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Useful Points to Know About Maintenance Charges

Do you think the construction cost is the only expenditure when you are planning for your home? There are more things to be concerned about. Apart from making the building, you have to invest more in the maintenance of it to finish the project. From setting the electricity to Managing the water pipeline, nothing comes in free and all these are essential to complete your home. Many builders charge a grand amount to solve these requisites and many homeowners face hassles in managing such requirements. If you are facing the same, then here are some effective things to know about maintenance cost you should know—

The coverage of maintenance charge: Before expecting more from the facility, you should know what it offers. Not all the maintenance charge serves with the same service, it differs according to the providers. And before asking for more advantages, don’t forget to discuss your benefits. It might be true that you are asking for something extra which is not mentioned in the contract or maybe the builder is cheating on you. therefore, to stay away from such hassles, read the coverage of your paid maintenance charge.

Know RERA to regulate the maintenance charge: According to the Real Estate Regulatory Authority, all builders have to sign a maintenance agreement before proceeding further. This agreement includes the total cost of maintenance, the breakdown of the cost and the services for sure. If your builder shows you any kind of dilemma to give you the mentioned services, you can seek help to court.

What is the breakdown of these charges?

Basically, these charges are fixed as per the flat numbers and area of the apartment. The charge of life and water bill will be divided into the families who are living in the building. The expenses pf plumbing, housekeeping, cleaning the usage of equipment is divided into the flat members.

What about the taxes?

Before the introduction of GST, the service charge was low, now by including the GST, Swachh Bharat Charge and service tax, the total cost is increased up to 18%.

Hope you will enjoy reading the topic. Keep these facts in your mind while your building construction is done. And always use the top quality SRMB TMT bar for a robust construction.

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