Top 10 Questions to Ask Before Buying a New Apartment

Top 10 Questions to Ask Before Buying a New Apartment

Introduction

Buying a new apartment is a major life decision. Asking the right questions can help you avoid regrets and make a smart investment. Here’s a list of essential questions to guide you.

Is the project RERA registered?

This ensures the project follows regulatory standards and is transparent.

What is the carpet area compared to the built-up and super built-up area?

Understand how much usable space you’re actually getting.

What are the payment terms and timeline?

Clarify the payment schedule and any penalties for delays.

What amenities are included?

Confirm what’s part of the deal—parking, clubhouse access, security, etc.

When will the project be completed?

If it’s under construction, verify the timeline and ask about delay clauses.

Are there any additional charges?

Inquire about maintenance fees, registration costs, or club memberships.

Who is the builder, and what’s their reputation

Research the developer’s past projects to gauge their reliability.

What facilities are nearby?

Check the proximity to schools, hospitals, grocery stores, and transportation.

Is the property loan approved by major banks?

Bank approval is often a sign of a legally sound project.

What is the resale potential?

Consider future value based on location, infrastructure, and demand.

Conclusion:

These questions will help you make an informed choice and find a home that truly fits your needs. Remember, a little homework now can save you a lot of hassle later.