3 days ago

Essential Steps After Buying Your Dream Home

Essential Steps After Buying Your Dream Home
Just bought your dream house? Here is the ultimate post-home-buying checklist — From spare keys to unrecorded ownership · livemint.com

Buying a house is not the final step in becoming its owner.

First, change the locks so old keys cannot be used.

Put electricity and water accounts in your name.

Ask the local government to record the property under your name through mutation.

If the home is in a housing society, update its records and obtain a No Objection Certificate.

Check that the previous owner paid all old bills and taxes.

Register for future property-tax notices.

Inspect the home for leaks, electrical problems, and damp walls.

Keep all important property documents safe in both physical and digital forms.

Key facts

Source
Shail Homes shared the checklist in a viral real estate post.
Security
New owners are advised to change the main door lock before moving in.
Ownership records
Property mutation should be applied for through the local municipal corporation where required.
Society records
Apartment buyers should complete society transfer and obtain a Society Transfer and No Objection Certificate.
Outstanding dues
Buyers should verify payment of maintenance charges, electricity and water bills, and previous property-tax arrears.
Inspection
Recommended checks include plumbing leaks, electrical faults, wall seepage, and waterproofing issues.
Documents
Important paperwork includes the sale deed, registry papers, loan papers, possession letter, OC/CC, and builder NOC.

Sources

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