7 Things to Look For When Buying Property

7 Things to Look For When Buying Property

7 things you need to consider when buying a property, some things you should consider before you specify the property that you buy,

The following are some tips worth reading.

1. Location

This is an important aspect to consider before determining the property that you will buy. Location election should be tailored to your needs, whether you will buy property is destined for residential or for business purposes? if for a place to stay, to consider are:
– Are the facilities provided are sufficient, in terms of the following infrastructure in terms of security environment, the following shopping area playground for children – children;
-Is An area being developed or have been developed;
when you buy property intended for the purpose of business, maa things to consider are:
– Is the location in accordance with the market share of business you run?
– Does the area being developed or have been developed?
Is the number of inhabitants in the area has good potential for the kind of business we run?

2. Classification of land
It can generally be classified into four categories, namely: commercial, residential, industrial and agricultural.
By knowing the type of soil, will certainly help us to find properties that we want as needed.

3. Passive Income
Whether the property has potential passive income? Is there a tenant or prospective tenant?
What is the price that has been offered the tenants for that property?
The best option is a property investment options can be “self-liquidating assets” that generate passive income and be able to build an asset for you. try Consider the following scenario: Buy property in a strategic place, the location is quite attractive tenants. you do not need to pay in cash to the cost of the property, you simply pay a deposit and let the tenant pay the installments of biayan monthly rent. Amazing is not it?

4. Status of land
The land certificate is a legal document that describes the status of ownership. carefully check on the status of land mail, make sure the name on the letter matches that of the name of the party who will sell the land? Does the seller have the legal right to conduct such transactions? do not forget to insure How many square meters of land area?

5. encumbrances
Encumbrances refers to the boundaries of the property. Are there pleasures that limits property occupiable space. Perhaps partly owned land has been granted, for example, road. Is there a claim from the other party? checking against it are essential to avoid lawsuits later, Lawsuits are problems inherent to the property. make sure that no other party which claims ownership of the land? Is certificates were pledged to the bank? If that happens like this, then the mortgage should immediately dibatalkan.karena If not, then the other party such as a bank one day may seize the land, if the owner is not able to repay the loan.

6. Payment of the UN
Properties include taxable goods. By looking at the letter of notification of the UN, of course, we will be able to know how the value of the property that we will buy. Make sure that the United Nations on the property that we buy will have been paid in order not to be a burden in the future

7. Another problem
Ain issues you need to consider before making a property purchase is whether or not the occupants / tenants illegally. because the amount of legal fees that would be required to expel illegal people is quite large, other than that they can steal something that has a market value of your property.

Thus things that seem trivial but often a big problem if you do not watch carefully. I hope this article can be useful.


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