Basic things to check while buying your dream home
SQUAREFEET
By Arwa Navlakhi and Anee.B
Here’s a handy A to Z checklist for
first time property Buyers from Squarefeet.
Amenities
Association
Accessibility
Age of building
Appreciation
Allotment Letter
Approved Plans
Built Up Area
Brokerage Fees
Carpet Area
Clear Title
Construction stage
Common Area Share & Maintenance
Construction Agreement
Cracks / Ceiling seepage
Developer
Deeds
Depreciation
Down Payment
DC Conversion Certificate
Encumbrance Certificate
Encroachment
Exit from investment
Equated Monthly Installment EMI
Electricity & Power Back up
Floor Plan
Fixtures & Fittings
Freehold
Floor Rise
Facing / View / Vaasthu
Fixed & Floating Rate of Interest
Fire & Safety Certificate
Home Inspection
Hazard Insurance
Inventory List
Investment
Inflation
Joint Holder
Joint Venture
Jurisdiction
Location
Loan Amount
Lawyer Fees & Legal Opinion
Market Value
Municipal Corporation Approvals
Memorandum Of Understanding
Maintenance Charges
Negotiation
No Objection Certificate
Neighborhood
Occupancy Certificate
Offer ( sale / purchase price)
Outgoings
Proximity to schools,
hospitals, markets etc
Payment Terms & Break Up
Power Of Attorney
Prime Space
Premium (Higher price than market price)
Pre & Post Launch Offers
Possession Letter
Property Management
Pre closure
Property Tax (payment and paid receipt)
Registration Charges
Resale Value, process
Rental Viability
Realtor
Stamp Duty
Sanction & Site Plan
Society Norms
Sale Agreement / Deed
Survey
Transport feasibility
Taxes (Capital Gains, Short / Long Term, VAT , Service
Tax etc)
Track Record Of Builder & Timely completion
Transfer Fee
Tripartite Agreement
Walk Through
Warranty Period
Water facilities
Yield Capitalization /
Rate
