Buying Off The Plan
bookmark this at :: del.icio.us
:: Digg it
|
|
Friday, 23 March 2007 |
When purchasing a unit "off the plan", i.e. before the building has been completed, there are a number of things you need to attend to:
- Obtain as much information as you can from the real estate marketing company about estimated completion date, specific details of included fixtures & fittings in the unit and those in any recreation areas ie gym room, sauna, etc.
- Carefully inspect the display unit
- Carefully examine the floor plan making special note of whether it has suitable living areas, balcony areas and room location. Will your furniture fit appropriately in the style of the unit? Does the layout suit your lifestyle?
- What are the proposed levies? Is it anticipated they will increase by the time the building is completed?
- How much variation in the size of the unit (as shown on the plan compared to the final size) has the vendor nominated in the Contract for Sale? Is this acceptable? E.g. The floor plan may show a total unit area of 110 m2 but the final size is only 98 m2.
- Are there any proposed restrictions on the use of facilities?
NOTE: Detailed advice should be obtained from your solicitor before proceeding with a purchase. |
posted by Blogquest @ 11:00 AM  |
|
|
|
|
| Previous Posts |
|
|
|
|
|
|
| Archives |
|
|
|
| Links |
|
|
|
| Affiliates |
|
|
|
|
