Are you looking ahead to buy a granny flat in your locality? The granny flats are mostly structured to add a space in the premises to accommodate elders. You might find number of them, but before choosing them consider few things. Many people end up doing some small mistakes, which lead to massive financial loses or other problems. So, it is mandatory to know the factors that might cost you a lot. You can visit this page for more reviews regarding granny flats.
Is the granny flat on an illegal site?
When you are going to buy such a flat, you should definitely know whether it has been structured on a legal site or not. Often the granny flats are constructed on demountable structures and so you need to know whether it has proper site reports or not. The construction company or the company that is helping you to find such flats should tell you about the site report in advance.
Granny flats on un-approved site can lead to massive legal complications. So, whenever you buy such flats ensure that it has been made on approved demountable structures.
Read and understand the contract properly
Reading and understanding the contract is very crucial to avoid further complications. Know what are included under your purchase and what are not. Make sure that the contract should be transparent and there should not be any hidden rules.
Do not hesitate to ask questions
Unless and until you ask the contractors about your doubts, you will be in severe problem. The contract price, what is there in the contract, legal issues, etc are few common things that you should know.
Plan in advance
Planning is very crucial for a successful set up. Have a chat with the construction company in advance so that there is no confusion at the last minute. Plan in details and ensure everything is covered as per the plan. You need to keep your eyes open and judge every point with logic if you want to save some money.
Check the license of the contractors/ builders
Always look for builders or contractors who hold proper license or work permit. If something goes wrong in between you can claim your money only if you hire licensed builders. So, stay at a safe zone and obey this rule while hiring the builders.
Do not exceed your budget
Plan your budget in advance and do not cross it. If you are talking loan then take that amount that you can return on time. Do not create pressure on your finance and so borrow up to certain limit.
Insurance coverage for safety
Always try avoiding risks and so hire a good and reputed insurance company for safeguarding your investment. Always do good amount of research before taking any steps.