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Things to keep in mind when buying an apartment for the first time

Things to keep in mind when buying an apartment for the first time

Buying an apartment is the choice of many people, however, first-time home buyers still lack experience. Understanding this, AHS will share notes when buying an apartment to help you get a satisfactory apartment, ensuring all quality criteria, is your place to settle down.

Consider the surrounding infrastructure

The new apartment is where your family will live for a long time. Therefore, you should pay attention to the infrastructure around the area you intend to choose. "Electricity, roads, schools and stations" are important factors. Convenient road infrastructure, traffic jams do not occur often, no flooding, convenient access to work, close to schools, hospitals, supermarkets, markets. These are the infrastructure factors around the living area that you should consider when choosing where you intend to live.

Carefully study the legality of the apartment project

This is also a very important factor that you need to find out in detail when buying an apartment. If you are building, you need to find out the history of the land to see if it is mortgaged or in dispute. It is best to ask the investor to provide documents that have released the mortgage on the apartment you intend to buy. You also need to learn and carefully review the sales contract, the payment terms in the contract must be easy to understand. Full transaction information of both parties, fees and agreements on the rights of both parties.

Check the price carefully when buying an apartment

To avoid the situation where the seller quotes an exorbitant price, you should check the price of the area you are buying from on the internet. The general price of apartments is usually published on real estate websites or newspapers. If the price is too high, you can negotiate a lower price and consider the support policies that the investor offers to customers. Normally, apartments often have the form of installment payments for customers who cannot afford it.

Construction density, number of elevators

If you want to live in a cool, quiet and noise-free environment, an apartment with low construction density is very important. This shows the density of residents and the privacy of residents in each building. If you do not want to wait long, you should choose an apartment with low construction density, and enough elevators to serve each tower.

Determine the appropriate apartment area/location

Before choosing to buy an apartment, you should ask yourself this question: "Is the location of that apartment building really convenient for your living, traveling and working?". This issue sometimes depends on the financial potential of each individual. According to AHS's analysis, the apartment segment under 1 billion is currently located quite far from the city center. However, finding an apartment in a relatively "soft" location is not too difficult. Buyers need to balance the 3 factors of location, demand and budget to be able to choose a suitable apartment. At the same time, they need to search well enough to not miss suitable projects.

Consider financial issues

Financial considerations are one of the important factors when “putting down money” to buy an apartment. Many people fall into a situation where they break their budget. For example, when you see an apartment that you like but exceeds your initial financial budget, some people choose to borrow from banks, friends, and relatives with a higher loan amount than expected. This causes a lot of trouble, especially when there is an unfortunate incident and you cannot pay. Therefore, you should choose real estate that is suitable for your family's financial situation, so that the accumulated amount of money you have is equivalent to 50-70% of the value of that real estate so that if you have to borrow, the financial pressure will be greatly reduced.

Hopefully with the above experiences in buying apartments, customers will have some more useful information when choosing to buy an apartment, helping to own a dream future home within reach. For more detailed information about the experience in buying apartments, please contact AHS for more details:

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