Things to look out for when purchasing a property

Realekom

Active member
Landed property is one of the most valuable treasure anyone can have, alot of respect is placed on the owner due to the property and it's worth, is the dream of everyone to one day own a landed property and also brek free from tenancy lifestyle.
Alot of people buy land to build and occupy while others purchase and keep it for business purposes, whether buying for building or for business purposes there are things to put into consideration before making the move.
Some of the factors are:-

1. Security of the area
2. Topography of the area, most land are sloppy, is adviced you check before paying.
3. Your budget
4. Area of the land.
5. Accessibility.
 
If you want to buy land property for both building a house and living in or just for a long term investment, first you have to check the land ownership documents that you are going to buy. Whether the land property is not in a legal dispute, you also have to pay attention to whether the land area is in accordance with the land ownership certificate, the location of the land including the cost of the property land, the access road to the land property. Note also the market price in the region or region. future prospects. Next you can pay attention to the safety factor. and make sure the purchase of land must be with a notary or land official.
 
When buying a property, there are several things to consider to ensure that you make an informed and wise decision.

Consider the neighborhood, proximity to schools, public transportation, shopping centers, and other amenities.

Assess the condition of the property, including the age of the building, the state of repair, and any potential issues such as leaks, foundation problems, or pests.

Determine whether the property's size and layout will meet your needs, and whether it has enough space for any future expansion.

Consider the cost of the property and whether it fits within your budget. Additionally, consider additional costs such as property taxes, insurance, and maintenance.

Ensure that the property has all necessary permits and that there are no legal disputes or encumbrances that could affect the title or ownership.

Consider the potential resale value of the property, as you may need to sell it in the future.

It is always advisable to seek the help of a professional real estate agent, lawyer, or home inspector to ensure you have all the information you need to make an informed decision.
 
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