Things to keep in mind before buying flat

Q: Hi..my uncle is planning to buy a flat. Could you please let me know about the things to be kept in mind before buying flat..??

Deepak, Chennai

17th January 2013

Investment Advice in Hyderabad

things to keep in mind before buying flat

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I'm an NRI and would like to put my recently inherited property in Hyderabad on rent. Due to the fact I am established out of Dubai, I haven't any instantaneous use of my flat. I do not want to sell it off as Hyderabad realty market appreciates every year.Since I am unaware of the rental market of Hyderabad, kindly suggest the dos and donts

Gautam G,

28th December 2015

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I think you should involving a broker or an agent which is always considered safe. The agent will be responsible for vetting potential lessees and can also help you in case a tenant refuses to vacate the flat.

V. Victor,

28th December 2015

After finalising the tenant, the agent will support in checking your tenant’s background. Police verification is a need to. The police will keep a duplicate of all the records submitted through you and the tenant for their reference. If the tenant has a historical past of criminal activities, it is bound to surface.

Jagraav P, Hyderabad

28th December 2015

Hi, I have read somewhere that the rental agreement should cover the term of the lease, monthly rental amount and security deposit. It will have to specify all the terms and conditions such as who will pay for utilities water, electricity and maintenance charges. The purpose of tenancy should be clearly mentioned, such as whether the property is being used for commercial or residential purpose. If the rental agreement is set to expire and you and the tenant agree to extend the term of the lease for a specific period, then the extension should be in writing.

Raajan, Hyderabad

28th December 2015

Rent out your own home for a shorter interval. The common rent agreement is made just for eleven months. There are agreements where you can go for a 36 months’ hire contract. Nonetheless, experts say that the shorter the period of rent contract the safer you're. If you do not want to go forward with the equal tenant, this manner you have a scope to re-consider.

Jagraav P, Hyderabad

28th December 2015

Hi, Recently I have brought property and I have followed my own way to finalizing my home:
1) Start with your credit
2) Set your budget
3) Line up cash
4) Find an agent
5) Search for a home
6) Make an offer
7) Enter contract
8) Secure a loan
9) Get an inspection
10) Close the deal

Sharan Basappa, Hyderabad

27th August 2015

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I am new to Hyderabad and this was my first trip for a flat search. I just want to know What are the things to keep in mind when buying a new home?

Dhananjay, Hyderabad

27th August 2015

Comment

Hi I can understand your feeling, buying a new house can be a life-changing experience which involves spending whole life’s savings. While making a safe purchase it of utmost importance, it is also necessary to make the right purchase and for this understanding market is one of the big tasks. I would like to suggest you first select localities and explore it through various sources like internet, walkthrough etc.

Sridhar, Hyderabad

27th August 2015

Important things that you must keep in mind while finalising a new home are as follows:
1. Locality
2. Price
3. Documents
4. space
5. storage
6. ventilation
7. Quality of structure
8. Hidden cost
9. Resale value
10.Security

Bharath Konda, Hyderabad

27th August 2015

Is it necessary to obtain the completion certificate from the builder.?? what are the consequences it is not received..??

Deepak, Chennai

18th January 2013

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