5 Terms You Must Know Before Buying a Home
Before you purchase a home, whether it’s apartments in
Bannerghatta or villas
in Electronic City, you need to know the ABCs of real estate. It is crucial
to know at least a handful of basic terms, before deciding to buy a home. Here
are a few of them to help you in your search to find the perfect home:
1. Carpet Area: Carpet area is the area that is enclosed within the walls of
the house. It does not take into account the thickness of the inner walls. It
is the actual area that is used for an apartment or office. The carpet area
usually includes a certain percentage of the other areas of the home such as
the terrace, balcony, and verandah. This can result in your usable carpet area
being much smaller than you expected, which is a common mistake made while
calculating the total carpet area. If you’re planning on buying a luxury villa in
Bangalore, make sure to calculate the carpet area carefully.
2. Built-up/Super built-up Area: The built-up area includes everything from the
thickness of the outer walls, balcony area, and the carpet area until the inner
walls. The super-built up area is also known as the saleable area. It is the
total built-up area of the house, plus a proportionate share of the area of all
the common amenities in the complex. These include the entrance lobby,
terraces, corridors, staircases, lift shafts and lobbies, clubhouse, and other
common areas. However, this is only if they are not separately charged for.
Also, some of the areas that are not included in the super built-up area are
open-sky swimming pools, water tanks, and open sports facilities.
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