Descriptions:
When you buy a new apartment, you have to check a lot of things before buying it. The most important thing is the structural stability report. I will tell you how to look at it and what the criteria are.
If you are going to buy an old apartment, watch this video and decide. Hello, my name is Madhaneshree. I am a structural engineer.
We can divide a building’s lifespan into three categories: new building, old building, and very old building.
New building: 0 to 15 years
Old building: 15 to 30 years
Very old building: 30 years and beyond
For new buildings, you have to get a structural stability report every 7 years. For old buildings, every 5 years. Similarly, for very old buildings, every 3 years. These are the general rules.
When you visit a building that you want to buy, you have to look at the following things:
Natural calamities: Check if the building has been affected by storms, floods, or earthquakes.
Renovation or structural modifications: Check if any renovations or structural changes have been made.
Visible damages: Look for cracks, seepages, or corrosion. This is very important and often overlooked.
If you are applying for a loan to buy a building, insurance will be included. If there is no structural stability report, your insurance may not be fully covered.
Consider everything I mentioned, check thoroughly, and buy your dream apartment safely.
If you need consultancy related to this, you can reach out to me.
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