Investing in residential property? A site visit is hugely important that help you know in the home-purchasing process and book and check if there is any deviation from what you have been really promised.
What you see is what you trust! Face-to-face encounter is one of the most important steps in the home-buying process and shouldn’t be abandoned at any cost. Investing in residential property involves a huge sum of money, therefore, one should be very alert in assessing the property before you are all set to buy one. See the property site and understand what you propose to buy and get.
Here we list you some important reasons why a site visit should be undertaken without exclusion.
Get to know about the amenities being obtainable by the project you planned to purchase. Various lifestyle facilities like clubhouses, swimming pools, health centres, gyms, sports arenas, and community centres are being promised to offer when you book is an apartment or a
residential property of any type. By taking a site visit, you may get to know if all these assured amenities are provided. Also, you can have a clear-cut through if the cost for these facilities is included in the cost of the flat or charged separately.
The cost and quality of project construction and preservation can be analysed while going on a site visit. You may need to pay a higher conservation cost if the project includes plenty of amenities and if there are any longitudinal upkeep needs. Understand this background by going in person to the site and speaking to the builder.
Verify the brand and quality of the electrical fixtures in the newly built home. Keeping track of these will enable you to prevent building errors that can compromise quality. Check the quality of the repairs and ask the developer if he will assume the cost of any necessary repairs to assist you save money on your insurance.
Check to see whether there are any interest subsidy programmes in place, where the developer offers to cover the interest on the loans until possession. This ensures that the project will be delivered on schedule.
By taking a site visit, you can get a clear understanding of the growths happening in and around the area and that might add up to the value of the property. The environs of the neighbourhood, transportation and other values that you needed for a comfortable and peaceful living can be assessed.
Last but not least, the validity of the property is very well ascertained in a site visit. It is important to understand and know all the legal documents and agreements are in place that let you have whole ownership of your property. Check for the brochure, blueprint and the actual project plan when you visit the site and make sure there is no unconventionality in all these things.
Nowadays site visits are mostly given by the developers themselves. When you browse through the net, you can get to know all the information about the project and the developer’s permits. A site visit is even premeditated and sometimes offered by the developers themselves. Though you can go on a virtual tour of the property and cruise the videos and photographs of the property, a traditional site appointment is much more needed to know the real alms of the project.
Purchasing a home is not a simple thing to be carried out easily. It has to be prudently analysed and measured to avoid any misdeeds. Site visits play an important role in this process and help you buy your dream home or property the way you want it.
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Akanksha Kharat
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