Buying property is one of the biggest financial decisions you will ever make. Whether you are looking for a home to live in or an investment that will grow your wealth, it is very important to make the right choice. Someshwar Srivastava believes that most problems in real estate can be avoided if buyers do proper research before signing the deal.
In this blog, he explains five simple but powerful things to check before buying a property.
- Check the Location First
According to Someshwar Srivastava, the location of the property is the most important factor. A good location means the value of your property will grow over time. It also makes life easier if you are planning to live there.
When you check the location, look for basic facilities like schools, hospitals, grocery stores, and public transport. See if the area is safe, has good roads, and is not too noisy. If you are buying property as an investment, check if new infrastructure projects like metro lines or highways are coming to the area. These projects can increase the price of your property in the future.
- Verify the Legal Documents
Many people make the mistake of trusting the seller without checking the paperwork. Someshwar Srivastava says that this is one of the biggest risks in real estate. Before you buy, ask for the property papers and get them verified by a legal expert.
You should check:
- The title deed is to make sure the seller is the real owner
- An encumbrance certificate to ensure there are no pending loans on the property
- Building approvals and a completion certificate if it is a flat
- RERA registration if it is a new project
This step can save you from legal troubles later.
- Inspect the Property’s Quality
Someshwar Srivastava always advises buyers to visit the property in person and check the quality of construction. Look at the walls, flooring, wiring, and plumbing. If it is a new property, ask the builder about the materials used. If it is a resale property, check for cracks, leakage, or repairs that may be needed.
If you are not confident, you can take an expert or a civil engineer with you. Spending a little money on an inspection can save you from bigger expenses later.
- Compare the Price
Before making the final decision, Someshwar Srivastava recommends comparing the price of similar properties in the area. Many buyers end up paying more than the market rate because they do not research.
You can check online property portals, talk to local brokers, or ask neighbors about the going rate. If the property is priced too high, negotiate with the seller. A good deal can save you a big amount, especially in a high-value purchase like real estate.
- Check Your Budget and Loan Options
It is not enough to like the property; you must also be sure you can afford it. Someshwar Srivastava says many people get excited and stretch their budget too far, which later creates stress.
Make a clear budget that includes the price of the property, stamp duty, registration charges, brokerage, and any renovation costs. Then check your home loan eligibility and interest rates. It is better to get a pre-approved loan so you know exactly how much you can spend.
This step ensures you do not face money problems after buying the property..
Conclusion
Buying property is a big milestone in life. It can bring happiness and financial security if done right, or stress if done in a hurry. Someshwar Srivastava believes that taking time to check the location, verify documents, inspect quality, compare prices, and plan your budget can make all the difference.
Real estate is not just about buying a piece of land or a flat; it is about building a safe future for yourself and your family. When you follow these five checks explained by Someshwar Srivastava, you reduce risks and increase the chances of making a smart choice.
Remember, a property purchase is not something you can undo easily. So do your homework, ask questions, and take expert advice when needed. The right decision today can reward you for many years to come.