Buying a condominium is not like buying a toy or buying a dress. It is a lot more than that. Therefore, you must clear all your doubts before entering into any such transaction or initiating the process. But often, we do not know what questions to put forward regarding this topic as we may not even know how to go about it. We don’t know the procedures involved, or what things we should be checking on before buying one. This ignorance from our part may lead us to be duped in the process. Here, we present to you a few questions which are a must ask before buying a condo:
- What Facilities Will Be Available To Me? What Are The Monthly Maintenance Charges For The Facilities?
Just like when you buy a phone, you ask the salesperson about the features and specifications of the phone; similarly, in the case of buying a condo, do ask about all its facilities and features like parc central ec. You deserve to know about it as you are paying for it.
You should also ask the maintenance and other charges involved in using these facilities.
- What Material Is Used For The Construction Of The Building? Whether The Building Is Vulnerable To Natural Calamities Like An Earthquake?
It is very, very essential that you have all the ideas about the materials used in building the condo. First, because you are paying for it, and you should know that you are paying the right amount for the right material. Secondly, you would not want the condo to fall off during any natural calamity like an earthquake, or you would not like it to get decayed within a month after you move in.
- Can The Payment Be Made In Installments?
Even though you may be able to afford the whole amount at once, but there is nothing wrong in asking about the installment schedule, if there is any. Installments will always make your transactions easier and less strenuous.
- Is Any Litigation Pending On The Property Before Any Court?
This should also be one of your primary queries. You should know that the property should be free from all liabilities like mortgage, surety, and any other third party encumbrances.