Almost everyone dreams of having their own house or apartment. A dream can come true very quickly, because it turns out that buying a townhouse is much cheaper than buying an apartment in the city center. But what should you pay attention to before signing a contract with the developer?
Buying a house is often associated with strong emotions, which, however, must be controlled so as not to buy a pig in a poke. Many homes for sale on the real estate market require deep analysis and planned action. Therefore, it is worth preparing for a meeting with a representative in order to better learn not only the technical condition of the building and information about the layout of individual premises, but also get to know the territory.
1. Budget and property location
Before buying a home, many people begin their adventure with costing and budgeting for the purchase and subsequent renovation of a property. It is worth remembering that when buying a house in the primary market without finishing, its finishing will be under your responsibility. Therefore, determining the specific budget that needs to be spent on real estate is the first thing to pay attention to.
Place the next question. It is worth finding out which areas of the city or its environs will suit all residents.Some people prefer to pay more and are interested in investing in the city center, while others choose a quiet suburb, for example, preferring to live in a country estate.It is important to clarify the time that will be spent on the road to work, the traffic in the immediate vicinity of the site, or even the distance to grocery stores. Many also pay attention to the neighborhood or remoteness from green spaces.
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2. Meeting with the developer and legal issues
The next step when looking for a new home to buy is to make an appointment with the developer. This will make it easier to learn all the terms and conditions of buying a house, as well as make sure that the developer has all the necessary documents to allow him to build and own the land before selling it.
Before buying a house, it is also worth checking whether the company has all the permits and whether they correspond to the offer for sale. Also during such a meeting, you can easily get the land registry number and mortgage registry number to check if the property has an owner other than the developer company.
3. Signing a contract - what to look for
When deciding to buy a new home, it is worth knowing that you will need to sign a contract. Regardless of whether it is a preliminary or final sale agreement, it must be read carefully. If you are buying an apartment for the first time, it is worth taking a person with you to sign the contract, who will know what issues you should pay attention to and under what conditions you can agree.In case of doubt, you can ask a lawyer to carefully understand the content, especially when signing a sales contract.
The contract must contain provisions on delays associated with the payment of installments for an apartment or a tax fee for an apartment. It is also necessary to formally resolve issues related to repairs and compensation for damage.It's also worth checking out what the terms of the down payment or advance payment agreement look like, and what to do if you have to cancel the agreement as a result of unforeseen events.
4. Technical condition of the building
Once a decision has been made, a separate challenge is being able to inspect the site and building before buying a home. Thanks to this, you can compare whether the offer shown in the floor plan corresponds to the actual state. Checking the technical condition of the house, for example, a private house, will allow you to make sure that all important aspects have been completed by the developer. The assessment of the technical condition will also provide an opportunity to estimate future costs associated with repairs, and in the coming years - heating bills.
The inspection of the house consists mainly of checking the condition of the facade, windows and doors. It is also worth checking the quality of the floor, walls and ceiling. Before buying a house, you can also check the condition of the kitchen and bathroom equipment, as well as check the plumbing and electronics.
5. Buying a new home - the most important questions
Buying a new home comes with high costs and stress associated with the prospect of lengthy renovations. Therefore, it is worth making a decision to buy a finished property from a developer. This allows you to save time that needs to be spent on completing all the formalities.In addition, professionals are involved in the complex preparation of the house for sale, so you can be sure that all legal and construction issues will be completed at a high level.
