Outlook Money
Buying a ready-to-move-in property is exciting, but brochures often don’t show the full picture. Residents live with the day-to-day realities, so asking questions to them can reveal what the builder won’t tell you.
Even if the building looks new, underlying maintenance issues can still exist. Ask residents if issues like electricity outages or sewage backups occur frequently and how fast management quickly responds for repair.
Safety is more than just having a gate secured. Check with residents about the neighborhood's family-friendliness, conflict-proneness, and whether doors need to be double-locked.
Clubhouses and pools may look perfect, but ask how often they can be utilize. Check with residents about water supply reliability and whether the internet and other utilities function consistently.
Monthly maintenance charges may be higher than stated. Ask residents about actual maintenance charges, parking costs, security fees, and any surprise development or service charges.
RERA compliance is a key safeguard for buyers. Discuss with the residents about any delays, penalties, or legal issues, as well as whether the project is officially registered.
Parking can become reason of stress in urban buildings. Ask residents if they get the proper space, whether guest parking is sufficient, and if there are any hidden charges or conflicts.
Even if you plan to live there, future resale matters. Ask residents whether property values have risen steadily, or remained stagnant, and about upcoming infrastructure that could affect the area.
Talking to residents helps avoid unpleasant surprises. By asking the right questions about maintenance, safety, utilities, hidden costs, and others you can make a well-informed home-buying choice.