By Correspondent
With many people getting cheated through property deals investment site Property has released a list of things to check for when buying.
This will protect a buyer from inheriting hidden debts or fines by authorities.
Confirming Municipal Compliance
Rates and Taxes
Ensure that the body corporate is up-to-date with all municipal payments, including property taxes, water, and sanitation charges.
Municipal Accounts
Check for any outstanding municipal accounts that could lead to additional costs or restrictions on the property.
Bylaw Compliance
Verify that the body corporate is compliant with all relevant municipal bylaws and regulations.
Certifications
Confirm that the body corporate has the necessary certifications, such as electrical and plumbing compliance certificates.
Municipal Issues
Identify any potential municipal-related issues, such as zoning changes or planned developments that could affect the property’s value.
