How to do proper research before buying Property
Verifying documentation is one of the most important aspects of
buying property. Improper documentation will lead to a lifetime of woes. Many
homeowners have been cheated of their earnings and savings by unscrupulous
builders. Choose reputed and respected Kovaipudur builders for your property
and you will be able to reside in peace and enjoy the comfort and luxury of your
homes. Here are a few important facts that you need to be aware before you buy
your property.
Clear title
Regardless of the type of property that you plan to acquire, you
need to check if the property has a clear title, free from litigation. It does
not matter if you are looking to acquire villas, or apartments. The
documentation is more or less the same. With online verification processes it
is possible to ascertain if the property has a clear title. Spare yourself a
lot of trouble by choosing a property from respected Kovaipudur builders with clear titles.
Necessary commencement and completion
certification
The property you acquire should have the necessary commencement
and completion certification. This is typically issued by the local body
authorities. While many individuals and families are happy to just look for
basic documentation, it is important to be in possession of all necessary
certification and compliance reports. With fire hazards increasing in many cities,
it is also necessary for the developer to obtain necessary reports from the
authority.
Green belt land
If
the property you intend to acquire forms part of a green belt where
construction is not permitted, you would end up in problems. Therefore ensure that the builder has
complied with all conversions requirements before undertaking the construction
of the property. Similarly, land that is
adjacent to airports would have restrictions on the height of the buildings. Choose your location after a thorough vetting
of the documentation.
It
is important that you choose your property after going through the
documentation in detail. The property should have a proper mother deed,
necessary EC, with an upto date tax paid receipt. This will save you many trips
to various offices to sort out issues after you occupy the property.
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