Some people prefer buying homes through reputable builders in Coimbatore because their process is easier to follow. After all, they have been in this business for many years. They have systems in place that allow buyers to quickly fulfill the important legal aspects of home buying. However, this does not mean that buyers should just purchase independent homes from builders in Coimbatore without understanding the process. Here are some factors you need to be familiar with.
If you’ve already found potential properties, then it’s time to get to know their builders further. The first thing you should do is to check their licenses and certificates for work, proving that they are operating legally in Coimbatore. They must have environmental clearances and building plans approved by the local regulatory authorities. You may want to check with Coimbatore’s local government if the builder is keeping up with the new RERA Act rules, which requires them to provide regular updates about the status of their ongoing projects.
- Title deeds
You must also check the land title to see if it is owned by the builder, as some companies only have development rights over a land. You might want to ask help from an expert or a lawyer when examining the title deeds.
- Track record
The piece of land where the independent house is built may be under litigation or have legal issues. Therefore, it is highly recommended that you do an extensive background check of the builder before you purchase the property. To do this, take a look at the builder’s past or current villa projects in Coimbatore and in other cities. You should also read up reviews and news to know more about their credibility and reputation.
- Payment plans
Builders in Coimbatore offer different types of payment plans to help you complete your purchase. Before selecting a type of payment plan, make sure to study the terms and conditions further. Choose the payment plan that has the lowest interest rate as much as possible.
Warranty programs can help save you from future stress. So before purchasing a home from a builder, make sure that they have a fair warranty program. Keep in mind that builders are required to provide at least 5 years of warranty against structural defects to their homebuyers under the RERA Act.