Checklist for Buying a Used Flat
Last updated
Last updated
Reaching a point where you can buy your own property is a moment of triumph! Although it requires a good deal of effort before making a final decision on Properties For Sale in Islamabad – after all this is going to be a huge investment and an asset for life.
Hence, it is important to decide like a pro. Needless to say, the type of property you are going to purchase; plot, already-built house, flat whether new or used – depends on your budget.
To begin with, we will focus on buying a used flat. Perhaps you would be investing your lifetime fortune on it, so ensure some prerequisites before you proceed. We have developed a checklist to equip you with some basics. This list will not only convey important messages to first-time buyers but also help the experienced ones as well.
Market Research:
Despite living in the same vicinity for years, we suggest to check around as much as possible. This will give you a range of options that would satisfy your decision in the end. So spare a good time to visit preferred areas of the city. Meet estate agents but also collect information via other channels. Narrow down your list by excluding areas less suitable, as per your criteria. Thorough market research on Properties For Rent in Islamabad will give you an idea about property rates and industry trends while identifying the best option.
Legal Matters:
The legal side does matter! You certainly do not wish to end up with legislation but have a hassle-free process towards ownership. So as a primary step, get all the facts straight before closing the deal. Check the legal status of the property; verification of title/ownership of the seller or any given information from specific development authorities, clauses on reconstruction/re-sale. Compliance with the real estate/property laws, land revenue and whatsoever by-laws set by the government is crucial. Vetting the authenticity sale deeds and genuineness of documents is a MUST!
Also, the re-registration/transfer/sale/purchase done now is different from the olden days. Properties, years ago, used to get registered with ‘patwaris’ which is now obsolete and the buyers have to face an ordeal getting the transfer done within a new system.
Neighborhood:
I would equally emphasize on this one as it is imperative to live in a peaceful environment – especially when it comes to living in a building where you encounter your neighbors more closely. Some buildings have a family-oriented set-up and a conducive environment and some do not. You can check the rapport from surroundings if considered an essential on your checklist.
Accessibility:
Having a flat in a prime area is ideal. Well, it may cost extra to live in a well-accessed area with a market, school, park, public transport, etc. situated nearby as per your needs. Some of us prefer quiet areas near parks where the noise is only at certain hours of the day. It is recommended for you to visit the flat and building during the day and also in the evening to have a real picture of the environment. If you want to search for the best flats by sitting in the comfort of your own home, you can take help from the internet. Simply look for Homes For Sale in Islamabad online and you will get a complete list of apartments and flats in your own area or your area of choice.
Amenities:
A flat with appropriate space and with maximum amenities is sure to grab your attention. You would ensure all basic utilities but also check for other facilities to live at ease. Ask for maintenance charges and what it covers, elevator, security, car parking, etc. It goes without saying that every buyer wants to spend smartly and minimum on the renovation. So check for interior/exterior of the flat, what kind of spending may occur before moving in. A flat with a spacious balcony is surely a plus. After all afternoon sunshine is appreciated by all.
One of the best websites to do so is Gharbaar can help you with Homes For Rent in Islamabad; it will not only give you a wide range of results but also provide you with the most relevant and reasonable search answers. Equip yourself with knowledge and be a smart investor. Let’s move to find the right flat for you!
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