10 tips for your future house
In this article, you will find 10 tips to follow before buying your future house
If you like a property and think about buying it, you should investigate it carefully before concluding the deal. You should also think loudly about the importance of this property to you right now; and here is the top 10 pieces of information you have to consider when you go to see the house you liked.
1- The importance of buying the property
As we mentioned before, it is necessary to think loudly in a completely clear mind before you decide to get into the purchase deal. You have to focus only on making a decision and ask yourself: do you have to buy the estate at this time? Are you buying it for living or for a later investment? If the estate is a piece of land; will you buy it to build a house or a commercial project? Do you have the cost of building in this time, or will you buy it only for a later investment?
Those are some of the questions that should come into your mind. If you find answers, the decision will be easy.
2-Knowing the advantages and disadvantages
If you liked the property and decided to buy it, you should make sure that its advantages exceed its disadvantages. For example; Does the property Lie in a special place? Is the property distinctive? Is it on a high floor or in ground floors? Is it surrounded by noise?… and so on.
3- The real estate area
Do not let your fascination with the estate makes you forget its area. If the estate is an apartment or a house, you have to be sure that its area is suitable for living to you and your family. If the estate is a land parcel, you have to be sure that its area is suitable for your project or the building you will build, in case that your target is to build not to invest.
4- Interior design:
After checking the space and being sure about its suitability to your needs, in case of the estate is a house or an apartment, move to the interior design part. If you have a big family, you will need more rooms. If the area is large but the division of the estate does not meet your needs in the number of rooms, the deal will not be valuable to you. So, the coordination of the area with the design is an important matter that you should consider carefully.
5- The location of the property
The location of the property is one of its luxuries. For example; if it is close to your work area or to your daily destinations, it will make you feel stable quickly. If the estate is also in a vital area with roads and transports, you will guarantee the profits of its sale later, if its purpose is to be invested.
6- The availability of services
Do not forget to be certain about the availability of services around the property, most importantly; the basic services and livelihood like: hospitals, pharmacies, houses of worship, commercial shops, schools and kindergartens. If you are one of the entertainment fans, make sure that there are cafes, sporting clubs, cinemas and restaurants around the estate.
7- The validation of documents and licenses
Before buying, you should be heading to the neighborhood of the property to make sure that the estate is licensed, then; be sure of the dates and numbers of the licenses and the number of the allowed floors to be built. So, you can be certain about the building safety and that it is not exposed to be removed.
Be aware of buying the estate without electricity meters and do not hesitate to ask the estate owner to see the last electric bill to ensure your rights. If the estate is a residential unit or a land. Make sure that the vendor has the real estate ownership documents and the statement of his ownership.
8- Taxes and monthly expenditures of the estate facilities
You have to plan the budget regarding the costs of the estate facilities from electricity, water and gas, especially if its area is large like a villa. Bear in mind that you should specify a budget for real estate maintenance in case of any surprising circumstances.
9- Timing of the purchase and payment method
If your last decision is to conclude the deal, do not forget about the payment method and be sure that you planned it well. Do you intend to pay a down payment and complete the rest amount in installments, or do you have the whole money for the deal? Make sure that your payment in cash at once will not affect your general budget later. Do not forget to choose the adequate time of buying by following Aqarmap research indicator in order to get a great deal in the stagnant wholesale market period.
10- The value of the estate, later
If the estate is for investment, then its later value should exceed the amount you have paid to buy it . Here are some ways to ensure the success of your small investment: the estate should be in an area that will be vital for inhabitants and projects in the future like New Cairo. It should be in an area that the estates are valued in it according to its liveliness like Wust El-Balad, Masr El-Gedida and Madinat Nasr, or it should be in a multiple service compound and so on.