Buying an Apartment

Tips for buying a new apartment and the advantages of examining it

Buying a new apartment is not an easy matter. It is not limited to its interior design only, but you should not let its amazing division and dazzling furnishing affect your decision, but rather take into account some basic criteria that must be taken into account, such as the location, the suitability of its price to your budget, and the condition of this apartment in terms of maintenance costs.

It is better to be precise, and it only requires some study and care, and conducting an examination of the apartment. This examination may be the turning point between getting the home of a lifetime or falling into the nightmare of costly repairs.

In our article, we will talk about the following:

What are the tips that should be followed when buying a new apartment?
Why should I make sure that the new house is safe?
The role of our company BUILDING RANK when buying an apartment.

First: What are the tips to follow when buying a new apartment?

You may think that it is easy, but the most important thing you should think about is whether this apartment suits you and your needs, as well as the years you will live in it and whether it is suitable for the present and the future? Do you want to live in the city or near it? Try to answer these questions so that you can make an informed decision. Here are the most important tips:

1.Choosing the location of the house:

The most important step is to choose the location of the house that suits your aspirations and needs, and that it is close to the vital locations that you visit on a daily basis, such as your work, educational institutions such as schools, universities, shopping centers, and entertainment venues. Or if you want to buy a house away from the noise of the city and enjoy the tranquility.

2.Knowing the market value of the property:

When you want to buy an apartment, it is necessary to know its real value in light of the market conditions in this area so that you are not exposed to paying a large amount when it was possible to buy it for a smaller amount. Accordingly, the seller and buyer agree on the price of the property, taking into account the characteristics of the property and its location.

Note that this value is not fixed and can change based on various factors such as economic conditions, developments that may occur in the neighborhood, and the amount of demand for real estate in this area.

3. Choosing a house that suits your budget:

Try to choose a house whose price is compatible with the amount allocated for this purpose, and not burden yourself with costs that are difficult to pay, and at the same time meet as much as possible of your requirements.

4. Make sure of the area, size and divisions of the house:

Seek the help of experts to make sure that the area of the house is compatible with what is on the papers, and whether it is suitable for the number of family members in terms of the number of rooms, and keep in mind that your family may increase in number so that you do not have to replace it with a larger house in the future.

Check its internal distribution in terms of design and interior decoration, the distribution of rooms and bathrooms and its suitability to your preferences and the preferences of your family, so that you do not have to make costly modifications, so we advise you from the beginning to find a house that is compatible with your desires.

5. Try to know the age of the house:

This step is important if you want to buy an old house, the old design may attract you and you may see that the house is in good condition, but keep in mind that you may spend huge amounts of money on maintenance and repairs.

6. Inspect your house before buying it:

On your search to buy an apartment, do not miss the step of visually inspecting each point of the house, and here I will show you what are the most important of these points:

Check for signs of moisture: Take a look at the walls and pay attention to whether there are signs of moisture, especially near the bathrooms, as their maintenance may cost you large sums of money.
Look at the ceiling: Look at the ceiling and see if there are deviations, inclinations or sagging.
Check the walls: Look at the walls from the inside and outside if there are cracks, and we prefer that an expert inspect them to confirm their severity.
Check the storage: If there is storage in the house, we advise you to open it and look inside if there are signs of moisture or mold, as this may be an indicator of water leakage problems.
Check the bathrooms and bedrooms: Take a close look at the bathrooms and bedrooms. The presence of signs of moisture is a problem for you and your family members because of its damage to your health.
Check the gutters and drain pipes: Take a quick tour around the house and make sure that the drain pipes are not corroded and have a regular outlet that is open and running regularly, because blockage may cost you large sums of money, and make sure that they are suitable for the amount of rain that usually falls in this area. We advise you to use a real estate inspection company, such as our company BUILDING RANK, to make sure that the property is free of problems in terms of (structural and architectural - electrical - mechanical - surrounding environment), and request a real estate inspection service, and in this way you protect your investment and money.
Calculate the costs of maintaining the house: One of the important things to consider when buying an apartment is your prior knowledge of all existing problems and malfunctions and maintenance costs, and take a close look at the house in terms of moisture, cracks, water leaks and its structural structure.

Second: Advantages of inspecting an apartment before purchasing:

When you intend to buy an apartment, we advise you to hire a company to inspect the house, which is a reasonable cost compared to what it might cost if you did not inspect it. After the inspection, you will get many advantages and benefits, all of which are in your best interest. The most important of these advantages are:

Preserving your money instead of wasting it on a house that may need expensive maintenance work that you can do without.
You will have a real vision of the condition of the apartment, which prompts you to make an informed decision about buying or looking for another apartment.
You will add maintenance costs to the purchase price, and estimate whether your budget allows it or not.
You will learn about the required maintenance work and its costs, and in agreement with the seller, it can be deducted from the value of the apartment.
You will be fully aware of all the repairs required before moving the furniture into it and completing it, because some maintenance work while the apartment is inhabited is very annoying for you and your family members living with you.

Consider that if the owner of the apartment refuses to inspect it, this may indicate hidden defects and he does not want you to know about them so as not to reduce its price.

Third: The role of our company BUILDING RANK:

When you decide to buy a new apartment, your visual inspection of this apartment is not enough, because there are many things that may be hidden from you, and you may think that they are unimportant and their maintenance is simple, while they may cost you huge amounts.

So request a property inspection service from our company BUILDING RANK and we will set an appointment for you, and then our team of engineers will go to the house and inspect more than 700 points in the apartment using more than 40 devices, and they will provide you with a detailed report that includes all the faults and from all aspects (structural and architectural - electrical - mechanical - surrounding environment), and at the end of the inspection we will provide you with a report via email or in paper form that includes the results of the inspection, and we will provide you with the necessary recommendations for maintenance.

Conclusion:

If you are looking and your goal is to buy an apartment, this process is not as easy as you imagine, but you have to determine the location that serves you and meets your requirements and business, and conduct a complete study of the prices in this area, and the average price per square meter, to ensure that it suits your budget, and that the area of the house and the number of its rooms meet your current and future needs.

Do not neglect the basic and important step, which is inspecting the house, and ensuring that it is free of defects because it can expose you to paying huge amounts, and this step also protects you from the deception of brokers and real estate office owners who only care about completing the deal and collecting their share of the spoils.

Do not be satisfied with the visual inspection because you are usually not an expert, but seek the help of a real estate inspection company such as our company BUILDING RANK, we are the most capable of understanding and extracting all the defects, and putting them in your hands through our comprehensive report. This allows you to make an informed decision about this house, whether to continue with the purchase process, or not to complete the deal and look for another apartment.