When you have made a decision to buy your own home, there are a lot of real estate agents, brokers, builders, friends and the family members who will give you their own opinions. You will finally settle on the type of house you want whether bit is the most demanded villa or an illustrious apartment. However, this is the first step. You are still to make a decision as to whether to go for a branded builder or any player in the housing sector.
In case you are wondering as to why you should invest your savings using a brand that is going to a cost fortune, here are some of the reasons as to why you should:
1.The Invisible Trust:
When you are researching the real estate sector, you will realize that a few brand names appear frequebtly. Besides, you can see such names on the billboards, in television ads, during the discussions at the social gathering and even in the newspapers. You may think that such brands have a lot of money for advertisements, but they have been doing marvelous business which involves selling well constructed projects that are satisfactory to their customers. They are known to deliver quality projects that are highly valuable. Therefore they are trusted and hence stand safer bets.
2. No Foul Play:
There are very minimal chances of foul play in case you buy houses from renowned property houses since they are normally transparent in their dealings. This implies that your investment will be secured. The price range of the renowned branded developer will be within the required range while for the case of the less known builder, their prices are higher as they will charge extra cost. Besides, a reputed builder always gives the promised carpeted area as well as the total built up area.
With a lesser known brand name, there are chances that you will get a property that is built on a disputed land. Making use of the unknown party will leave you with a lot of worries in your mind as you will be thinking what will happen in case the land is not clear and you do not know this information.
In order to reduce the worries, you can take your time and ask the builder about the sanctioned plan and the IOD. The IOD involves a set of instructions that are needed by a developer in order to construct the project legally. Unknown builder may ignore the sanctioned plan.
You are required to ask the builders about the Commencement Certificate (CC) and the title papers. CC is required during the registration and the time of resale. A good builder will provide all these information. Moreover, a good builder will give you Occupancy Certificate (OC) and Khata on time. A khata is a very important document that records all the details about a given property. It comes hardly when it comes to acquiring water connections, electricity, building license, trade and at the time of availing of the bank loans and during a resale.
OC is another very vital document that is required for any apartment buyers. Brand builder will commit on the Khata and the OC in writing and will make it part of the sale agreement/Sale Deed.
Established builder will ensure that the payment schedule reflects the stages for the actual completion of your home. This may not be the case for the non-branded builders.
3.Home Loan Is Easily Available:
While buying a new home, you ,may have to apply for a home loan. When the builder is known, your loan gets sanctioned easily. This is due to the fact that the financial institutions know them very well and they trust them. They are aware that with such builders, the chances of fraud are minimal.
When the names such as ICICI bank, HDFC bank or SBI are associated with the builder, there are less chances of encountering malpractices at long run. There are many cases where the fraudulent builders have conned people. Therefore when buying a home, make use of the branded builders as the banks trust them and their schedule as they complete the construction on time.
4.Why they Are Better Than Others:
When you make use of the branded builders, they are better than others in many aspects such as the finishing, material used and the amenities. They will also offer services at required price range without compromising the quality of the services they offer. Therefore you should not worry about the quality of the doors, windows or cabinets. These things are thoroughly aligned with your needs and the services will satisfy your needs and interests.
5.There Are No Hidden Costs:
When you deal with a renowned builder, you will not encounter the hidden costs such as the legal fee, parking charges and in case they are there, you will know at the beginning.
6.Delivery On Time:
No matter what, a branded builder will tell you the date of acquisition of your property and deliver on time. This will give you a chance to eliminate the pre-EMI rates. A non-established builders may not be in a position to stick to their timelines.
7. High ROI Guaranteed
Everyone is eagerly waiting for their new homes to be ready like the pictures found at the builder’s brochure. Moving into the new house is the wish of everyone but what makes it an investment is the value of your new property. The location of your house is very important so as to double or triple the property rate after due course of time. So please deal with branded builders and you are guaranteed of great return on investment.