So you have a dream house in your mind. You want it exactly as you have planned it in your mind.
You don’t want an average house with lots of budgets. When you look a the advertisement and brochures, they seem promising.
However, don’t believe everything that you see in an advertisement. That’s because it’s a sheer exaggeration.
Building a perfect house requires a perfect builder. Of course, by perfect I mean someone competent.
A builder who is capable of looking after every detail so that your house is built just as you dreamed. For an experienced builder, xmxlondon.co.uk can be the best choice you can make
Therefore, If you are considering purchasing a new home, do not rely solely on the claims made in the brochure.
Much is dependent on the builder’s expertise and resources. Before you finalize a project, ET recommends a few checks.
1. On-The-Ground Survey
Internet is our friend! Everything is available on the internet. So go online, type in the company’s name. There you will find customer forums, blogs, news reports, property sites. Hence, they contain a treasure of information.
However, it is wise to go to the field. Search for yourself. Ask the former customers who had a deal with the builder. Speak with customers who purchased units in previous projects as well as local brokers.
The spot price of previous projects is another way to check the builder. Also, in comparison to colleagues in the same neighborhood is another indicator of the builder’s standing. You should look into the contracting companies’ qualifications.
2. Reputation
You can safely purchase from a skilled builder. He is more likely to have satisfactory services. Moreover, he would have a practical attitude with practices and controls in place.
Furthermore, do check your builder’s former projects. How well he did them. Also, check his track record. Transparency is the one reason to trust the builder to purchase the house.
A reputed and reliable builder will also be an associate of an organization. Those are especially the Confederation of Real Estate Developers Association of India (CREDAI) or the Builder’s Association of India (BAI).
These are self-acting organizations that have rigorous criteria for builders.
Therefore, whoever seems to get off the track may result in the company being named and shamed by the alliance.
3. Class Certificate
The 9001:2008 certification criteria for a quality management system developed. They are based on eight principles. It also includes customer focus and fulfillment.
As a result, an ISO 9001:2008 evaluated and credentialed builder is expected to be more proficient in his approach.
that’s why it is wise to double-check this before embarking on a home improvement project.
4. Real Estate Evaluations
Crisil Real Estate Star Ratings (Crest) was debuted in 2010. Moreover, it provides city-specific assessments of real estate projects. Also, it can assist you in comparing and identifying quality projects in a given city.
They also have a National Developer Rating list. It ranks developers based on criteria. Those criteria are such as a developer’s track record of transferring clean titles.
It also includes upholding legal and construction standards and completing projects on time.
However, to be rated, the developer must first register with Crisil, and not many projects are currently on its radar.
5. Financial Security
Do you need to make sure if the company is overleveraged? Take a look at the company’s balance sheet, and if it has too much debt or is unable to repay its loans, cancel the project.
Some of the listed builders publish their financial information on their websites. You can contact the relevant Registrars of Companies (ROC) office for more information.
Wrapping It All Up!
It is not easy to buy a house. It’s very expensive to keep a house. Therefore, you must be meticulous while choosing a builder.
