5 pieces of information you should know before purchasing real estate unit
When you purchase any real estate unit, you should first seek these pieces of information for not to run into any troubles after purchasing.
Before purchasing, consider and double check the following items for not to be exposed to cheating and deception, and lose much more money, especially when you are going to pay a big amount of money for purchasing a real estate unit.
First: Apartment’s condition
To assure the good condition of the apartment, examine the condition of pluming and electricity systems. You need to check all unit’s parts in broad daylight so you can observe if there is water leak or bad painting works. Daylight also helps you see every detail in the apartment very easily and except what can be changed in design, and if the foundations allow this change or not.
Second: Bills
Get the latest bills of electricity, Gas, and water, and be sure that there are no unpaid bills in the competent authorities to which the apartment is related. It’s necessary to know if there are any bills shared by the building as a whole, or if sewerage and water bills are issued separately for each unit.
Third: Real area of the apartment
You should know the net size of the apartment and not the one mentioned in official documents; in which utilities, elevator, and wasted spaces are included. Thus, you can evaluate size of your furniture if you are going to move from an apartment to another; as your furniture sizes may be too large or too small. For this reason, you should watch your steps before you purchase an apartment, and you can consider all details related to purchasing and changing furniture to fit this new apartment, or maybe you can purchase another larger apartment or cheaper one and save your money.
Fourth: Making sure of the veracity of the apartment’s rate
Ask about the rates of other apartments located in the same district and have the same area, view, and finishing, so you can know if the price required for this apartment is suitable or exorbitant. You can also use Aqarmap Service for Real Estate Evolution that helps you identify real estate price according to previous factors.
Fifth: The contract
Make sure of the availability of registered sale contract in Land Registry Office with date and year, as well as the seals on this contract. If the contract is preliminary, then there should be a certification of signature issued by court and having all contracts; starting from real estate sale from the building owner to the person from whom you are going to purchase the apartment. Moreover, you should examine building and construction license while purchasing so you can easily check it at District Office.
After considering all previous details and thinking well before talking your decision, in addition to comparing between the amount of money you own and costs you shall pay after purchasing the new unit. If the privileges of this real estate’s unit deserve purchasing, then you can easily take this step and happily change your apartment.