When buying an apartment what to look for and what you need to know?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Purchasing an apartment is a specific and complex process, which consists in evaluating numerous factors, studying the documents and the nuances of the chosen property. The correctness of the choice of housing depends on how legally clean the transaction will be and how high-quality the object itself will be. Therefore, each person should figure out what to look for when buying an apartment. For this, the property itself, the seller, the documents received and the history of the object are evaluated.

Self-purchase or through an intermediary

Initially, it is decided whether the property will be selected independently or specialists will be involved for this. If you use the help of re altors or lawyers, you can prevent numerous negative consequences of such an acquisition, since the apartment is comprehensively studied.

What to look for when buying an apartment on your own? If the procedure is performed on your own, then you need to ask the seller for a lot of documents for the object.

If orderedservices of an intermediary or re altor, then a special agreement is drawn up with him, providing for the possibility of various negative consequences of the acquisition, which are eliminated by the specialist.

Where does the choice of real estate begin?

What to look for when buying an apartment in the first place? Initially, you need to answer several significant questions:

• determining whether housing will be bought on the primary or secondary market;
• calculates how much money will be allocated by the buyer;
• deciding whether to use only their own savings or have to resort to the help of banks;
• choose how many rooms should be, what their square will be, and also in which region of the city it is preferable to choose an object.

Based on these parameters, you can choose the best apartment for purchase

Primary or secondary?

It is important to know what to look for when buying an apartment in a new building or on the secondary market. Each option has its pros and cons, which should be carefully studied.

New housing	Apartment on the secondary market
Purchase Benefits	The legal purity of the transaction is guaranteed, as there is no history and former owners	Deal processed promptly
	Housing is new, so there is no need to carry out major repairs, replace communications orperform similar actions	You can choose an apartment in any suitable area of the city, and in most cases there is a well-developed infrastructure
	The cost is considered acceptable, and you can save a lot of money if you choose an apartment in a house under construction	Usually there is a good repair, so you can immediately move into the property
Cons of acquisition	If the acquisition is implemented through the DDU, then you will have to wait a certain time for the object to be completed	High legal risks, since minors may be registered in the object or there may be claims from third parties
	Usually new buildings are located in remote areas of the city, and often there is no well-developed infrastructure at all	Possibility of having debts for utilities or overhaul that new owners will have to pay off
	Available options are sold unfinished, requiring investment and effort to refurbish	Housing quality can be poor, often requiring repairs or replacement of expensive utilities
	The developer can go bankrupt, so there is always a risk of losing their funds	Ability to contact scammers

So each option has both pros and cons. If you figure out what to look for, what you need to know when buying an apartment, then with any option you can become the owner of the bestreal estate.

The nuances of buying a new building

Many people prefer to buy new housing, as it is of better quality and located in new areas. There are no problems with past tenants, and you can also be sure that no third parties will be able to claim this object.

If you plan to buy a new apartment, what should you pay attention to in order to prevent various negative consequences? To do this, the reputation of the developer, the location of the new building, the materials for the construction of the object, the cost of the apartment and the development of infrastructure are being studied.

Choose a builder

Initially, you need to decide on the developer, represented by a construction company involved in the construction of an apartment building. The most appropriate is the purchase of an apartment in a house under construction on the basis of DDU. In order not to make a mistake with the choice of a developer, it is necessary to take into account some factors:

• on the website of the Arbitration Court of a particular city, it is checked whether there are any claims against this company;
• it is advisable to talk with other buyers of apartments sold by this organization to find out about possible problems with housing;
• on special sites on the Internet, a thorough check of companies is offered, on the basis of which you can find out the financial condition of the enterprise;
• it is advisable to go to the construction site several times on your own to check how the work is going;
• you need to visit the developer's website tostudy all the information presented on it, make sure that you have a building permit and find out other facts;
• almost always there are groups on social networks or forums where the construction of a particular house is discussed, and with the help of these sites you can get the maximum information about the structure.

If you know what to look for when buying an apartment in a house under construction, then you can count on the absence of various problems from such an acquisition.

Other significant parameters

Before buying an apartment, you should evaluate some other important points:

• the area where the house is being built, as it should have a developed infrastructure and transport accessibility;
• the floor on which the apartment is located, and usually the most affordable are the premises located on the first or last floor;
• the availability of centralized or autonomous heating, and often developers install heating boilers in each apartment, which allows property owners to independently regulate space heating;
• if a family with children buys housing, then it is necessary to take into account the availability of playgrounds, kindergartens and schools so that there are no difficulties with the development of kids;
• the material for building a house is estimated, with apartments in brick buildings being the most popular, but objects in panel houses are available;
• number of rooms is selected depending on the numberfamily members;
• the layout of the premises is taken into account, which should be convenient for residents.

If you know what to look for when buying an apartment from a developer, you can get really comfortable housing at an affordable price. At the same time, you can be sure that the developer will not declare himself bankrupt or use various fraudulent schemes to deceive equity holders.

Purchasing an object on the secondary market

Many people are interested in apartments offered on the secondary market. Such a purchase has many advantages, so you can choose a property that will be attractive, located in the city center, with high-quality finishes or other important parameters. If you are planning to buy a resale apartment, what should you pay attention to in order to prevent possible loss of funds?

The main disadvantage is that the transaction can be carried out by scammers, so it is important to make sure that it is legal. To do this, you need to carefully check the property itself, the seller and the documents transferred to them.

What facts are checked?

Initially, you should check some factors that will allow you to choose the really best option for a purchase. If you are planning to buy a second-hand apartment, what should you pay attention to? Different points are checked for this:

• it is advisable to talk with the residents of the selected house to find out the situation, as they can say that the residents of neighboring apartmentsconstantly rowdy or flood the selected object;
• it is not recommended to choose apartments located on the first or last floor, as well as corner options are considered the most impractical to buy;
• objects built no earlier than 10 years ago are purchased, as they are still considered new, but at the same time time-tested, so all serious shortcomings are easy to identify.

The disadvantages of buying a home on the secondary market include the high cost of different options.

Which documents to check?

If you plan to buy an apartment, what should you pay attention to in order to ensure the legal purity of such a transaction? It is considered optimal to request a lot of important documents from the seller. These include:

• seller's passport, which will indicate whether he is officially married and whether he has minor children;
• notarized permission of husband or wife for sale;
• title papers for the selected apartment;
• cadastral passport or extract from the USRN for the object;
• documentation on the basis of which the apartment was received, and it can be represented by a sale and purchase agreement, an inheritance certificate or a deed of gift;
• papers from the BTI, in which there is a correct layout of the apartment, and if it is violated, then papers are needed confirming the legalization of redevelopment;
• certificate from a personal account opened for an object, which will allow you to find out about a possiblethe presence of debt for housing and communal services;
• an extract from the house book containing information about all residents registered in the property.

Thus, if you figure out what to look for before buying an apartment, you can choose really high-quality real estate, and the transaction will be legally clean and safe.

What other documents are checked?

• If there is already a completed sale and purchase agreement, then you need to carefully study it to make sure that it contains the necessary information about the object being sold.
• It is desirable that the seller show an extended extract from the house book, which is issued by the Federal Migration Service, since there is even data on past residents of the apartment.
• If housing has been privatized, then you need to make sure that there are no people who were not included in the contract without a properly drafted refusal, as they have the right to property.
• It is necessary to order an extended extract from the USRN, which lists all the co-owners of the object.

If the seller refuses to transfer certain documents and information, then we can say that he has something to hide, so it is advisable to refuse such an acquisition.

Checking the quality of the apartment

When buying a home, what to look for and how to check the apartment to make sure that such an acquisition is really relevant for a particular person? To do this, the quality of housing is checked in various ways:

• ordereddocuments for an object from the BTI, with which you can check for illegal redevelopment;
• when communicating with the seller, it is important to make sure that all his documents are genuine, for which it is advisable to use the website of the migration service, as it can be found out if the number of a particular passport is invalid;
• if an intermediary is involved in the sale, then you need to check if he has a power of attorney certified by a notary;
• you need to make sure that the seller is capable, and you can check this information with neighbors or find out information from the medical certificate requested from the person.

All these facts should be checked, but if the seller insists on a prompt sale, then you need to be careful, as he may hide various significant information.

Legal Advice

Everyone should know when buying an apartment what to look for. Advice from experienced lawyers is standard and essential for property buyers:

• it is desirable to carry out the transaction through real estate agencies that independently carefully check the property;
• the agreement on the basis of which the object is purchased is studied in detail, and especially much attention should be paid to information about the seller and payment methods;
• you don't have to agree to the fact that the contract indicated an underestimated price of the apartment so that the seller could reduce taxes;
• if prepayment is required, it is issuedonly against receipt;
• it is desirable to transfer funds through special banking instruments, so cashless transfers will be optimal.

Only following these tips can guarantee the purity and safety of the transaction.

Conclusion

Thus, buying an apartment is a complex and important process for every person. You should carefully understand all its nuances in order to prevent possible negative consequences.

The seller's documents, as well as the apartment itself, should be checked. It is important to make sure that third parties cannot claim this object, and there must also be confidence in the high quality of housing. Only under such conditions can you count on a worthy purchase.