With increased incomes, more and more people are trying to find lucrative ways of making money through realty investments. Since, the value of a property increases with time, it is considered to be one of the most beneficial ways of ensuring futuristic monetary gain. However, there are a number of things to be considered while buying a property. So, if you are planning to invest your hard-earned money in a real estate property, then you must check out the following tips:
- Marketable Title Make sure that the property you are taking interest in, has a proper Marketable Title. The claimant of the property should have all the rights of the property to his name. Moreover, get the original deed of the land examined by a professional lawyer.
- Encumbrance Certificate The next step is to make sure that the land papers include Encumbrance Certificate. It is a certificate issued by sub-registrar's office declaring that the land is free from any legal dues or other issues.
- Suitability Find out that whether the land suits your requirements or not. For example, if you are buying a plot for constructing a house, then make sure that it is well connected to the city and the area has adequate supply of water, electricity, etc
- Permit By Authorities Ensure that constructing a building on the land is permitted by relevant authorities. You must make sure that that the road around the land is regularly maintained by a local authority.
- Construction Or Investment Think and decide that whether you are buying the land for constructing a home or you are considering it as an investment. The purpose should be clear. It will help you tremendously in fixing a deal as you would then look out for specific requirements.
To summarize it all, do not hurry in fixing a property deal. Check out all the necessary details and then, invest your valued money in a real estate property.
9 Comments
raj
05 September, 2016 at 7:02 pm
Keep on writing, great job!
Cancel Reply
Reply
Tim Franzetti
27 December, 2011 at 8:13 am
Very interesting topic, thank you for putting up.
Cancel Reply
Reply
ishitasharma1
04 December, 2011 at 7:05 pm
Good article.. Thanks for sharing.
Cancel Reply
Reply
Pia
28 November, 2011 at 8:39 am
Before buying property, there are several things to consider and those information would really help.. Thanks for sharing this post! I find it very useful.
Cancel Reply
Reply
Bharat City Ghaziabad
16 November, 2011 at 11:24 am
Interesting blog. Thanks for sharing.!!!!
Cancel Reply
Reply
Property in Jaipur
31 October, 2011 at 6:03 am
Excellent blog posts.
Cancel Reply
Reply
Alanna Montufar
31 October, 2011 at 10:09 pm
Very interesting information! Perfect just what I was looking for!
Cancel Reply
Reply
Home Loan
28 October, 2011 at 12:49 pm
Thank you for the post, it would be really useful to all the prospects. The procedure of working is very clearly explained. Keep up the good work.
Cancel Reply
Reply
Woodrow Doino
26 October, 2011 at 3:02 pm
Very good submit, I love this web site, carry on it..
Cancel Reply
Reply
Add Comment