A checklist for buying a house
Keep an eye out for structural condition of the property and whether alterations made have been approved
Knowing the right questions to ask and if permissible engaging expert advice can definitely help you make a sound investment for your future — whether one is buying a home to live in with family or for investment purposes. It is critical to understand that the decision to buy any property requires a long-term financial commitment. The ‘urgency’ factor of moving into one's home will largely depend on one's disposable income and the decision to invest either in an under-construction or resale property. However, prior to making any such decision, it is always wise for the buyer to consider the associated risks that are involved in buying property and evaluate the same, before making a financial commitment.
For all properties, regardless of age and design, basic checks should include the structural condition of the property; electrical wiring; plumbing; insulation; alterations which have been made to the original floor plan and if the same have been approved and assessed by the local development authority. It is also advisable to consider what the immediate and future maintenance require-
ments of a house might be.
Outside the property
Does the building look structurally sound? Are there enough open spaces and common areas? Has the project been approved by the government and other requisite authorities Is there scope for further improvement/expansion of the property
Inside the property
What is the condition of the house — look for signs of seepage, structural damage Is the size of the house in accordance with your immediate and future requirements Is the flooring intact and level Natural light and ventilation Do the doors and windows operate properly Check for the safety of electrical fitments and plumbing