What should we know before buying any property?
Last Updated: 2023-09-11
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What are the things that we must know before buying any property?
How to get a property is more important than getting the property itself, real estate investment is one of the most important and largest types of investments ever.
And for that, what should we know before buying a property?
- Building permit:
A permit under which the municipality allows the builder to build, and the license is based on Article 21, Law 3194 on building permits, municipalities regulate building permits after procedures required by the contractor.
- The total area of the apartment and the net area:
One of the most important questions that the buyer is concerning, especially in the case of purchase before the start of construction.
What is the area of the net and total apartment?
Usually real estate developers offer their apartments in the total areas and the buyer in case he does not inquire about the net area of the apartment before buying may be surprised by a small or smaller apartment than expected, and the difference between them is that the total area is the area of the apartment in addition to the area of facilities related to the apartment of parking and the other, But the net area is the net area of the apartment.
- Soil Study of Construction (Geotechnical):
It is a report of a geotechnical study carried out on the ground for the safety of the building and its inhabitants, also the soil resistance to the earthquakes and slippage and these reports are emphasized especially in the new used lands of construction.
- The quality of the materials used in the construction:
you must know the quality and quality of the materials used in the construction.
- The location of the project and its proximity to (public transportation, health, educational and service centers):
For those who want to live or invest, it is necessary to take into consideration the location of the project and its distance from the public transportation and the health, service, educational centers.
- Construction revenues:
This is a monthly amount collected from apartment owners by the residential area department for several services provided by the department (such as swimming pools, gyms, elevators, protection and in some residential projects, monthly revenues may be up to $800 per month.
- Floor title deed:
Very important (to be explained in a subsequent article)
- Facilities in the project:
As swimming pools, tennis courts, football, basketball, parks and footpaths, fitness halls
- Generator when needed and water pumps:
So that the residents do not have the problem of power and water outages.
- The developer company:
The question about the experience and past of the developer company, what projects it has completed and the services it provides after purchase.
- Heating system shape:
Is it a central heating system or a heating system on natural gas (KOMBI)? and knowledge of the quality of thermal insulation and the monthly heating mechanism
- Construction age:
Knowledge the age of construction, especially in buildings that are built before the earthquake and for buildings more than 50 years old, it is necessary to ensure that they are able to resist earthquakes.
Edited by Mersat Real Estate Team ©
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