Maintenance charges for your Property

 A major responsibility of owning a property is the regular maintenance of your property. if you are planning to buy a property there are maintenance charges you need to pay. buyers often ignore maintenance charges. but it is one of the main key factors when it comes to home buying is considered.

Calculate charges before Booking itself:

All the housing societies require the residentials to pay the maintenance charges it may vary from project to project. buyers must check maintenance charges before booking the flat. this should be calculated before you decided to pay the booking amount to the developer. then you will get an idea of how much you need to pay as maintenance charges. for Plot Maintenance Services check "Plot Monitor". they provide Monitoring & Maintenance Services for Plots. along with plot photos.

How do you calculate the maintenance charges for your new house?

Maintenance charges vary for societies. for instance in a society where all the flats have the same size then it will have a fixed price which is applicable for all flats in the society. if the size of the flat is differed then based on the size of flat maintenance charges also differ. size of flat is an important factor to determine the maintenance charges. based on the service provided also. charges will vary. for instance apartment with an area of 1500 Sq ft, charges may be RS 3 per Sq ft. so roughly it may cost you 4,500 per month. 

Time to Pay:

Builders will ask you to pay maintenance charges at the time of possession. charges will vary based on the amenities and location of your societies. some builders will ask you to pay maintenance charges for two years at the time of possession. but it depends on the builders and time taken for forming RWA.

Pay after the Registration:

Some builders ask you to pay maintenance charges along with electricity meters and other charges before giving a key. if the project registration is not done then you should not pay the maintenance charges until it gets registered in your name. it is always better to pay charges once you got an occupancy certificate from the builder. for Property Registration Services

Check the charges are Reasonable:

Once the RWA is formed in your society. you should take part in the process and make sure the maintenance charges are reasonable.