Based on the description above, you need to be careful because many problems that may arise. We are looking for tips on buying a house that can be used as a guide, especially if you don’t want to be tricked when you’re buying a Real Estate property.
# 1 Prioritize Developer Reputation
The reputation of developers is very important.
Because the house has not been so while you have to pay off (even if it’s with credit), so it depends on the developer.
And also, the maintenance of certificates is highly dependent on the developer. Unprofessional developers lead to the handling of letters and certificates.
One way of measuring reputation is to see the completeness of the developer permissions, among others:
Land Use Permit: Location Permit, Land Use Aspect, Site Plan approved, Land Use Permit Permit, Land Certificate Number, Building Permit Letter, Building Permit Letter.
Infrastructure already available.
Soil conditions mature.
Minimum land certificates on behalf of the developer
Building Permit Letter
# 2 Certificate Still On Developer Name
When the initial purchase of the house, the certificate is still on behalf of the developer. There are a number of processes to go through until the certificate becomes the buyer’s name.
As long as the certificate is still on behalf of the developer, the implication is:
Take – over credit to other banks is difficult. Generally, banks will not be willing to accept take – over if the certificate status is not Certificate of the ownership on behalf of the owner.
Home sales are difficult because prospective buyers will not be able to get the Certificate of the ownership. Meanwhile, the Certificate of the ownership is important for buyers as a guarantee of the legality of land and building ownership.
Therefore, it’s important to make sure to the developer, when the certificate goes into your name.
In the sale and purchase agreement usually has been included the target of completion of the certificate. The problem, whether the target is kept or not.
# 3 Do not Pay down payment to Developer Before mortgage Approved
Readers on this blog once asked “I was asked to immediately pay a down payment (down payment) by the developer, while the mortgage is still in the process. Do I have to pay the down payment? “.
The thing to remember is there is no guarantee that the bank must approve the mortgage application even though the developer has cooperated with the bank. Because banks not only see developers but also evaluate the buyer’s financial ability to pay off the installments.
Therefore, it is better to pay down payment after the decision of mortgage approval.
If there is no decision, it should not be paid down payment because if it turns out that the mortgage is not approved, you have to ask back down payment and it is usually not easy (there are always pieces).
By renting a house, in addition to returning the initial capital when you first bought it, you as the owner can also reap the benefits. In addition, occupied occupancy will certainly be more maintained than residences that are left without residents. However, before starting the business and hand over the keys to prospective tenants, first, know the tips that will help you to do well in the Real Estate renting service.
The first thing you need to know to give a precise picture of the rental value on offer is the rental price. Make a survey of the average rental rate for the type and environment you own. For example, you want to know the value of residential lease in a big city, you can find out from the newspaper or online media property regarding the value of the rental of similar property standards.
To make the lease easier, use several ways such as using the services of a property broker agency or install free home ads with online property media. Before the rent, make sure the condition of the house that you will rent. For example, cleanliness, electricity, clean water, dirty water, to damage to components. Buildings that are adequate and livable conditions will certainly affect the value of rent significantly.
Checking the condition of the building and calculating the range of rental rates you have done? So the house is ready to stay on offer. In order for the rights and obligations of tenants and prospective tenants to be fulfilled, it is necessary to make a lease agreement in writing and signed by both parties on stamp duty.
In the agreement, it is better to explain the rights and obligations of each party complete with the consequences obtained if there is one party that does not meet the agreements and agreements that have been made together. This is done in order to make the lease process becomes smooth and avoid future chaos.
A building like a residence is indeed a profitable investment. So it’s no wonder that this business continues to be popular and growing because the initial capital can come back in quick time. The more homes rented, the greater the benefits.
Buying property can be done by cash or credit. However, shrewd property buyers will surely pay attention to several things. Yes, investing in property is very promising and can provide huge profits. However, sometimes investing in a Real Estate property business can be a boomerang that can lead to losses and even bankruptcy.
To avoid this, there are a number of factors to consider when you want to find and buy property, here are some tips that we will share with you.
One of the most important things to think about when you are in the initial phase of property search is budget.
Before buying a property, as an investor should do a survey first, find the price of a fair value with market value.
Often vendors or open property owners offer a sale price. Therefore as a buyer, you should be able to negotiate a better deal, especially if the purchase is made in cash. Because the investment you choose will affect the potential profits in the short and long term.
It is important to do research on the property portal or property agent related how much the value of the rental price in the market and how long the investment period will be behind the capital.
Expense costs also need to be taken into accounts such as the cost of handling certificates, security, property maintenance and other costs should be budgeted before calculating the rental price of the property.
The right location is one of the key keys to opening the door when you want to invest in a successful property, so make sure you survey and search for locations of great interest.
If your budget is limited, remember this term “Buying the worst properties in the best areas can be better than buying the best in the worst locations”.
The needs of the tenants become the key to any successful investment. Investors should be observant when conducting a survey if your property is leased. Make sure that you can identify the type of tenants as they search for properties in accordance with their interests.
The importance of knowing the tastes that prospective tenants want to be your target market when suggesting whether to buy their choices or need to offer another property.