Buying A House: The Checklist

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Buying a house is a major life event, it may be the most expensive thing you have ever bought in your life, so it is necessary to listen, look and compare as much as possible before buying a house, and collect information from all sides before making a decision. The process of buying a house is complicated and there are many details that have to be paid attention to, so I will make a simple arrangement of the big and small things to pay attention to when buying a house, so that you can use it as a checklist before buying a house.

Buying a house

Buy a house notes Q & A

Decide whether you want to buy a new home, a second home or a pre-sale home?
Whether it is a new home, a second home, or a pre-sale home, it really depends on the budget of the home you are buying. For example, for a used home, you need to consider the plumbing and renovation costs, while for a pre-sale home, you need to consider the builder’s reputation and the limited bargaining power of a new home, etc. Decide first before you start looking for a home to focus your efforts.

How much down payment should I prepare for buying a house? How much should I prepare for the budget?

How much is the down payment for a home? Generally speaking, the ideal mortgage loan is about 80%, but the actual amount of the loan depends on the bank’s appraisal. If you are planning to buy a home, it is recommended that you hold off on adding new credit activity to avoid lowering your credit score.
If you find that the down payment may not be enough after the evaluation, first-time buyers can look into government assistance programs. But don’t forget, in addition to the price of the house itself, there are also brokerage fees, agent fees, registration fees, deed tax, stamp duty, decorating, furniture purchases, and other total costs, so it is recommended that the monthly repayment amount should not exceed 1/3 of your total income in order not to affect your quality of life.

Which area should I buy a house in? What are the living environment and facilities nearby?

Everyone buys a house for different purposes, some for work, some for a family, and some for investment. For different purposes, the environmental conditions to be evaluated when looking at a house are not quite the same. However, no matter how to evaluate, it is important to pay attention to the facilities (gas stations, temples, high voltage towers), the living function and the surrounding environment. For example, how is the lighting of the house? Is the environment prone to flooding? How far is it from hospitals, pharmacies, grocery stores, etc.?

What should I pay attention to when checking the condition of the house?

When looking at a house, you can check whether there are water leaks and wall cancer on the walls, windows and ceilings, whether the floors are level, whether there are cracks on the walls and ceilings, whether the faucets are large or not, and how the electricity meters and cables are.

What should I pay attention to when negotiating and signing a contract?

Whether you are a real estate agent or a builder, you may occasionally encounter a seller who poses as “if you don’t buy, there are many others waiting to grab”. When signing the contract, you should pay attention to the property rights and who is the signatory, and write down the fees, contract appreciation period, exterior decoration and community maintenance, management fees and other costs.