What Are The Common Mistakes That Should Be Avoided While Buying An Apartment?

We all have a picture of our dream apartment in our minds where we can lead a luxurious and healthy life with our loved ones. It takes years of savings and critical planning to make our dream turn into reality. We need to be very cautious while buying an apartment so that our hard-earned money and planning are not wasted.

Today, let us have a close look at the 5 common mistakes we make while buying an apartment to help those who are planning to buy an apartment don’t repeat the same

Crossing the limit of your budget:-

Buying your dream abode is an emotional decision rather than a practical one. We all want to provide the best for our loving family and in this process, we often end up buying an apartment that is more than we could afford and we often get trapped in debt for years. So, it is better to be safe than sorry. We should buy an apartment which comfortably fits our budget. If you are in search of your dream apartment in Kolkata, Narendrapur, Kamalgazi areas near E.M Bypass will be perfect for you. The apartments in those areas are built by some of the top real estate companies in Kolkata like the Rajwada Group, Srijan Realty Group, and Siddha Group, and are a perfect blend of luxury, comfort, and affordability. The apartments have some uber-luxurious facilities such as a rooftop swimming pool, gym indoor badminton court, inbuilt jogging tracks, state –of –the art clubhouse, a large garden area, vast open spaces, a swanky lounge area, etc under the same roof. Some of the apartments even have a designated office area to add the cherry on top. You can dive into a pool of luxurious serenity in these apartments without spending much.

Not checking the quality of construction:-

"All that glitters is not gold". We often judge a thing by only seeing the exterior. Many apartments look very beautiful from the outside but from the inside, they may be a nightmare and we need to spend a lot of money on repairs. Moreover, ensuring the safety of our loving family is very much important. Often we hear and see incidents like an apartment getting damaged or a part of it falling during natural calamities. This is mainly due to the poor construction quality of an apartment so it will be a very wise decision to hire a structural engineer to inspect the quality of construction of your dream apartment. But, Real Estate giants like the Rajwada Group have many years of experience in the market and the very name suggests Trust, Quality, and Affordability.

Wrong mortgage plans:-

We often tend to visit a bank’s website and use calculators to assume how much we can get as a loan amount. There is a big difference between what the banks indicate they can lend and what they will. It is important to check more than one bank in the case of mortgages.

Not Checking the Land records:-

We often skip one of the most important steps out of excitement while buying a house or an apartment checking its land records thoroughly whether the plot over which the house is constructed is legally registered or not or whether the plot is cleared of all dues. But it should be kept in mind the title deed must be verified and checked properly as it provides all details on the rights, ownership, and obligation towards the property. Not checking them properly before buying a property may land us in trouble sometimes. Trusted real estate builders have all the necessary documents and will not have any problem showing you the documents while required.

Choosing the wrong location:-

Location plays a vital role when buying a house or an apartment. We should always check whether the property is close to all basic amenities like schools, colleges, hospitals, markets, shopping destinations, etc., how good the public transport facility of the area is, how is the neighborhood, crime rates, etc. But often we end up buying a property by just looking at it and ignoring these vital points and we end up suffering. The apartments in South Kolkata, especially Narendrapur, Kamalgazi, and Mahamayatala are located at a stone’s throw from the Eastern Metropolitan Bypass and have parallel access to the NSC Bose Road and the rapidly developing extended Kamalgazi Bypass. To add more to the list of advantages they are close to not one but a total of three metro stations Kavi Nazrul, Kobi Subhash, and Shahid Khudiram making traveling to any part of Kolkata from those areas a cakewalk. To add the cherry on the top the areas are close to famous shopping destinations like the Wood Square Mall, Reliance Fresh Reliance Trendz, pharmacies, Doctor’s Clinics, reputed educational institutions like Narendrapur Ramakrishna Mission, BDM International, well-known restaurants, petrol pumps, ATM Counters, etc.

These are the most common mistakes that should be avoided while buying an apartment to ensure that it is a perfect buy.

Tanusree is a professional writer working in the real estate field for a long time. She has written many informative articles and blogs on "Real Estate". She has a large reader base that regularly follows her works.