Propertymart - Property Buying Checklist

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Property Buying Checklist

CHECKLIST FOR YOUR HOME

THE HOME
Address:
Broker		Phone

Owner's phone number	Area (Carpet in sq. ft.)
Neighbour's phone number	No. of Bedrooms
Builder's name	No. of bathrooms
Age of building (yrs)	Total no. of rooms

COSTS

Price / rentals rates (Rs.)
Average prices /rental in the areas( Rs.)
Property Tax (stamp duty)
Registration fees

LOCATION
	Yes	No
1. Adequate shopping facilities / markets close by?
2. Are Hospital / medical facilities accessible?
3. Is there a good School / Day care center close at hand?
4. Is the traffic heavy near the home? (can cause pollution ,child safety)
5. Is there Adequate vehicle parking?
6. Is the soil well drained? (no water seepage and monsoon floods )
7. Are property taxes reasonable in this area?
8. Are there any hidden monthly costs? ( e.g. Society charges)
9. Is the locality well maintained?
10. Is this a vegetarian society?
11. Are the neighbours friendly?
12. Is public transport easily accessible?
13. Is the area prone to crime?
14. Is the location secure and well light at night?
15. Are the chances of property value appreciating?
16. Is the home too close to an industrial area? (can be polluting)

EVALUATION OF THE BUILDING
	Present	Good Condition	Average Condition	Poor Condition	Furniture Available
Hall
Kitchen
Bathroom1
Bathroom2
Bathroom3
Bedroom1
Bedroom2
Bedroom3
Pooja room
Dining room
Servant's room
Other rooms

AMENITIES
	Yes	No
Is there a Garden?
Is there a Garage?
Is there a geyser?
Are there enough closets / cupboards?
Is there a well / water supply regular?
Is supply of electricity regular?
Is there place to wash and dry clothes?
Are there adequate garbage disposal facilities?
Do all electrical switches work?
Is the plumbing in the bath and kitchen working well?
Are the appliances over 7 years old ?( be prepared to repair them)

LEGAL FORMALITIES
	Yes	No
Is the title clear of any encumbrances?
Are there any dues to the society, electricity, phone bills pending?
Have all property taxes been paid?
Any history of untoward incidents here (e.g. suicide, murder etc.)?
Has there been any transgression of Municipal property?
Any legal restrictions on further expand the area of the house?

ESTIMATES OF ADDITIONAL COSTS
	Cost	Details
Repair of furniture
Repair building structure (renovation / decorations)
Plumbing
Wiring
Taxes/ levies (property, society etc.)
Legal fees

SECURITY
	Yes	No
Are there Locks on all windows/ doors?
Is there an Eye lens on the front door?
Are their locks on interior door like the garage, basement etc.?
Are the doorknobs too close to the windows?
Does the building have a Security guard full time?


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