Top 10 Things to Check Before Buying a Property in Kerala

Purchasing a new home or apartment is one of the most important decisions you will make in your life, and it is most likely a notion you have had since you were a child. Years of saving and planning cannot be wasted when the time comes to make the final decision. Hence, you are required to keep all possible points in mind before making a big decision.

In this post, we’ll discuss what to look for when buying a house and what to consider while assessing the most crucial aspects of a property.

10 Things to Check Before Buying a Property in Kerala

1. Title Deed

Obtain the contact information for the landowner. Check the title act of the property before purchasing villas in Thrissur, Kochi or anywhere in Kerala to confirm that the builder fully owns it. A lawyer might also be consulted for more information about the act. Obtain information about the land status and determine whether the builder owns the site or only has rights to develop apartments on it.

villas in Thrissur

2. Land Use Zone

It is critical to ensure that the land you intend to purchase has been zoned for the specific purpose you have in mind. For example, if you are purchasing a property in Kerala intending to erect a business structure, you must first check that the land itself has been classified as commercial.

3. Research the Builder

Make a checklist before purchasing a home, and make sure this one is at the top of the list. When looking for a flat, conduct a background check on the builder. If you are planning to hire builders in Kochi, make sure you do a thorough background check on them. Check that everything is legal. Make casual discussions with him and learn about his life. What a person does for a living reveals a lot about him.

4. Licenses

When looking to buy luxury villa projects in Kochi, you must go over all of the documentation. Inquire whether the task has been approved by the relevant civic authorities. Check to see if the builder has received several crucial approvals such as environmental clearance, start-up certifications, and so on.

5. Check Release and Encumbrance Certificate

If you are purchasing a villa, keep in mind that it may have been pledged to obtain a bank loan. In this scenario, you must obtain a release certificate from the bank to demonstrate that the loan on the land has been repaid. It is also critical to ensure that the land is clear of all legal encumbrances. An encumbrance certificate typically confirms that the property or flat you intend to purchase is free of all claims such as loans, leases, outstanding bills, and so on. An encumbrance certificate is a must-have factor for you.

6. Agricultural Land

If the land you’re buying is designated as agricultural land, you’ll need the authorization to change it to non-agricultural land. Only then may you begin the desired construction work. To do so, you must receive a certificate from the District Collector.

7. Financing Banks

You should know which banks are willing or unwilling to finance specific builders. Some banks refuse to lend to certain builders due to a negative reputation. As a result, you must check with the banks that are willing to support the project in which you intend to invest.

8. Fair Value

When purchasing a home or villa in Kerala, inquire about the ‘truthful cost’ as set by the government. The true marketplace fee is not the same as this; but, if you have this knowledge, you will be in a better position to negotiate the sale fee.

9. Accessf

When purchasing a plot of property, consider how accessible it is – is it on the main road or in a lane? Is it possible for automobiles to get there? Vehicle access is required whether you are building a home or a commercial project. Ample parking space is also an important concern.

10. The Size of Property

Builders promote the property as a highly developed region. This includes common places such as the lobby, stairwells, and so on. Consider purchasing property in Kerala; a two-bedroom, one-bathroom flat of 1,200 square feet might be as little as 900-950 square feet. It is usually best to choose the core region, which is defined as the space encompassed by walls. It is recommended that before purchasing a residential home, you investigate your needs. You should confirm the amount of land needed to build your home. Other important elements are soil quality and topography.

Check the Site

You should also look at the availability of drinking water on the premises, the presence of trees (without shade, it might be excessively hot in the summer) and the overall location of the property. Make certain it’s a respected and safe neighbourhood, that there are markets or stores and healthcare facilities nearby, and that you have access to highways or main roads and public transportation. Check to see whether any establishments could cause disruptions, such as factories that release toxic smoke or effluents, noisy equipment, bars, and so on.

Purchasing a home is one of the most important decisions you will make in your life; nevertheless, you must keep each of these points in mind before you sign the papers.

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