Tips to Know before You Buy Any 3 BHK Apartments in Gurgaon

Buying a house and buying apartments is a different thing. The process of purchasing an apartment is much more complicated than buying a house or a piece of land. If you are buying any 3 BHK apartment in Gurgaon for the first time, here are a few suggestions that you can follow. Read on to find out more.

First, you have to understand the difference between leasehold and freehold. In the case of a freehold property, the buyer owns the land and the home. On the other hand, a leasehold is a property that you pay to occupy, but you share the property with other people. For instance, flats are leased as they are made in a building that’s shared with hundreds of other people. 

In the case of leasehold, the buyer buys the right to live in the said property for a specific period. Over time, this value comes down. Therefore, you must find out the time remaining on the lease. You can ask your real estate agent to find out this information for you.   

The service charges may include general maintenance as well. However, it may not cover major repairs like roof repairs or any others. For large repairs, make sure you know the person who will pay for them. This is quite important, especially if you have a limited budget for repairs and other tasks of his sort. Keep in mind that major repairs will cost a great deal of money.    

If you have a pet or are willing to have a pet, then make sure you know if you can keep pets in your apartment or not. Some apartment buildings don't allow any type of pets. Similarly, some apartments don't allow you to play music after a certain time. Therefore, you should ask your real estate agent about the restriction you have to follow. 

Make sure you remember all these tips whenever you are looking for a 3 BHK apartment in Gurgaon. With these tips in mind, it will be much easier for you to make the right choice and avoid some common mistakes. Hopefully, this can help you go through the process more easily.

Why does location matter while buying 2bhk flats? Know here

Did you ever notice whenever people are planning to buy a house or a flat, they are always concerned about the location? Location plays a huge role in buying a good plot for a flat or house. You might not be aware of this, but people in India are very much concerned that the real estate market is a diverse one when compared to many other countries. 

If you notice any 2 bhk flat for sale in Gurgaon, don't just jump in to buy it. Check its location first.   

 

 

Why is location so important when buying a 2 bhk apartment?

The importance of location in real estate purchases always seems to be overestimated. The reason is that the location is what translates into profitability for the investment. Location, primarily, creates the desire for a purchase and the desire, in turn, creates demand which causes a price rise.

 

By the time a buyer is trying to identify the location for the purchase of a residential property, it is obvious that he/she is ready to pay up a good amount of saved capital. So the buyers must end up choosing the right location that makes the real estate purchase tick. Whichever country of residence, many a time a buyer makes a decision based on the home that they are going to purchase and not the area that it is located in. Once the purchase is made, the area will never change. This mistake can cost the buyer a lot.

 

The price and the location of the property are both important factors. The location ultimately dictates everything else about the property. If the property is situated in a prime locality, it will command a better selling price. The same property in an area that is not so prime will command less price. However, if the buyer invests in neighborhoods that are worse off, though the cost may be a little lower, in the beginning, there will eventually be a lack of demand, lower rents, and lower prices.

 

Many other important things matter while buying any apartment in any city. So if you're looking for a good quality 2bhk flat for sale in Gurgaon, don't forget to check the location, because it defers the price of the apartments too.