Top Ten Rules While Choosing a Home Builder in Lucknow

For building a dream home a buyer has to hire a perfect and professional builder. Besides the home owners, home builders also play their part in making a house into a perfect home for the occupants. Only a professional real estate company in Lucknow can able to accommodate the vision of the homeowner in creating a lovely home in this wonderful Lucknow city.

Sources: Paarth infra Build Pvt. Ltd.

Hiring the right home builder for a dream home is really important for the home buyers. Included below are top ten valid guidelines on how to identify and hire a right builder for the job.

These tips are not even valuable in selecting the experts at Lucknow, but also in other cities in India and even abroad.

1. Finding a good builder: A prospective buyer or homeowner can always check local publications, yellow pages, the Internet for reputed builders who always advertise their professional services. Such experts are easily contactable right in the first attempt, if not they respond the caller in a short time which indicated their professional approach.
2. Call and define the needs: After locating the right builder, a new homeowner has to call the builder or representative in order to define the needs such as style, price range, and other relevant factors in order to find a perfect fit to the dreams of the homeowners.
3. Touring model homes: A buyer can always take the option of touring the model homes done by the proposed home builder in order to evaluate the quality of the work done by the builder. One can also take along an expert who is exposed to the intricacies of quality construction.
4. Using the referrals: A homeowner can also select the builders who are referred by friends and relatives who have had their homes built. Also, one can demand the builder some testimonials from his clients. Testimonials shared in the websites of the builders can also be cross verified.
5. Experience in the industry: A homeowner needs to check the experience of the proposed builder in the real estate industry. Experience always counts while making the decision process of selecting a right and professional home builder. Hiring a cowboy builder not only causes stress but also can bring untold damages to the property as well.
6. Shop around few builders: Homeowners should not settle with a first-time meeting with a good builder. Keep it mind what is good for one client may not be good for the other. Hence. One has to take a little bit of time to shop around few home builders in order to make a comparison with the shortlisted ones.
7. Good builders bring value addition: Being a new home owner one should be aware of the fact that a good home builder always brings value addition to the new home. Also, such builders by their quality jobs make the resale value to the highest point when a resale is considered.
8. Good builders offer warranty service: One should always look for the builders who offer warranty for their professional work. Reputed firms even give such warranties in writings for some specific period from the completion date. This feature offers the buyers a great peace of mind that cannot be valued in terms of money.
9. Look only for accredited builders: This is yet another key factor one has to look before finalizing a home builder. The credentials of the builders need to be checked and it is always suggested to hire a builder who has been a member of the reputed builder’s forums.
10. Professionally managed builders: Last but not the least it is always suggested to hire a professionally managed building company, which hires the right professionals for doing the right jobs. Such firms always offer the best customer support to every client they serve.

Home builders can make or break the dreams of the homeowners. One should know the fact that no amount of expensive fixtures and finishing touches will offset the shabby work and hence a prospective new homeowner has to pay more attention in selecting a right home builder, who alone can make a perfect transformation of a house into a real home.

Summary: With the aforementioned top ten tips a buyer can able to identify a good home builder who forms a good fit to the needs of the first time home buyers at Lucknow.

Different Types of Ownerships to Consider when Looking for a Home

If you are a first time home buyer, starting your search for the ideal property can be a tough and overwhelming task. With a number of unfamiliar situations to navigate yourself through, the entire process can be a lot more intimidating than you imagined. To be able to work your way around the various technical and legal terminology, here is a great place to start.

Understanding the Different Types of Ownership

Before you start looking at new residential apartments in Lucknow it is important that you weigh your options. Understand that you as home seeker have two property ownership modes to choose from –

 Freehold Property
The more common of the two types of ownership, a freehold ownership is where the buyer essentially has complete legal rights over the property in question. This means that he has the right to transfer the ownership, sell the property or stay in it as per his own needs and whims.

 Leasehold Property
In this form of property ownership, one essentially only owns the building but does not own the land. Furthermore, the ownership of the property is for a pre-defined tenure that can go up to 99 years. At the end of the lease agreement period, the property ownership is transferred back to its original owner.

Which Option must I go for?
The freehold property option proves to be a much more practical investment option since you are securing the future for not only yourself for also your heirs. Furthermore, such property is also a lot more marketable in the real estate market, making it easier to sell, mortgage or rent out in the time of need.

Understanding the Transfer of Property

Furthermore, your leasehold residential apartment in Lucknow cannot be transferred as easily as one can transfer a freehold home. You will be expected to have a Power of Attorney for conducting any form of transaction. Furthermore, this power PoA ceases to exist when the seller or the owner passes away.

Enjoying Absolute Ownership

In case of a freehold property, the complete legal ownership of the apartment in question goes to the buyer. In the case of leasehold, the buyer is essentially a lessee and has extremely limited rights. Opting for a leasehold solution is ideal only if your requirement is a short-term one and you want easy access to a home for a limited period of time. Also, if you intend to delay your decision to buy a new home because of an unfavourable buyer’s market, you can temporarily consider opting for a leasehold ownership at a negotiated price.

Considering that the title is always absolute and clear, most real estate experts recommend that home buyers opt for the freehold property mode of ownership. This option tends to be a lot more stable and owners are able to enjoy the benefit of market appreciations in the long run. These properties are easier to sell, mortgage and maintain as standing security.