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Home buying tips




Buying your dream house is a bit tricky these days, especially now that house and lot were seldom sold on cities. What's hot are condominiums, loft type of houses, or even apartments. But what are the things to consider when buying your home?
  1. Developer - We have to research who are these developers, most of them are private company's but let's consider how many project have been done, before we fully trust these type of developer. Especially if you are buying pre-selling units. You will not know if the project will be finish or not. So be sure to research first.
  2. Broker - Let's consider that having a brokers do get commission on sale of units, so be sure to extract all necessary information and be sure that you understand them before signing a contract.
  3. Payment Terms - there are different type of payment scheme offered by developers. Consider that in buying condominiums, it might require you to pay a couple of years, that means you should have a stable income before diving into buying a new condo unit.
  4. Extra Cost - there are Association fee even if you already own the unit, this is a monthly fee paid by homeowners for the maintenance of the building. Some developers also offers inclusive payment of taxes and registration of the title. Most of them don't. So be sure that it is clear to you before making any decision.
  5. Rules - There are certain rules on what are the limits that you can do to your units, even if you already own them. You must ask a copy of this rules, so that it will be all clear to you, and heads up on your future plans.
These are basic tips on buying homes, you can also read this book as a guide for dummies on Home Buying Kit For Dummies.


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