Important Things to know when you buy flat in Dhaka City

When considering buying a flat in Dhaka, Bangladesh, there are several important factors to keep in mind to make an informed decision:

1. **Location**: Choose a location that suits your lifestyle and preferences. Consider factors such as proximity to your workplace, schools, hospitals, and shopping centers. Also, assess the neighborhood's safety, infrastructure, and overall development.

2. **Budget**: Determine your budget and stick to it. Factor in all costs, including the flat's price, registration fees, taxes, and any additional expenses. It's crucial to be financially prepared for both the immediate purchase and long-term ownership.

3. **Legal Documentation**: Verify the legal status of the property by checking ownership documents, land records, and relevant permits. Ensure that the property has clear titles and is free from any legal disputes or encumbrances.

4. **Builder's Reputation**: Research the reputation of the developer or builder. Check their track record, completed projects, and customer reviews to gauge the quality of construction and adherence to timelines.

5. **Amenities and Facilities**: Evaluate the amenities and facilities offered within the residential complex. This might include security measures, parking facilities, recreational spaces, and other services that enhance the overall quality of living.

6. **Future Development Plans**: Investigate the future development plans for the area. Proximity to upcoming infrastructure projects or commercial developments can positively impact property values in the long run.

7. **Property Size and Layout**: Consider the size and layout of the flat in relation to your current and future needs. Ensure that the design meets your preferences and allows for potential lifestyle changes.

8. **Financing Options**: Explore financing options, interest rates, and mortgage terms offered by banks and financial institutions. Understand the terms and conditions thoroughly before committing to a loan.

9. **Resale Value**: Assess the potential resale value of the property. Factors such as location, neighborhood development, and overall property demand can influence the property's appreciation over time.

10. **Utilities and Infrastructure**: Check the availability and reliability of basic utilities such as water, electricity, and internet services. Additionally, assess the overall infrastructure of the area, including roads and public transportation.

By thoroughly researching and considering these factors, you can make a well-informed decision when buying a flat in Dhaka, ensuring a secure and satisfying investment.