The joy of buying a new home is unparalleled. If you have decided to buy a new home you might have two choices. You can either choose a house that has already been lived in and is up for sale or a newly constructed house. While the former is always easier to house in, there comes a sense of desirability to live in apartments that have not been lived in before- the newly constructed homes.
While properties can be broadly divided into old, and newly constructed. There are several divisions under the latter.
- Full-custom: This is just a piece of land that is yet to get a structure built upon. You have a say in everything.
- Semi-custom: The basic structure is mostly built, but you can still make small changes in the structure.
- Newly-constructed: The home is fully constructed but has not been used or modified beyond basic construction.
Heed these tips to avoid hurdles down the lane when buying a newly constructed home.
Engage in research
So you have decided to get yourself a newly-constructed apartment. One of the privileges of buying a new home is its chances of getting customised. But you need to engage in research to avail its benefits. Don’t shy away from asking too many questions from your builder. From the insurance till the flooring pans, don’t hesitate in asking questions. After all, it is your future home.
Choose your builder
You might feel that selecting the right apartment is all and the only research you need to indulge in. But that is not true. Make sure to invest time researching your builder too.
- Go through their website and social media pages
- Ensure their RERA certification
- Look your builder up online
- Go through their previous projects
Be careful of the fine print
The excitement of buying a new home knows no heights. But don’t hold your head in the clouds to miss out on important terms and conditions, and policies. Documents and warranties from builders could protect the building more than the buyer. Hence, buyers need to be careful of the agreements they sign.
Invest time in inspections
Most people believe that home inspection is only necessary for homes that have been lived in already. Contrary to popular belief, home inspections are vital for newly constructed homes. You would not want sockets and electrical outlets in unfortunate corners or have an awkward nail left naked. Make sure you allocate time and make enough rounds before finalising the best house for yourself.
Walkthrough the neighbourhood
So you have decided on buying a new home where you wish to watch your future stories unravel. The apartment has just the right features, almost tailor-made for your choices. But this is not enough. Take some time out to stroll through the neighbourhood in search of amenities. Running essential errands must not feel as far as the moon. Make sure that the claims made by your builder are not just limited till their banners and brochures.
Think your decisions through
With a newly constructed home, the ball is in your court with regards to the modifications. Make sure you choose the best options for your home to go ahead with. From flooring and electrical placements to kitchen and bathroom fittings, this is the best time to make modifications without disturbing your lifestyle. While this is the most exciting part of buying a new home, it is also vital to be observant.
Wait it out
Finally, have patience. A newly-constructed apartment is an empty canvas that you pour your ideas out in. Plan your paperwork well in advance. Get in conversations with people who moved-in to similar apartments to get a rough idea of the money you will spend. Keep a buffer period between the final date of renovations and the day of moving in to ensure everything is just the way you want.