5 Questions Every Homebuyer Should Ask The Developer


5 Questions Every Homebuyer Should Ask The Developer

Investing in a home is likely to be one of the biggest financial decisions of our lives, which is why it is important to proceed with caution in this matter. Needless to say, it is recommended that one makes such an investment only with a renowned and trusted real estate developer.

Here are 5 questions every homebuyer should ask the developer before investing in a home:

1. What are your successful real estate projects?

Always ask the developer to give you references for their completed projects. This is the surest way to gauge the builder’s competence and credibility.

2. What will happen if there is a delay in completion or delivery?

As per the recently implemented RERA, builders are required to compensate homebuyers for any delay in the completion or delivery of the real estate project. Ensure that the builder and the project are complying with RERA and find out about the compensation you are entitled to.

3. What is the quality of the construction material, fittings and fixtures?

It is important to be satisfied with the quality of construction, which is why you must get as many details as you can about the materials, brands and fittings being used.

4. What if I want to make some alterations to the property during construction?

Although builders want you to be very sure of the design and layout before the construction begins, it’s a good idea to present a scenario where you may want to make some alterations mid-way, and find out about what the processes and charges for that will be.

5. Can I have a clear break-up of the area as well as the price?

As a homebuyer, it is your right to know what you’re paying for. Asking your builder for a clear break-up on the built-up area, the common area and the financial allocations of your investment is a good practice.

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