Safety First! Check These Before Buying A Property

Wisdom
1 Min Read

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.

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