Here are some sample tips
to consider before buying property for investment.
- Location
Consider
the location. Choose to live in a place that is near to your work, children’s
school and to other conveniences that need in your daily life.
- Check thoroughly the Developer’s Track Record
Make
sure that when you are buying your property it should have a proven track
record in delivering on time and at the promised quality. Therefore, choosing
the right developer is vital in making an assurance that their investment is
not wasted.
- Know the other cost
Therefore,
before buying that property, you should ask the developer about other costs
that engaged and find out if these will add more to your expenses.
- Ensure your security
- First and foremost security should be on your mind. Remember you are buying a home for you and your family. Survey the area in and around the property and also find out if the place is safe and conducive to secure the life of your family.
Buying
from Individual:
- Make sure the Transfer Certificate of Title is authentic.
- Verify that the title is clean- meaning the property is not mortgaged.
- Confirm that the yearly real estate taxes are paid.
- Make sure the seller is the real owner
- Make sure the land you want to buy is really the land that described on the title that you are buying.
Hopefully
these tips will serve you as guide for investing property.