Buying a resale property can be a smart and cost-effective decision, but it comes with its own set of challenges. Here are the top five things you should check before finalizing the deal:
Property Title & Ownership Documents
Ensure the seller has a clear title to the property. Verify ownership documents, sale deed, and encumbrance certificate to avoid legal disputes later.
Property Condition
Inspect the physical condition of the property—check for structural damage, plumbing issues, electrical wiring, and overall maintenance. Renovation costs can add up quickly.
Pending Dues
Check if there are any pending dues like property tax, electricity bills, water charges, or maintenance fees. Always clear these before taking possession.
Age of the Property
The older the property, the higher the chances of wear and tear. Check if the building still complies with local building codes and safety standards.
Legal Approvals & NOC
Make sure the property has all necessary approvals from the local authority and a No Objection Certificate (NOC) from the housing society, if applicable.
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