The growing needs and unavailability of residential areas lead to the spring up of apartments and flats. There are certain advantages of buying a flat rather than a house.24 hrs security, recreation area, kids play area, uninterrupted water/power supply etc are some of the best amenities you can enjoy while you have an apartment. Most of the flats are located in a pivotal area that is well connected to major destinations. Here are some of the things you should remember before buying a flat or apartment. Fix a budget Compare the cost of the property with various builders. For example, if your preferred location is Kochi, then search for the best flats in Kochi in online portals, new papers etc. Check whether Legally Authorized or Not It is very important to verify that the property is legally authorized by the authorities like having approvals from local development authorities, water supply and sewage boards, electricity boards and Municipal Corporation. Possession You should have a clear estimate from the builder about the time period of possession. If there will be any delay there should be a valid explanation for the same. The builder is responsible to pay a monthly penalty to you in the case of any delay occur in the flat's possession. Additional Charges Hidden and additional charges like registration fee, stamp duty, taxes etc will be kept in mind before buying a property.