To buy a 3 year old house (Flat) in chitlapakkam

Q: plan to buy a 3 yrs old 859 sq.ft flat in main area of chiltapakkam now and after one or two years going for sales...can i get any benefits...pls any suggestion?

Saravanan Muthu,

23rd February 2015

Investment Advice in Chennai

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Generally, the maintenance charges in an old property are comparatively low because of fewer amenities they come along with. But you must check how much you have to pay for common spaces. In some cases, certain amenities are offered free of cost in older buildings.

Pavan kumar, Chennai

24th February 2015

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Hi ,
One must also consider the recurring revamping cost like painting, water-proofing and structural repairs associated with older properties.

Dwarkesh,

24th February 2015

Hi,
Buying a property is the biggest investment one makes in his/her life. Hence, one needs to be completely sure of what they are putting their money in, so there are no future risks. If you are considering buying an old apartment you should be more clear in terms of legal,home loan, finance, maintenance issue etc.

Pavan kumar, Chennai

24th February 2015

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