should know before buying a flat. Because there are a large range of flats springing up, homebuyers often get confused so as to how they should choose a flat that is best suited for their overall requirements. Here are a few things that you should know before you buy flats in the GST road area or in other regions, so that you can make an informed choice:
Apartment ownership costs and legalities
Apartments are relatively affordable as compared to independent living spaces. Hence, buying an apartment will serve as a great investment if you come with a prescribed home buying budget, especially for first time home buyers.
You should also have a comprehensive idea of the complete ownership costs that include charges related to parking, registration, furnishing purchases, stamp duty, and other things. This will roughly be about 5 to 20% of the apartment’s bare cost. Apart from these factors, you must also check whether the flat you are deciding to buy has designs and plans that are government approved and have compliance with the mandates that are prevalent.
Location
You must choose the location of your flat keeping in mind your professional and personal life. It should be in an area where you are personally able to access different facilities and amenities, primarily, the schools, place of worship, hospitals, etc. Similarly, try to buy a flat in an area where you have good connectivity to your workplace.
Apartment area
Consider these three main areas when you think of apartment area:
Carpet area: The actual area of the apartment
Built-up area: The area that is the result of adding the area covered by the walls and the carpet area
This important information will highly benefit you when you go on to buy a flat. There are great options for flats in the GST Road area in Chennai that you can check out in the process of finding the best flats available in the real estate market right now.
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