Buying an apartment is always a great choice for many customers. However, a home is an extremely large asset, so before buying you need to consider many issues. Especially buying an apartment on installment payment. Today, Newsmogi would like to share with you the notes when buying an apartment to remember to buy a reasonable apartment, good feng shui. Let’s refer to it now.
Notes when buying an apartment with instant payment
1/ Determine the location of the apartment
One of the most important things to consider when buying an apartment is that you need to determine where the apartment is located. Are there any amenities around? If buying to live, is it convenient for you to go to work or your children to go to school?
Even the location of the apartment also greatly affects its selling price if you no longer live and want to transfer. Therefore, please pay special attention to this.
2/ Find out more about the project investor
When buying an apartment, do not be gullible, but believe in the advice of real estate consultants. Find out for yourself about the capacity of the investor, the investment license, the construction permit of the project. To ensure that there is no risk after depositing and receiving the apartment.
3/ Reasonable price
Choose to buy apartments with reasonable price with enough area. Avoid buying an apartment that is too large, too expensive when the cost is not rich and vice versa.
If you deposit a large amount in advance to buy an apartment, you should immediately note the following notes when depositing money to buy a house :
- There should be a clear and legal deposit contract;
- Deposit should only be made when really sure to buy the apartment;
- There should be a witness in the deposit contract;
4/ Security issues
When staying in a high-rise apartment building, you need to observe whether the apartment is equipped with a fire protection system, a fire prevention system, a CCTV camera, a building security guard, a security system, and a security system. Whether the automatic fire alarm meets the standards, how to manage the access to the apartment, is there a surveillance camera system or an alarm system when there is an emergency situation…
5/ Evaluate internal and external utilities
The internal and external utility system is also an issue you need to pay attention to when buying an apartment. Besides the rich internal utility system, the external facilities must also be convenient to meet your own needs as well as the learning and playing needs of your children later.
6/ Parking area
One more thing to keep in mind when buying an apartment is to pay attention to the parking area and the parking price. Make sure that the parking lot of that apartment building has enough capacity if there are guests or relatives visiting and visiting your apartment. Especially the car park.
7/ Should buy an apartment with 2 or more bedrooms
Even if you have a married couple, no children, you should still buy an apartment with 2 bedrooms or more. Because you can’t change your family’s apartment constantly. While in the future your family will have more babies or have relatives and friends visit, right?
Things to keep in mind when buying an apartment with installment payment
1/ Choose an apartment with area and price and payment terms
The selling price is the first factor you need to keep in mind when buying an apartment with installment payments. You should consider and buy an apartment in installments with at least 30% of the apartment value. You only need to borrow up to 70% of the apartment value. This ensures no financial burden later on. At the same time, carefully review the apartment purchase and sale contract. And certainly about costs such as parking fees, management costs, cleaning costs, etc.
One more note when buying an apartment with installment payment is that the apartment purchase and sale contract must have an appendix. Including the commitment on the time of handing over the house. No costs incurred. Ensure the quality as well as the amenities of the apartment.
2/ Self-assess ability to pay principal and interest monthly
Before buying an apartment, pay installments. The most important thing is that you have to assess your own financial ability. After the purchase is complete, you can pay the monthly principal and interest to the bank in full. Avoid overlapping old debt with new debt or inability to repay.
3/ Learn more about the project and the investor
One more note when buying an apartment with installments is to carefully consider the project and the investor. Include basic information about the project owner and the project. For example: Infrastructure, investor information, prices, utilities, location, etc.
If you can’t figure out these issues yourself, you can use many different sources for reference. For example, reputable real estate websites. Or through real estate experts, experienced real estate brokers, etc.
4/ Don’t be greedy for cheap apartments
Real estate is a great asset, its prices skyrocketing over time. So if you see an apartment for sale at a very cheap price, you should pay attention and ask why it is so cheap.
Find out if the apartment project is near a park, supermarket, school, hospital, …? Is the project located in a noisy or quiet location? What is the security situation in the area? Is the apartment close to the center? Is it located in a polluted area?… Surely there must be a problem, the selling price of that apartment is too cheap compared to the market.
5/ What is the legality of the apartment?
One more point to keep in mind when buying an apartment is its legality. In the first place if you don’t take this into consideration. And unfortunately, having staked in legally violated apartments and forced to stop construction, you will definitely be in big trouble. The problem is worse if you borrow money to buy an apartment in installments. Therefore, please pay special attention to this issue.
To be sure, you should ask the investor to provide a copy of the legal information related to the project. For example, construction permits, investment, … Make sure the project is completely owned by the investor. No mortgage or transfer. Or on the list of planning without compensation of the state, …
Above is our share on the issue of notes when buying an apartment with installments. Surely this information will be extremely useful for those who are looking to buy an apartment. Don’t forget to visit AequitasAudit.com to find the best apartments in the market today.
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