Before buying a cheap apartment in Ho Chi Minh City, the buyer should thoroughly study the project information, investor information as well as financial planning in detail.
Identify financing as soon as possible
For low cost apartments in the form of a mortgage loan, you first need to consider your current financial situation and then choose a suitable apartment. money. In addition, when you invest in a low-cost mortgage, you need to know the amount of interest and principal you pay each month after you purchase an apartment. As advised by some financial experts, when borrowing money to buy an apartment, you should not borrow more than 50% of the value of the apartment, this will help you balance your own expenses, avoid fall into the “trap” credit. In case you borrow more than 50% of the value of the apartment, you must ensure your monthly income is stable and long, so you are not under pressure to pay interest.
Understand the project information to buy
Once you have determined your finances and your income, then you should carefully study the information of the apartment project that you plan to buy. More specifically, you need to know the location, quality and design of the project. The location of the project is very important information that you absolutely must know. Ask yourself these questions before deciding on the next steps: “Where is the project located, near the city center?” and “how dense the building is.”
Also, do not be cheap because you have to accept to buy an apartment away from the city tens of kilometers, this can cause much more costs incurred, in addition to affect health , time and your work later.
Know the information and capacity of the project investor
After you have learned about personal finance and project information, the next step is to assess the capabilities and reputation of the investor. So how to evaluate?
To assess the capabilities of the project owner, you can find out about projects that this investor has done in the past, in which you need to consult the customers who have purchased. This apartment was previously built by the investor. For new investors to appear on the market, you need to consider and thoroughly understand the information and legal status of that business.
Check the legal status of the project
The next step in the process of buying a cheap apartment is to check the legality of the project you are interested in, including: investment license, construction permit, if more time Check the certificate of fulfillment of financial obligations to the state. Another note you should know is to find out if the apartment has been sold to someone else, or have been pledged or are in the area of compensation, clearance.
Review of the design of the apartment
Most of the low-priced apartments usually have a fairly modest area, ranging from 40 to 80 square meters. Therefore, you need to pay attention to the arrangement of rooms in the apartment. In addition, it is necessary to choose the apartments that are designed to receive wind and light by a low-light apartment will make the space and the censer even more cramped.
Check the house purchase contract carefully
This is the last step in the purchase of cheap apartments, but extremely important. For some apartments have been used, you need to ask directly the households living there about the quality of apartments, prices and cost of living apartments. For projects that are still in the construction stage, you need to make an appendix with the contract of the investor, which requires the owner to commit to quality, ensure the completion time and the delivery time of the apartment.
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