When buying luxury Toronto homes for saleit is very important to check the year of construction, such as apartment buildings, see the facility construction and operating permit, carry out a condominium, verify that the subject is part of the cadastral plan…
Although many things have changed in the past few years and the situation is cleared up, it is important to check who the investor and builder of the new building is, if the building was built on a bank loan, if the land on which is built is on the mortgage…
When you select a property there are things that must be verified about the solvency investors. Considering that hundreds of construction companies are in serious financial difficulties and bankruptcy, it is better to do it in order to avoid trouble. Some of these data can be verified through official institutions, and sometimes even with a simple check with former customers.
Change the locks
Arrange the exact dates of submitting the payment for the house and insist on the agreed time. You should agree not to have the former customer in the house or come back for the rest of the stuff later, as it may cause unpleasant situations. Once you move in change the locks of each door of the house including the garage. It is a good security measure, because you never know who else lived there before you and who else has the keys. If there is an alarm system or video surveillance code, change them. If you can not do it immediately move into your apartment or house, alerting it to the representatives. In fact, in the days when changing owners, it often leads to burglary or unwanted situations.
Paid bills
When buying an apartment it is important to check whether they are paid all the bills or not. And this applies to all properties – even for flats in which no one has ever lived before. For example, if the apartment is connected to the district heating plant, the bills will arrive regularly because the space is heated.
It is good practice before signing a contract to write down the situation of existing gas pipelines, electricity and water meters, where possible. Find out the amount of the monthly overheads to avoid surprises after the first months of using the new property. Just have evidence of payment of the rent from a year ago. This can certainly avoid possible problems and misunderstandings.
Property condition
To avoid buying something that isn’t as good as it looks, check the condition of the property. It’s not hard, and with only one simple step you can see if everything is ready for you. This is usually something that everyone should do when buying a new home, but some of the customers do not insist on such checking because they prefer to decorate the place by their own.
Problems usually occur in properties that seem relatively good. If you are afraid that you might fall into this trap, hire a real professional that will guide you through the process.
