Building Construction
It has been a known fact that
property increases steadily in value over the years. To be precise,
property is one of the pillars of a solid investment portfolio. And
by investing in property you're also adding a substantial element
to your retirement portfolio.
Building your Dream Home
Hiring a good builder is the
key to getting the most for your money. The experience, skill,
efficiency, and contacts of a seasoned professional can stand you
through the years.
Location
Location plays an important role in your
enjoyment of the new home and the resale potential. All aspects
have to be taken into account such as length of commute to work,
suitability of schools, neighborhood, distance to shopping,
building costs, soil conditions and rates and taxes.
Ground conditions
Soil and geological tests are
necessary, to determine whether a proposed building can be
supported adequately and what would be the most effective and
economical method of support.
Plot Constraints
Before building check for any title
deed conditions and restrictions. These can be crucial to what you
can do on a plot, even what kind of construction can be built on
it. As a final step, check with other homeowners in the same
subdivision or area and see just how effectively the conditions and
restrictions are enforced.
The House and the Plot
Before construction visualize
how the building will fit on the plot. You need to also take into
account local ordinances and National Building Regulations, which
place other restrictions on your design. These norms dictate the
amount of empty space required in the front, back and sides of the
home under consideration. If you’ve already decided on a floor
plan, check the orientation of the building relative to the sun and
the street.
Traffic Noise
Traffic and traffic noise will affect
the resale value of the property. Take the time to find out what
future traffic patterns are planned around any site you consider.
Construction Cost
When consideration is given to
estimating the total construction cost of a building probably the
single biggest factor to consider is the shape of the outside
perimeter. Generally, the more complex the shape, the more
expensive the structure per square meter of floor area.
If you want to purchase a property, you must see the approved layout plan, approved building plan, ownership documents, carryout search, etc. Consult an advocate before you purchase a property so that he can advise you.
Carpet Area: This is the area of the apartment/building, which does not include the area of the walls. Built up Area: This includes the area of the walls also. Super Built up Area: This includes the built up area, along with the area under common spaces such as the lobby, lifts, stairs, etc. This term is only applicable to multi-dwelling units.
The liability of paying stamp duty is that of the buyer unless there is an agreement to the contrary. .
The stamp papers are required to be purchased in the name of any one of the executors to the Instrument.
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