|
|
 Email this Page |  Write to us
6 musts before you buy a house
September 07, 2007
Here's a list of six areas, which, if dealt with carefully, may help you escape problems that you may encounter while buying a house on resale. Seek the right information and ask the right questions.
Buying a home is a cherished dream for most, but the path leading to it is typically fraught with challenges. This was famously imitated in the film Khosla Ka Ghosla (2006), which depicts the travails and eventual triumph of a soon-to-be-retired man duped by an unscrupulous property broker while he was buying a plot of land.
The trials and tribulations of buying a house is not restricted to buyers of plots or new apartments. They also affect those buying property on resale -- from an existing owner.
In recent years, as the purchases of new properties from builders skyrocketed, purchase of resale properties, too, went up.
Rajneesh Gulati, 34, a Gurgaon-based garment exporter, had a reason to buy a bungalow spread over 6,500 sq. ft in 2005 from the secondary market. "The bungalow was well-located, had three independent floors and was suited for my family of eight members," he says.
Himango Gupta, 33, a regional manager in a Gurgaon-based international firm now residing in Vaishali, Delhi NCR, had another reason. "Builders don't meet deadlines and I wasn't prepared to keep paying EMIs for an extended period," he says.
There could be a slew of reasons why people prefer the secondary market. Seek the right information and ask the right questions before taking the plunge. Watch out for six problem areas.
Text: Urmila Rao, Outlook Money
Photo Courtsey : DLF
Buying a home is a cherished dream for most, but the path leading to it is typically fraught with challenges.
Also read: All about tax benefits on home loans
Powered by 
|
|
|
Advertisement
