Buying A Flat In Chennai – Have This Checklist

Good news for aspiring home owners who want to invest in flats, apartments or houses in Chennai. There are a number of flats for sale available in Chennai, spread across the cityscape, giving new homeowners a wide choice of homes. But if you are buying a flat you need to keep a certain aspects in mind, such as-

1. Lifestyle

You should see whether the people living in and around the society have a lifestyle which is similar to yours. In terms of hygiene, cleanliness, love for nature and so on.

2. Commuting

Before you select a flat or apartment or even a house for sale in Chennai make sure that the locality has accessible modes of communication such as bus stops, stations, airports etc.

3. Security

Always make sure that the building or house that you shortlist is situated in a secure area. CCTV cameras and gated communities are number one criteria for new home owners.

Buying A Flat In Chennai - Have This Checklist

4. Basic Amenities

Such as adequate water supply, 24 hour power back up, efficient security systems, parks for the elderly, play areas for children, parking space, supermarkets, banks, ATM machines etc. are a must for every society. People moving with their families or even if they are single, do need all these basic amenities to live a comfortable life. If you are paying, you should get value for money. Also, if you are shifting with your family, make sure you buy a flat or a house for sale in Chennai which is located near a school.

5. Property Registration Charges

Whether you are buying a flat or a house, you need to pay property charges, which is somewhere in between 6 % to 7% of the total cost of the property.

6. Current Home Loan Scheme

If you want to buy a flat and are taking a home loan for the same, make sure you know all the important rules and regulations concerning the loan. Some banks may cheat you by saying that there are cheaper interest rates available, but these rates are available only for the initial years. When you take a home loan, you need to pay some home loan processing charges. Sometimes it is just 7000- 8000 but some banks charge a certain percentage of the cost of the property you are buying.

7. The Cost of the Basic Facilities and Amenities provided by the Builder

Builders tell you that these amenities are a part of the house or flat you are investing in, but sometimes builders charge extra for the maintenance of parking lots, water supply, security etc. So beware and careful.

8. Additional Charges for Any Extra Facilities or Renovations

When you buy a flat or a house, you may want to some more additional facilities for your home. Make sure you confirm the prices for the same in order to save yourself from being conned.

9. Insurance of your Property or Home

Make sure you get insurance for your home, people usually overlook this aspect. But it is very important, especially if your property has a high value.

Valasaravakkam, Urapakkam, Guduvancherry, Mogappaire, Semmenchery, SerisuriPerugundi, Perrumbakkam, Sithalapakkam, Poonamallee,Madambakkam are some of the areas that have independent houses, apartments and flats for sale in Chennai.

Chennai has a lot of scope in real estate, as it does not only have flats and apartments for sale, but also a number of independent houses for sale in Chennai. Hope this checklist helps all those who are aspiring to buy flats and apartments or houses in Chennai.