Things to Look Out for when Viewing a 2BHK Flat in Kolkata
Are you ready to purchase your own 2 BHK Flat in Kolkata? Now that you’ve got a budget and a location, how do you decide what to do next? We’re here to help find the perfect home in your price range. Investing in your first property can help you to realize the high returns you deserve. You may pay a little more initially, but in the end, it’ll be worth every penny. To ensure that you’re getting something safe, do your research and ask for written terms of guarantees when buying land plots.
When you’re looking for home buying tips that are credible and published by experienced property experts, sometimes it can be hard to find them on the internet. A lot of times, they are just a collection of thoughts collected by someone else. This is hard to do sometimes because people need a lot more time to collect ideas and spark creativity. Don’t worry. Our team of expert advisors is here to help you with everything from getting your quote and getting a buyer to negotiate the price.
- Price Verification
Before you look for apartments in Kolkata, it’s important that you know your budget. This is because 3 or 2-bedroom apartments in the city will usually have a certain price range depending on the amenities and location of each one. Once you get your price quote from the developer, compare it with nearby property prices and areas. Compare how much difference there is in Kolkata for 2BHK homes according to your preference of budget and location.
- Keep a keen eye on every detail
Keep an eye out for potential transfer of title and make sure that you know where the property you’re buying comes from. These are just some of the important steps to take before going under contract with a seller. The second part of your purchase agreement is the allotment letter. That’s the one with all the terms & conditions on it. Make sure you’re clear on whether you’re buying or building a home before signing anything. Also, check your property tax and other utility bills to make sure they’re up-to-date with their fees.
- Locality
Before you invest in a 2BHK flat in Kolkata, check out the area it’s located, to see if there are schools, hospitals, and other places nearby. Also, make sure that the location is well-connected to roads and public transport.
- Know the Maintenance Charges
People often do not ask what they will be charged monthly & yearly to keep their property in Kolkata. It’s a mistake that you make though, but you avoid repeating it. Maintenance fees cover a wide range of charges, like assessment & property taxes; electricity and water; elevator/garage charges; and more. Find out what your total is by adding up all these charges, and then you’ll have your answer.
- How long does the project takes to finish?
If you are buying a home in an under-construction project, it is best to prepare for on-time delivery. The timing of the project depends on several factors like the supply of materials, sales at the property, and construction speed. As long as you have realistic expectations and take the time to prepare yourselves & your household for all potential contingencies, you should be fine. Developers sometimes include a grace period in their contract that lets the client decide whether or not they want to push forward (e.g. 6 months) with the project, before penning the final contract.
- Apartments vs Independent Homes
Whether you decide to invest in 2-BHK apartments, or an independent house, is up to you. Apartments have all sorts of modern amenities such as a gym, swimming pool, and playground. The lifestyle is better with all of the amenities provided all in one location. Besides, it’s always a wise decision to invest in flats rather than single-family homes.
- Study the Developer`s Track Record & Previous Projects
Take into account the developer’s previous work on other projects in Kolkata. Get an idea of the project’s RERA registration as well. Consult with potential brokers (experts) for advice on what to do. However, by doing your own research you should be able to find the right broker that can help you.
When you’re looking to buy a building in the eastern part of India, be sure to assess whether or not the construction quality is satisfactory. If it is, then this is an indicator that he will meet your needs as well. Check if the developers of this building have previously been involved in a lot of disputes and failed projects or if many people were not happy about the outcome and left the building prematurely. You can speak with a previous resident about how the project turned out, or check to make sure that it was completed on time.
- Hire A Real Estate Agent
A good real estate agent can answer all of your questions and guide you in the proper course. Even if you aren’t ready to buy right now, they’ll still be of great use in guiding you in general. You can start deciding on prices and homes under your selection criteria once you’ve been pre-qualified and have gathered information from multiple real estate agents.
Sellers are very common and it’s not difficult to find a seller for your property of dreams. You just need to work with someone who will listen, handle business professionally and provide you with expertise. To ensure a successful process, please be sure you hire and work with qualified real estate agents.
- Set Your Requirements Standard
Connectivity and Accessibility
When travelling by car, consider how well the transit links are and which road connections are faster in regards to your work location. If travelling by car is not an option during peak hours, it can still help to measure the time taken to get from your home to your office. If you’re travelling by rail, notice how long it takes to get to the station and whether transportation to and from the station is readily available. Any forthcoming infrastructure improvements may improve the project’s connectivity
Social Infrastructure
Imagine you’re a Resident of 2 BHK Flats in Kolkata. Consider where your children will go to school or play, where you will shop or watch movies, where you will buy groceries, and where the nearest hospitals and banks are located. If you’re looking for a great place to find local recommendations in the area, talk to someone who lives in the neighbourhood first before going online.
Possession Date of Your Property
You`ll have the option to move into one of these Kolkata pre-EMI residences when the construction is complete, which can be less expensive than those that are ready for occupancy. They come with prepaid EMIs instead of payments that go up after you take possession and move in. Make sure you can fund your cost of monthly payments and rent for the amount of time the home is building if you`re planning to spend a lot of money on renovations.
- Stamp Duty and Registration Fees
If you want to be the sole owner of 2 BHK flats in Kolkata, make sure to register them in your name. It’s always good to pay the government whenever possible.
- GST (Goods and Services Tax)
The GST is a state tax and has several exemptions. Property buyers used to have to pay the VAT and Service Tax, but the GST has replaced both of them. Remember that only properties which are still under construction will be affected by the GST. So, if you`re investing in 2 BHK flats in Kolkata that are still under construction, you`ll have to pay the GST.
- Parking Expenses and Maintenance
Most residential houses now come with parking spaces. This can help you save costs & improve flexibility in your daily life. In addition, society maintenance fees will make sure that things are checked regularly and you’ll have peace of mind that there’s no damage to your precious house. It’s a good idea to investigate the rates that certain residential buildings in Kolkata before moving in.
- Additional Preferential Location Charges
PLCs are another thing to consider while looking for a project in Kolkata. It’s no doubt that Kolkata is a lovely but congested city. If you want to live near the sea, you`ll have to pay a lot of money. Areas near airports and other tourist areas will see changes in price.
So, you’re wondering if it’s worth it to purchase 2 BHK properties in Kolkata? To put the scale of this decision in perspective, think about your family for a moment. It is possible for one person to provide care for two children and to have time with their spouse. But when you buy property more than that is difficult to achieve. By performing proper due diligence – doing all the research you can think of and learning as much as possible about what the apartment will offer – you’ll know exactly what to expect for yourself, and for your family, once you’ve purchased it. When you’re looking to buy a home, keep these things in mind. It will make it simple for you to purchase your dream 2 BHK flats in Kolkata.
