When we have to start living on a shoestring budget because of our homes’ outrageous maintenance expenditures and monthly rent, anxiety levels skyrocket every month. Builder floors owners and buyers are the only group of persons, though, who have been able to elude this net.
Builder floors, so the saying goes, are a terrific investment opportunity for a free-spirited and tranquil way of living. You’ll learn how from us.
How is it a good choice for independent living?
Imagine a situation where you could escape the vicious loop of spending nearly all of your income each month on rent, upkeep, damage repair, etc.
We can assure you that it is feasible.
If you are a property owner, this is your chance to strike it rich and get the most money possible from your investment. The excess gains from this investment outweigh the systemic flaws, thus millennial customers also gain from this offer.
Extra privacy, lots of space, and affordable maintenance are all guaranteed.
Despite a recent survey finding that 60% of first-time apartment buyers favor multi story apartments, a trend in favor of builder floors has been observed.
The Players
The building owner and the builder are the two main players in the equation. A customer who wants to buy a builder floor from a utility-maximizing prospect is an example of a third party entering the game.
A tripartite agreement must be signed in the instance of the trio in order for the proceedings to proceed.
Tread with Caution
The real estate sector’s middle name is ambiguity. If you don’t have enough understanding about it, you’ll inevitably get stabbed in the back.
Elucidated below are some thumb rules to internalize while purchasing a builder floor:
- Verify the building’s title at the nearby registration office. No builder floor may be completed without the registration office’s approval. Be careful not to walk straight into the mousetrap and get permission.
- Building plan and FAR approval. Before registering, the floor area ratio (FAR) and the building pan should be compared and reviewed with the relevant government agencies.
- Your virtue should be patience and seeking out second ideas. Before making a purchase of a builder floor, you should conduct extensive investigation and get second opinions. This will guarantee that you haven’t forgotten any crucial details that could advance your plan.
- Certificates of Completion and Occupancy. After you have confirmed the validity of the completion and occupancy certificates for the relevant builder floor, you should check off another item on your list. Your rights to water and energy can be guaranteed if this is preserved.
- Interested in boarding the builder-floor bandwagon and obtaining the autonomous lifestyle of your dreams? Leading business The Vatika Group prospers in the real estate sector. Numerous people’s lives have been changed by the advantageous builder floor deals they were fortunate in securing.