Assessing Real Estates in Calcutta

Property condition is a key factor in determining the value and price of real estate. Inspect the property. Find out what might need repair or attention. Find out whether there are any termites or other pest issues. Consider using a professional inspector trained to uncover potential problems you may not see.

• Structure: Look at all walls, ceilings, floors, doors and windows, as well as the structure’s floor coverings for any cracks, gaps, or missing pieces. Have the roof inspected.
• Plumbing and electrical: Pay attention to bathrooms and bedrooms. Find out if the plumbing and electricity work.
• Fixtures: Consider fixtures, such as ceiling lights, faucets, and exhaust hoods.

Also evaluate property status.

• Code: If the property includes a home or building, confirm that the property satisfies local building code requirements. Consider calling the local department of buildings and inspections to determine if the property has been cited for any code violations. Some jurisdictions may have this information available online.
• Liens: Check for liens and encumbrances on the property. If the title isn’t clear, what are the easements on the property? Title insurance can be very valuable in assuring that you are taking title “free and clear.”

Finally, look at the market.

• Appraisal: Consider getting an appraisal report. An appraisal report can provide helpful information on the value of the property compared to others in the area.
• Prevailing rents: If you intend to rent the property to tenants, check prevailing rental rates in the specific area in which the property is located. Rents can vary greatly by neighborhood.