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Are you going to buy an apartment? Here are tips on what to watch out for

Posted by Sealectric on November 30th, 2019

When you buy a new apartment, it is usually an event that brings joy, but of course there is a certain amount of worry associated with it. Some of them can be avoided by careful and cautious when buying an apartment. It is a vital decision in life and therefore nothing can be taken lightly - if you make a mistake or miss something really important, it is difficult to rectify it later. Therefore, we have prepared for you some important tips on what to take care of when buying an apartment and what to be careful.

NOT TO FORGET SEEMINGLY LESS IMPORTANT THINGS
When choosing an apartment, it is logical that you will first of all look at the location where the apartment is located, the equipment and layout of the apartment with regard to practicality and comfort, certainly will be very important price. These are things that of course nobody will overlook and forget, but there are many other factors that need to be given the same attention! Very often this applies to legal matters that are associated with the property you choose.

IS THERE NO DEBT TO THE APARTMENT FROM THE PREVIOUS OWNER?
If you are buying a property that someone has already owned before you, it is always extremely important to check that there is no debt obligation on the property after the previous owner. This is most often the result of payments for energy or services, but it can also be something else. If the previous owner of the apartment still has debts for the payment of gas, electricity or water and sewerage, it could mean for you truly unpleasant complications.

The property industry is skyrocketing. Land may be a superb longterm investment, however, you should be ready to pay some amount of money to establish your house or your land will sit unattended for years. A residence and lot is ideal, but it is very costly especially if the location is in urban areas. About the opposite hand, The Avenir is maybe not merely cost-friendly, buying it is practical as well. That is why.

This is mainly due to the fact that providers in such a case usually refuse to re-engage or allow the use of energy or services for the new property owner. So, in the end, you would have no choice but to pay the debt for the previous owner. If you buy an apartment from a community of owners or a housing co-operative, it is also necessary to check whether there is any debt left on the apartment.

ASSESSMENT OF THE CONDITION OF THE APARTMENT CAN HANDLE BEST EXPERT
It is always worthwhile before signing a reservation or any other contract to take to the apartment construction expert, who assesses its technical condition. It will also alert you to problematic areas and parts of the apartment where you will have to invest in excess of the purchase price in the near future.

The assessment of an apartment by an expert is a relatively small investment, which is always worthwhile without any doubt. The expert is also able to detect defects that you would probably not discover even after a thorough inspection and would occur after a long time while using the apartment.

COSTS ASSOCIATED WITH THE USE OF THE APARTMENT
If it is an older, non-insulated apartment, the costs associated with use can be quite high. If you compare them to the cost of an apartment of the same size in a new building, for example, heating investments in winter can double as much! Therefore, it will certainly not hurt at the very first inspection of the apartment to request the submission of the so-called record of the apartment and the bill for electricity or gas and get acquainted with the amount of payments in different seasons. If you are buying a flat for a mortgage , you will have to watch every investment after all. Otherwise, you may end up in an older block of flats where you have to pay even large sums to the repair fund on a monthly basis for the same amount as a new apartment, which was slightly more expensive, but the other costs are substantially lower.

condominium

RESERVATION AGREEMENT AND FEE
The reservation contract together with the payment of the reservation fee is currently a common part of real estate transactions. The correct procedure is to deposit a reservation fee in a lawyer, notary or bank deposit. The fee will then be paid to the real estate agency only after the purchase contract has been signed and the buyer's ownership right has been entered into the land register. Another matter of course should be that you require a three-way reservation contract, in which besides you and the real estate company will also be the seller himself.

CORRECTLY DRAFTED CONTRACTUAL DOCUMENTATION
The preparation of draft contractual documentation should be prepared by a real estate agency in cooperation with qualified lawyers and lawyers. Such a contract is of much better quality and it takes into account the various possible situations that might arise. A contract prepared only by the broker himself or even drawn up by the seller under another contract or a model from the Internet is better to refuse and require a contract drawn up by experts. It is always a good idea to have your contract checked by an independent expert before signing, so you can be sure.

Also See: Real Estate, Previous Owner, Reservation Fee, Reservation Contract, Contract, Apartment, Reservation

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