Everybody after a certain age dreams to live a peaceful life, that too in solitude. A retired life opens a gate to the time that is just for yourself and your spouse. And what can be better than living in Siolim? With beautiful beaches and backwater destinations, buying flats for sale in Siolim is an option which you cannot miss.

Located in Bardez taluka, this small village is full of churches, temples, beautiful locales to enjoy your retired years in peace. But before you start planning to buy a house, you need to cross check few facts. Without a proper planning of your dream house, it can become a grave financial mistake for you.

Facts to check before buying apartments in Siolim

1. Property

Many times people do not realise that properties bought from brokers can have a disputable history associated with it. Everyone wants a place which they can call their own and also in the near proximity of the heart of the town. As Siolim is a beautiful place, you should be very careful in buying a flat there. It is better to buy from a reputable real estate company.

These companies who offer apartments in Siolim have the proper paperwork, relieving you of any hassle regarding the flat purchase. They make sure all the necessary documents like Sale Deed, Mother Deed, Building approval plan and Encumbrance Certificate are there as per legal terms.

2. Security

If you are purchasing a flat, you should definitely look for the security measures. There should always be a 24-hour care staff during the day. Some apartments also offer gated communities and CCTV security. It is better that you do a prior research in this aspect.

3. Hidden charges

Maintainance charges can be frighteningly high if you do not make a proper check about it. It is better to compare an overall price structure before you make a purchase for your dream home. Ask for a complete maintenance charge list before signing the agreement papers. It is better to increase your search time than risking your funds to a sinking deal.

4. Resale value

Before you make a careful consideration and plan to invest in apartments in Siolim, you should see the resale value of the property. It really becomes very difficult to sell a retirement flat at a good price. This is because the service charges are required to be paid even after the flats return to the market when the owner passes away. So to avoid this fuss, few freeholders increase their charge percentage in the resale value.

5. Check the lease

Apart from checking the resale value and the hidden charges before buying flats for sale in Siolim, you should also go through the length of the lease period. If the duration of the lease period is less, it is suggested to look for a different flat. Renewing a lease is extremely expensive, and the monetary value of the property will continuously decrease as the lease duration will come to an end.

There are reliable and renowned real estate developers from whom you can buy your dream appartment. For more information you can also always check their websites for all the services they offer. If you are careful and priorly investigate about these facts, you won't get duped before investing your funds in flats for sale in Siolim.