Buying a property is a huge step in anyone's life and involves a large amount of money, and when such is the case, you cannot possibly afford to let it go to waste. Here are Jeff Adams Scam prevention tips for buying property.
Exceeding your resources
Exceeding your resources
You set a plan and start looking for houses and each house looks better than the last and you tend to think even those houses that don't fit your financial plan. The more you see, the more you feel tempted to spend on your dream house. But you should recognize that this is a slick slope and you may end up spending more than twice your initial budget without even realizing.
Trust Quoted Prices
When you drive by a huge billboard quoting a striking price for a property, you might sometimes end up believing it. But the reality behind these billboards and advertisements is very unusual. These quotations usually don't contain costs like the ones involved for car parking, stamp duty, and registration.
Believing Quoted Areas
Often, developers tend to extract inaccurate floor areas or square-foot areas of the properties they're promoting. They typically include the space of the elevator outside the real apartment building, and the space taken up by staircases and passages. The calculation of these spaces makes the quoted area sound elevated than it actually is.
Buying an prohibited Property
If you are planning to buy an apartment in an apartment building that is under manufacture, you should inquire the developer to show you the project's beginning certificate. This certificate shows that the manufacture of the building is legal.
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