Old house: Cheap real estate
The old house is the type real estate Many people are interested in it because it owns a series of genuine advantages such as stable price, usually located in residential areas that have been formed for a long time, available living facilities, price potential… But besides the Convenient and stable price, old houses also come with many risks. To avoid “losing money”, here are 3 experiences you should know when choosing to buy an old house.
1. Consider home location
Geographic location is always the most important factor to consider when buying a home no matter what you are planning buy house old or new house.
To be sure to hold the profit in hand, you should choose to buy houses near the city center or places with dense population. Apartments in real estate projects with synchronous traffic infrastructure, convenient for moving to the center or neighboring areas are also often prioritized.
In addition, utilities around living areas such as markets, supermarkets, schools, hospitals, amusement parks, etc. also need to be carefully considered to ensure the quality of life of you and your family in the future. future.
2. Check quality, budget for remodeling – renovation
There are 3 things to check carefully when buying a second-hand home: the drainage system, the walls and the ceiling. There have been many cases where the previous owner intentionally raised the floor, covered the tiles, and repainted the house to cover up signs of deterioration such as cracked walls, ceilings or leaks… Therefore, buying an old house you need to carefully consider carefully. dual. If the house is leaking, the water supply and drainage system is blocked, the walls of the house are cracked, no matter what the price, you should not buy it regardless of the purpose of transferring, doing business or settling down because they can directly affect the house. quality of life as well as your investment cash flow.
On the other hand, when buying an old house, you should also estimate the budget for restoration and renovation right from the start to avoid buying a house and being overspended and in debt later.
3. Find out the background and legality of the house
Housing is always one of the biggest expenses of each person, so it is essential to learn carefully about the origin and transaction history of the house.
First, do not buy a house that has been around for too long or has been renovated many times to avoid unnecessary risks on the structure of the house.
The second is legal papers, even though it doesn’t take much effort to apply for a construction permit, making a book for your house must absolutely not be subjective with legal documents and procedures. The information on the red book, construction documents or land use right certificate all need to be carefully considered, to avoid the case that the house has been transferred to many people or is in dispute or legal trouble causing you to encounter trouble, lost everything later.
And if you want to buy an old apartment, the background of the investor is also very important. Please choose to buy apartments in projects of reputable investors to ensure construction quality, security situation, living environment, surrounding utilities …
Photo: Synthesis
at Blogtuan.info – Source: Kenh14.Vn – Read the original article here
