Investing your life’s money in real estate is an important decision. Whether you are buying a new apartment or repurchasing from an existing owner, it is essential to keep certain aspects in mind. The most important consideration is the builder. How do you assess a builder? What parameters should be checked before a builder is qualified as a reliable one? Here you will see some of the key points that we think that one should evaluate before buying an apartment.
1. Business experience
Action speaks louder than words. This is true for all the builders. The way the builders have handled their business over time speaks for them. Reputation is the best marketing for any builder. Hence, It is important to get maximum feedback about them before investing in their current project.
2. Previous work appreciation
While there are many construction companies in the market erupting buildings in every part of the city, the appreciation they truly get marks their accomplishment. It is not enough to build but to have a positive feedback to the work done. Check on the feedback to understand the true work of the builder.
3. Layout/ blueprint ideas
Another important aspect to consider while evaluating a builder is with the layout ideas. A well conceived layout will cover all the aspects of the house including ventilation, spacing, accessibility etc. The builder’s true potential lies with the layout. It does not have to be complex, but the layout should not be messy creating a problem with the aesthetics of the house.
4. Project delivery time
Every builder is a professional here. Timely delivery of the project is mandatory. This is one aspect a buyer should never compromise on unless there has been a extreme situation (Chennai floods, Dec ’15). Research on their previous commitment and delivery time.
5. Cost of the project
While the location of the project plays a role in the money spent, the builder’s cost also plays a huge role in deciding the new purchase. While considering a builder, understand the cost that is quoted. The amount of money does not determine the builder’s reputation, it is with the justified use of money, one can truly understand the potential of the builder. Ensure that all the doubts with respect to the cost is clear before making a choice.
These are some of the points that you should consider before evaluating the builder. We do hope this article helps you make the right choice. If you are wondering about how to choose the location for your new apartment, read our other blogs and get clear.
Know more
1. Business experience
Action speaks louder than words. This is true for all the builders. The way the builders have handled their business over time speaks for them. Reputation is the best marketing for any builder. Hence, It is important to get maximum feedback about them before investing in their current project.
2. Previous work appreciation
While there are many construction companies in the market erupting buildings in every part of the city, the appreciation they truly get marks their accomplishment. It is not enough to build but to have a positive feedback to the work done. Check on the feedback to understand the true work of the builder.
3. Layout/ blueprint ideas
Another important aspect to consider while evaluating a builder is with the layout ideas. A well conceived layout will cover all the aspects of the house including ventilation, spacing, accessibility etc. The builder’s true potential lies with the layout. It does not have to be complex, but the layout should not be messy creating a problem with the aesthetics of the house.
4. Project delivery time
Every builder is a professional here. Timely delivery of the project is mandatory. This is one aspect a buyer should never compromise on unless there has been a extreme situation (Chennai floods, Dec ’15). Research on their previous commitment and delivery time.
5. Cost of the project
While the location of the project plays a role in the money spent, the builder’s cost also plays a huge role in deciding the new purchase. While considering a builder, understand the cost that is quoted. The amount of money does not determine the builder’s reputation, it is with the justified use of money, one can truly understand the potential of the builder. Ensure that all the doubts with respect to the cost is clear before making a choice.
These are some of the points that you should consider before evaluating the builder. We do hope this article helps you make the right choice. If you are wondering about how to choose the location for your new apartment, read our other blogs and get clear.
Know more
