If you are not financially very sharp and you have entered to negotiate for a deal that would get you in ownership of an apartment, then you should be very careful. When you invest in a prestigious housing project like the S3 Green Avenue housing, then they offers you a fully transparent deal where every cost is renegotiated and there are no hidden costs. However, certain real estate builders like to pull the wool over your eyes. In this article, we will talk about some of the costs which many a time remains under the radar and will surprise you later if you don’t know about them.
Home repairs and any upgrades
If you have bought a second-hand home, then depending upon the condition of the home, then you have to spend some money to fix it and make it habitable. You must carefully inspect the house (if you don’t have the expertise, then we suggest that you take an engineer with you) to know how much money you have to spend to make it worth living in.
If you are buying an apartment in a property like the Advitya homes, then you don’t have to worry as everything is in great condition. However, if you are buying a second-hand home, then you have to take into account the condition of the appliances fitted there. Every appliance has a definite lifespan and you have to carefully check the condition of all the appliances fitted in the house that you wish to buy to figure out which one would need replacement. If it is a small appliance, then the cost could be marginal, but if you have two completely change the electrical wiring or the plumbing, then you have to pay a huge amount of money.
If you are buying an apartment for the first time, then you will be surprised by how much money you have to pay as utility bills. Therefore, you have to keep provision for these expenses, and don’t get surprised when the bills are presented to you. Some of the utility bills may include the following:
- Garbage pickup.
- Gas connection.
- Electricity et cetera.