Ample research and inquiry are integral factors that help you make the right move when buying a property. Considering the huge financial investment that goes into the purchase, a thorough investigation of the builder is essential to protect you from judgmental errors. It is prudent to consider the diligence of your builder before you buy the asset. Your builder’s credibility is thus a critical component to help you invest in the right property. Here are a few tips that help you research your builder’s reputation:
Consider the Project Quality
An apartment or a duplex house in a town or a city, the construction quality speaks volumes about the builder. Actual site visits help you assess the standard of the exterior and interior building, raw material used, space allotted for parking and other amenities. A quality builder can help you construct the best duplex house in Bangalore. It is vital to check two or more projects to frame a clear opinion about the builder’s credibility.
Go for a Background Check
The residents of the completed projects can provide enough information about their daily living experience, power or water-related grievances. The internet is also a good source of help for carrying out independent research. Several discussion forums offer a platform to discuss the builder’s credibility. You can also carry out a complete verification of the builder by hiring an advocate. Builders association also provides valuable information about the reputation of the builder.
Word of Mouth Recommendations
Consider your relatives and friends who have recently invested in buying a duplex house in India. They help you with the property market, reputed builders in India, their popular projects, and other information that will help you invest rightly. Recommendations through your kith and kin help you in the search for an ideal property. Cross-checking also enables you to have unbiased information about the builder.
Providing a Good Layout Plan
The project layout is an integral part of constructing a building or a house. It has to be approved by many authorities. An unapproved layout can attract penalties as per laws. Road, lighting, and drainage facilities will not be provided for such projects. It is thus essential to choose the right builder who can provide a good layout and also obtain no-objection certificates from various authorities. In India, construction of houses is primarily based on the National Building Codes. Liability insurance is also an imperative part of the plan. A reputed builder must fulfill all the requirements and submit a document proof of the same.
Member of Builders’ Association
Organizations such as the Confederation of Real Estate Developers Association of India (CREDAI) and Builders Association of India (BAI) warrant the credibility of the builder. Indian Green Building Council is a specialized body that provides a certificate for eco-friendly projects. These government bodies stipulate an ethical code of conduct for its members. The builder needs to follow these practices. ISO certified builders guarantee quality in their projects. The reputation of the builder significantly improves when he is a member of these institutions.
Analyze the Vacancy Rates
Thorough market research helps identify the exact vacancy rates. A reputed builder with renowned construction quality, timely delivery, and acceptable prices will face low vacancy rates. Make sure to investigate the reasons behind high vacancy rates as it might serve to be the right clue to identify a credible builder.
These parameters help you check the builder’s reputation to ensure a successful and safe investment.