When is the Right Time to Buy an Apartment?

What is your purpose for buying this apartment? Do you want to live in it or invest? Will the value of the condo increase if you live in an apartment? Is this a smart buy for you? What is the average rent per apartment in the area? Search online and ask your neighbors. How far is the apartment you want to buy from work, school, hospital and public transport? Have you ever lived in this area? What neighborhood is this? Think carefully and do your research. When is the right time to buy a home?" The question is also important.

When is the Right Time to Buy a House and How to Find the Right Time?

Research shows that 40% of home buyers buy online, 33% through real estate agents, 5% through builders, and 1% through print media advertising. Plan how you will find an apartment.

On the other hand, what are the characteristics of the apartment you want to buy? Make a list. Number of rooms, square meters, parking, façades, heating, lighting, number of floors, transportation options, distance to grocery stores… Write down the features that are important to you and make decisions based on this list when you visit. Consider when is the right time to buy a home based on your financial situation.

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Apartment on Credit

How? Are you using a loan to buy a house? If so, do you have the required deposit ready? Is your income guaranteed? Apartments and projects are not going anywhere. Your family's financial situation matters. So, to answer the question "When is the right time to buy a home?" you need to plan your budget.

Fees do not end with the purchase of an apartment. Various expenses are incurred when and after purchasing a condo. For example, renovations planned before moving, monthly rent, yearly earthquake insurance, taxes… Bulleted these expenses and include them in your budget.

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Attention to Detail

Make sure there are no legal issues with the condo you are buying. Check your home's title deeds, building permits, mortgages, or liens to see if the home has property tax obligations. If the apartment you're buying has a tenant in it, look at the lease. Is the square meter of the apartment communicated to you or specified in the deed? When in doubt, measure.

When is the Right Time to Buy a Cheap House?

First-time homebuyers ask themselves: When is the right time to buy a home? Generally speaking, the cheapest months are spring and summer. According to most real estate statistics, summer condos are more popular when school is out, and the combination of weather influences and condo buying season begins.

Although it is generally mentioned by market participants, house purchase transactions in the real estate market mainly occur between March and August.
On the other hand, while there are fewer apartment ads in winter than in summer, you have a better chance of finding the apartment you're looking for in winter because of less competition. In addition, you can determine the heating system of the apartment you are visiting, the tightness of the windows or the traffic conditions in the area around the apartment during the winter. The answer to the question "When is the right time to buy a home?" lies in spring and winter.

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20 Things You Must Know Before Buying a Home!

  • Make sure it's not an apartment with legal issues. Make sure the condo has a title deed and that the title doesn't have many partners. Multi-partner certificates can cause problems in the long run.
  • Make sure the building is compliant with earthquake regulations. If necessary, obtain and inspect the report from the building control agency.
  • Find out if a building has a building permit or an occupancy permit. Make sure the home you are buying has no mortgages or liens.
  • It is important that the apartment you buy gets plenty of sunlight. Therefore, check whether the rooms in the apartment have daylight.
  • Make sure the building has its own parking lot. At the same time, in buildings with five floors or more, elevators are always an advantage and can increase the value of the apartment.
  • When buying a house, pay attention to the quality and smoothness of balconies and stair railings.
  • Whether you live alone or make the right real estate investment by renting out an apartment, rent is an important measure for both landlords and tenants. So, be sure to understand subscription fees.
  • Check that the building's exterior walls, roofs and basements are suitable for insulation works. Make sure there is adequate heat, sound and, if necessary, water insulation in the building.
  • If you're buying a second-hand home and there's a tenant in the apartment, be sure to look at the lease agreement.
  • Go to the municipal building department to which the apartment belongs to find an approved architect's project for the building.
  • Having problems with house installation? If the apartment is being used, has there been any recent plumbing or renovations? Don't forget that such problems will cause big problems in the future.
  • Find out if the building's electrical, telephone, and lighting systems are working properly.
  • Make sure the building has fire escapes that comply with applicable codes.
  • Learn about parks, shopping malls, schools, hospitals, and more surrounding the building.
  • Check that the square meters of the apartment are what you have specified or what you have seen advertised.
  • Feel free to measure flat if needed
  • Consider the distance from your apartment to public transportation.
  • Ask if the roof is waterproof and insulated. Especially if you want to buy a penthouse or loft apartment, you should definitely learn about this topic.
  • Check walls, ceilings and floors for cracks, spills and mold.
  • Check the energy performance certificate of the building you will be occupying.
  • Be sure to ask if the home you're considering buying has property tax liabilities from previous years.

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When is the Right Time to Buy a Home in a Summer Town?

At the end of the peak season, when demand subsides and holidaymakers return to the big cities, this shows an answer to the question "When is the right time to buy a home in a summer city?"

Let property superiors find your dream home! You may not have to look very far if you want. Property Superior can do that for you! If you have any questions, including when is the right time to buy a home, we are just a phone call away.

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