Tuesday, 18 December 2018

Hidden Costs Involved In A Home Buying Process




Buying a new home is a big decision in one’s life. It is one of the most significant investments one make in his lifetime. When looking for a new home, one may miss out some hidden costs involved in a home buying process. The buyer should account for these hidden costs too. Here is a list of some hidden costs that a home buyer should aware of.

    Registration & stamp duty charges
The registration charge is the fee which is paid to the state govt. for registering the property in the buyer’s name. The stamp duty will be approximately 5 to 7% of the property value.

    Maintenance charges
Generally, maintenance charge covers common amenities such as clubhouse, gym, party area, garden, swimming pool etc.

    Parking Charges
The buyer has to buy the parking space for your vehicle separately.

    Preferential location charges
PLC or Preferential location charges is the charge paid for a property which is in a better location or position.

Ladder Kerala, one of the most reputed builders in Calicut, offers premium living spaces, apartments in  Calicut, at its project Ladder Mankav Greens. The project, flats in Calicut, facilitates a luxurious urban lifestyle in a premium abode.

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