Buying A Residential Property? Remember This Tips

By Author: Akshay Argade
Total Articles: 38
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Are you planning to buy a residential property? These tips will definitely come handy for you. Check them out.

1. I know that when buying a property, and specially if that's a residential one, the excitement surpass all other emotions. But hold on. Don't jump on to any newly launched projects. Most the times the newly launched ones are still pending all the required permissions.

2. Before going forward, take into consideration all the related costs. Most of the time what is marketed is the base cost. You may jump on thinking that suits your budget and make the downpayment. But soon you will realize there are more to it. Registration of the property, insurance, taxes, association registration, etc are huge enough to fail your budget. Always consider that you have to shell out about 25% more than the reflected amount. Plan your budget accordingly.

3. If you are buying a residential property, always set your priority correct and beforehand and stick to it. For example, suppose you are buying a flat to stay near your workplace, and it should be easily commutable and it should have good facilities and so on and ...
... so forth. Therefore your priorities are 1. workplace, 2. easy to commute 3. good facilities. Start looking for a property that is on first hand near to your workplace; after that criteria is fulfilled then look forward to it commuting options and then to the facilities. That way you will not deviate from the main reason for your buy. Suppose you end up buying a flat with wonderful facilities but far away from your place, eventually you need will seem not satisfied.

4. The final one is depending on a dependable agent. Everyone has their own expertise. You may not be an expert in studying projects, appreciation and depreciation value, loans and taxes. Therefore it is always better to rely on a good agent.

Going forward with the property, if Parel is your zeroed area, then Akshay Argade has some wonderful options for you. Akshay Argade has been established in 2012 by a management graduate who envision 'to provide the best, to the best'. Presently they are exclusively marketing a luxury residential project in Parel. The project consists of 2 towers in a 3 acre plot. One tower is 65 storied and is presently 90 percent completed whereas the second tower is 55 storied is in pre-launch phase. There are 2 bedrooms and 3 bedrooms residences that are available for purchase and the price starts from 3.7 cr and from 4.4 cr. respectively.