Evaluate Hidden costs before buying a house
By Joseph Samson
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Only look at finished properties

It is essential to carry out a due diligence since there have been cases of non-conveyance of occupied land in some projects. Since the present market conditions do not guarantee the timely completion, buyers should only consider ready properties. According to Duggar, if one is planning to buy an under-construction property, one should check with the developers' bonafides and market standing.

In case of used flats, you may be tricked into paying the first installment without a proper agreement in place. This usually happens when there are many buyers for the same property.

Outstanding dues

Mostly, houses that are very old do not have registration. In such a situation, you should pay off the stamp duty and file for registration. You should also ensure that the seller pays off the registration fee before you purchase the property. Telephone utilities also refuse new connections in places where the previous bills have not been paid. When you own such a house, some liabilities like electricity and property tax dues pass on to you.

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