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7 Things to Ask Before Buying an Apartment

Potential home buyers have plenty of choices as demand for apartments is increasing. But before you sign on the bottom line, make sure you ask the following important questions.

Who are the Developer and Builder?

Potential homebuyers need to check the record of the developer or builder before making a decision. Is the builder known to use good quality material? Do they deliver on time? If you have enough time, you must visit previous properties built by the builder and ask the residents for their opinion. Most builders have impressive track records thanks to their marketing team but in reality, they deliver homes with sub-par quality standards.

What’s the Parking Situation?

Many builders charge for parking spaces separately. In such instances, it is always better to mark your parking space and have it mentioned in the documents before you make the full payment. Many buyers pay a premium for car spaces but don’t end up getting one. Be aware of such projects.

What about Developments Nearby?

Development in the area of the property will determine the profits you will reap in future. Consult a market analyst before you pick a location. Find out if you may suffer from a loss of views or amenities because of the development. Find out how frequent you will experience road closures, so you need to get an understanding of what the effects of any developments will be.

What are the Vacancy Rates?

A building’s vacancy rate is a good way to gauge whether it is a good financial investment. If the Vacancy rates of the area or the building are high, then it is not the right investment for you. Although it is not easy to access vacancy rate information, it’s worth a try.

How Close is it to Public Transport?

Access to public transport is important for homebuyers. Are there any train and bus stations nearby? Is the building located at a walking distance from the nearest auto stand? Can you book a cab easily even during late evenings? How far is the Airport? Does your office provide a cab to the location? All these factors come into play while buying an apartment.

What about Security & Maintenance?

Is there an active building association? Are CCTVs installed? Does the building have 24/7 security personnel? Do all building residents contribute actively to building maintenance? One of the disadvantages of apartments is to have a consensus of apartment residents for building maintenance. The maintenance of buildings suffers when the residents are least bothered.

What is the Quality of the Internal Fittings and Fixtures?

Check what the finishing of the apartment looks like. How many power points are provided? Is the apartment designed for good ventilation? Look for shared walls. Nothing would be worse than sharing a window or balcony with your nosy next-door neighbours’ room or common area. Look for cracks and undulations on walls. Inspect the electrical fittings. Check the plumbing. Check for proper sealing in the case of sliding windows.

Buying an apartment comes with its own pros and cons. It can be nerve-wracking for first-time buyers. Knowing the right questions to ask when hunting for an apartment puts you in that get-to-know-you space with each prospective home. It ensures the time you spent touring a potential home isn’t a waste of energy and gives you a chance to see if the space, and the builder, are the right fit.

Best 2bhk and 3bhk apartments are for sale at Lakshmi’s Cadillac in Kondapur and Lakshmi’s Emperia in Miyapur. Both projects are built by Lakshmi Infra, the leading and reputable civil construction and Real Estate Development Company of Hyderabad. The company is supported by industry-leading engineers. Your investment here will make sense as the quality of homes in both projects is outstanding. The icing on the cake is the amazing connectivity of both projects. All reputed schools, IT sector, medical institutes, malls, entertainment zones, restaurants, etc are minutes away. Lakshmi’s Emperia is minutes away from Metro Station which means an easy commute. The project also has a designer landscape, yoga space, skating rink, rooftop pool and many such ultra-premium amenities. Lakshmi’s Cadillac has a 22,000 Sft club house, landscaped garden with water body, multipurpose court, etc. Both projects are well connected to everyday essentials. Register your interest by mailing to marketing@lakshmiinfra.com today!

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