What you should know before buying a house

Now that you get hold of your dream home and seriously think of buying it out..Wait! Don't haste and take decisions as there are lots of things you should be knowing and understanding before getting the formalities done. It is not really easy to finalize the agreement as soon as you like a property. There are many things as of information which you may not be aware of and should know before signing on the agreement. Try to get the answers for the following questions before you sign on the agreement:

1. Do you know the actual price of the property you are planning to buy?
In many instances the price that we know is not the actual cost that we need to pay. The actual cost may always differ than what has been told to us by the builder, as it may iinclude lots of other additional charges such as water charges, parking space, electricity charges and much more.

2. Do you know the actual area of the house?
This too can differ in many cases. You need to be clear whether the area that you know is the carpet area, built-up area or super built-up area.

3. Are you aware of the actual date when the property that you are planning to buy will get completed?

This also in many instances vary from what is been actually promised by the builder. This depends on the progress of the work as well as

4.The property or the flat you plan to buy will get OC?
  
Once you get all these answers then only go a go ahead signal to the builder about finalizing the deal.

Things you should take care before signing the agreement:

- See that you read the agreement thoroughly.

- Always check for any hidden costs if any.

- Try to do research on the builder and his previous properties before you buy the flat.

- Keep a check on the construction progress.

- Get lawyers help before you buy the property to recheck the agreement.

More additional and detailed information read What to look out before buying a house?