10/18/2022 0 Comments Buying a New Flat Buying a new flat can be an exciting prospect but it requires thorough research and consideration before making the purchase. Before you commit to buying a new flat, know how much space you need. Many developers will quote the super built-up area (SBA) of the apartment, which includes common spaces, elevator spaces, shafts and boundary walls and these products. This is not the same as the carpet area, which is the actual surface area of the flat. Apart from the actual price of the flat, you must also consider the costs involved in the process of buying a new flat. For instance, stamp duty and registration charges can add up to a significant portion of the price of the flat. Failure to pay these fees can result in you not owning the property legally. Also, there are maintenance charges payable to the society, which are usually paid monthly. In some cases, the developer may even take these charges in advance. When buying a new flat, make sure to carry out thorough research about the developer. Check out any complaints or court proceedings against the property management company. Additionally, check out any reviews or amenities that may be useful to you. Besides, it is important to make sure that the amenities in the flat are worth the price. Another important aspect of buying a new flat is the location of the kitchen. According to Vastu rules, the kitchen should be located in the southeast corner of the apartment. This is because the kitchen will be the place where food will be cooked. Likewise, the bedroom should be situated in the southwest corner. The southwest position of the bedroom is conducive to relaxation and a peaceful abode. Find more information about apartment for sale. When purchasing a new flat, it is important to consider the location and amenities in the neighbourhood. In addition to amenities, consider how far the apartment is from essential places. Also, consider security. A new building has to be Category A or higher to be considered safe. However, if it was built before July 2020, it is a good idea to opt for Category B. A new flat is an exciting prospect, but it is important to remember that it will cost you tens of thousands of pounds. Therefore, it is important to understand how to budget properly before making the purchase. It is important to determine the amount you can afford to spend, whether you can afford the monthly payments or not, and make sure it won't strain your daily budget. The amenities and security features of a new flat are also important. Some flats will include modern amenities, which can cost an extra 20% to 25% of the cost of the flat. These features can range from secure parking spaces to CCTV security. It's also important to ask about the types of tenants in a particular building. Knowledge is power and so you would like to top up what you have learned in this article at: https://en.wikipedia.org/wiki/Real_estate.
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