Buying a house is, without a doubt, one of the most important decisions of our life and, therefore, any error can be paid very dearly. Luckily, walking on insurance is not that difficult. To begin with, it is essential that you choose the area where you want to live (remember that it is very important to be happy!) And the type of property you want to acquire.

Contact Conveyancing in Melbourne so you can receive top assistance in your house purchase today.

Have you already found the house of your dreams? Then it’s time to make sure everything is in order from the legal point of view and that the paperwork is done correctly, which will save future headaches. We have prepared this checklist so you can easily verify all these aspects:

– Check the identity and compliance with the commercial obligations of the developer: if it is a company, you can check this information in the Commercial Registry.

– Confirm that you have the right to build on the site.

– Make sure that you receive a detailed report of the qualities of both the home and the common areas.

– You must also receive the plans, both those of the building and those of the house.

– Review the contract with the help of a professional who helps you identify abusive clauses.

– Check that the consequences of the delay in delivery are established in the same contract.

– Keep the advertising material on the promotion, in case you have it: the promoter is obliged to fulfil its content.

– Requires an endorsement for the amounts paid on account: otherwise, you will run the risk of not recovering them if the promotion is not completed.

– Before entering, it is necessary that you have in your possession the final certificate of work, the habitability cell, the first occupation license and the obligatory insurance.

– Immediately after the delivery of the keys, make all the necessary checks to ensure that all aspects of your new home correspond to the agreement.

In the event that you are going to acquire a used or renovated house:

– Make sure that the seller is, really, the owner of the house.

– Check if the home is free of charges such as mortgages or liens.

– Make sure also that the house is not rented.

– Check thoroughly the condition of the house and the building.

– Check in your town hall that the property is up to date with taxes.

– Make sure that the house has a habitability cell, updated and in force.

– Check that the owner is also up to date with community payments and supplies.

– In case you have doubts, also consult the urban qualification of the land.

By fulfilling all these points, you will ensure that the purchase and sale of the property is done correctly from the legal point of view and, in case of conflict, you will have all the necessary documentation to make any claim.

What to keep in mind when buying lands

What are the important points to take into account when choosing a site. Why it is important to analyse each of these items.

There are several important points to keep in mind when buying a piece of land. First you must know what the destination will be, since there are lots in private neighbourhoods, country, open neighbourhoods, lots, lots for construction, and in each case there are points that will prevail over others. However, in all cases there are similarities, where the most important is, without doubt, the location. Being close to access routes, means of transport, shopping centres, schools and clubs make the difference when choosing.

Another very important point when choosing a land correctly is to know if it has basic services such as electricity, gas and drinking water.

As for what can be built in a lot, it is important to know the technical constructive points; the total covered surface that can be built on the land, which is regulated by the FOT (total occupation factor) and the percentage of the surface of the land that can be occupied, which is delimited by the FOS (soil occupation factor). This point is very important because the rules and regulations of each closed neighbourhood or each country – when they are not regulated at the municipal level – determine the amount of square meters that can be built and which ones should be left unbuilt. In some countries, for example, you have to leave several meters on the sides of the properties, while in others you have to leave a free space if the land looks out on a lake or lagoon. It is key to know these conditions before buying the land.

The purchase of a piece of land should not be done from one day to the next. It is a decision that must be taken calmly and many variables must be taken into account. In addition to those listed, the economic one is very important. And not only have to consider the value at which the land will be purchased, but also what is the monthly expense that it will generate. In general terms, it would be necessary to quantify three values or four if it is within a closed or country neighbourhood. The first one to take into account is the property tax of the province where the land is located. The second is that of the municipality. The third one – for this it is advisable to have the advice of an accountant – is the increase that the owner will have in his Personal Assets, which will result in the probable payment (annual or monthly) of the Personal Property Tax. The fourth value that must be considered is the expense, which is undoubtedly the one that could make the biggest difference when choosing a site. It is not the same to buy a piece of land in a closed neighborhood of a few houses, without common spaces than to do it in a country that has tennis courts, soccer, polo. Some even have a supermarket inside.

On the legal side, before specifying the purchase of the land, the legal status of the land must be corroborated, for which it is necessary to request before the Real Property Registry of the corresponding jurisdiction, a domain report to verify the ownership ( who are the owners) and if the property has domain registration, or weighs on some lien (attachment) and / or real right (mortgage, usufruct, etc).

Here at Conveyancing in Melbourne you will find the cheapest conveyancing in Melbourne to ensure success of your transfers.