10 Terminologies Related to Real Estate You Should Understand Before Buying

 First-time investors may find the real estate market confusing, so it’s a good idea to become familiar with some common terminology. Ten terms you should be familiar with before buying real estate are listed below:



1. Return on Investment: This is a metric used to express how much money was made from an investment. The profitability of the investment is calculated by dividing the net profit by the total cost of the investment.

2. Appreciation: The rise in a property’s value over time is called appreciation. Location, demand, and the physical and social infrastructure all have an impact on appreciation.

3. Sale Agreement: This is a contract that the buyer and seller of the property enter into. Usually, this document includes the deadline for completion and payment.

4. Sale Deed: This legally binding document, which transfers ownership of the property in exchange for a sum of money, is a must. A sale deed attests to a property’s ownership.

5. Carpet Area: The net useable area of a property is defined by RERA as the carpet area. This is the portion of the house that a carpet can be installed over. This excludes the spaces enclosed by balconies, walls, etc.

6. Built-up Area: The whole area of the residential unit is included in this term. The carpet area, wall thickness, and balcony area are all included in the built-up area.

7. Stamp Duty : This refers to the legal fees that must be paid on legally required documents in a property sale.

8. Credit Contract: A written contract that details the terms and conditions of loan repayment and is signed by the borrower and lender.

9. Down payment: The amount of money required up front in a real estate purchase by the buyer.

10. Collateral — is the term for personal property that is pledged as security for a loan.

Buildiko Spring Woods is an upcoming luxury 4BHK & 5BHK villa project on Sarjapur Main Road, Bangalore. The project has a total of 103 luxury villas across 6.75 acres of land with a sustainable setup and an adequate amount of open area, hangout spaces, functional amenities and recreational areas.
Located 7 minutes away from the proposed Sarjapur Metro Station, access to over 15 International Schools & tech parks like WIPRO, Infosys & more, Buildiko Spring Woods is the right choice for your investment today.

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