Today, the homes being promoted are equipped with the latest facilities, and no one knows that nothing is free, and every service comes at a price. In applying for a home loan, we must be aware that all of these amenities must be paid directly to the builder. Regardless of the rate per square foot in the area, the builder can charge more for the facilities he provides and can also charge the buyer a membership fee.
There are two types of facilities: internal and external. In-house amenities include concealed wiring, intercom facilities, state-of-the-art bathroom and kitchen accessories, generator backup facilities in power outage areas, solar heaters and more. Parking, club membership, pool and gym membership are deducted from the one-time fee. The buyer is included in the external facilities provided by the builder. The home loan does not include this amount and the buyer arranges this amount at the time of purchase. It must also be remembered to always receive receipts for these payments from the builder during the purchase. Due to the availability of facilities, the purchase of such apartments also requires monthly maintenance costs. In fact, many societies have turned swimming pools into dumping fields, and fountains are in desperate need of cleaning and maintenance. It is also known that the resale value of an apartment will not appreciate significantly compared to the initial payment of the home buyer, as the resale purchase will evaluate the property based on the available price per square foot of the area.
Therefore, when applying for a home loan, you must prepare a down payment, administrative fees, and these facilities, which require a lifetime membership fee.
Orignal From: Apply for a home loan and facilities
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