Homebuyers, purchasing a home is one of the most important financial decisions they make in their lives. When a buyer searches for a house, he looks at various aspects like the location, affordability, price, etc. The new-age individuals have become smart enough to cross check other safety measures too. These may be the stability of the house, reputation of the developer, quality of the construction material and better financial deals that can make the house a promising investment prospect.
Ignoring the risk management related to the construction of the house can extremely dampen sustainability of the property. Here are a few risk management measures that every homebuyer should know.
Take necessary approvals from local administration
Buying a property involves a lot of legal formalities too, so be sure about the legitimacy of the property. There are many homebuyers who fall prey to false brokers in the market who may lure them into a disputed property which they wanted to sell off quickly. Buyers should be aware of legal ownership of the property.
Cross check all the legal documents, whether it is being granted by the municipal corporation of the area or not. The seller should have all the documents cleared in advance so that the buyer can have a fair property deal. And if you are an individual starting construction of your own house then you should get the approval from local authorities or the municipal corporation.
Completely aware of building materials used in the construction
Don't always fall into the trap of the developer/broker/dealer when they show you the shining outer part of the house. When it is new, everything looks great, as the time advances the actual use of building materials come into focus. From brick to paint and from plumbing fittings to woodwork, every construction material matters in a house building. Bad building materials can collapse easily and increases your expenses for further frequent maintenance. Some these may cause severe damages at the cost of somebody's life as it can breakdown. So before finalising the property, pay attention to these minute details and have a stable house. A buyer should also see the seepage of water in the building. Over the time, a seepage can result in deterioration of strengthened bricks from inside and eventually weaken the constructions.
Ensure the construction is earthquake-resistant
Natural calamities are nobody's fault and come without any invitation. One should ensure that the building construction is earthquake-resistant. And if the location of the property falls under the high-risk seismic zones then chances of getting it done becomes mandatory. In India, Delhi and Kolkata come under the high risk whereas cities like Pue,Chandigarh,Ahmedabad,Gurgaon,Goa,Agra, and Simla are in the moderate zone. However, no construction guarantees to be completely earthquake resistant but still it can survive earthquakes with minimal damage.
Check for fire protection system
As per law, every residential house should pass the fire security test. So, when the buyer searches for their house, it becomes necessary to check the fire security systems. The house should have fire alarms and availability of fire exits so that in case of any emergency, the residents can be evacuated quickly. If it is a high rise building then widespread staircase and proper ventilation becomes compulsory.
Keep the wiring structure upgraded
All electrical and plumbing items should be provided by reputed producers in the market. The electrical fittings should be installed carefully. The mechanical products should be in good shape and provide with better lighting for the entire house or apartment.
Look for rainwater management
Unpredictable rainfall may result in flood in any urban area. A steady drainage system can quickly dispose the rainwater. To manage heavy rainfall, the drainage system should include storm drains and standby pump for dewatering. This will be very beneficial for basement and ground level houses.