First-Time Homebuyer? You Must Know these Real Estate Jargons

Home hunting is quite a complicated task and requires strong vigilance over a number of things. Area of the unit is one such factor that is the base of many complaints lodged against the builders on account of misrepresentation of facts. To stand on the right side, you must be aware of the important guidelines for buying your first home. One such guideline is related to the area of the unit you buy. Carpet area, built-up area and super built-up area are the three terms that will definitely come along your way. They are very different from each other but can make a huge difference in the price you pay for your dream home.

First-Time Homebuyer You Must Know these Real Estate Jargons

Let us discuss these three terms in some detail:

Carpet Area- In simple terms, it is the area of the house in which you can lay a carpet wall to wall. Hence, this is the distance between the inner walls of the house. It refers to the total usable area of your flat. It will also include the area of the staircase (if any) that is within the house as that also makes usable area. [Read more…]