In the race to lower the real estate loan price of banks, many people’s opportunities to buy houses are expanded. But there are many issues of concern that customers need to consider carefully before signing a contract, so as not to fall into a situation that has already happened.
In fact, at banks, most of the preferential interest rates for home loans are only applied in the first 3 – 6 months, depending on the bank. After that, banks will apply high or floating interest rates in the direction that they will adjust the interest rate once every few months according to the deposit rate plus a certain difference.
Low interest rates, multi-year repayment, banks have hit the needs of homebuyers. However, there are many banks that have very strict lending conditions. The most difficult thing is that in many projects, customers are not able to mortgage the apartment they buy.
In addition to the interest rate issue, many banks are currently applying a fee to customers who need to repay their loans early. The fee is usually 1% – 5% of the prepayment amount. Therefore, borrowers need to pay attention to this factor to determine the fee to pay to the bank. Suppose, with a loan term of 5 years, if the borrower repays the loan early in the first or second year, what fee will the bank collect?…
In addition, the biggest risk that homebuyers receiving huge incentives may face is that the project is in progress, the investor mobilizes capital and then does not continue to deploy it. At that time, the buyer suffered the most because the money was paid, the house was nowhere to be seen, and it was very difficult to withdraw capital. Meanwhile, the monthly interest rate on bank loans to pay in, people still have to pay in full. In fact, up to 90% of projects are behind schedule, and there are even many projects that do not deploy after raising money from buyers.
The independence and separateness of ownership are perfectly connected in a common space of the building, the utility works included in the product structure of the apartment building have created the distinct values of the apartment building. Therefore, apartment housing is increasingly closely linked to the life of urban communities and has become a popular demand for consumers.
LOCATION LOCATION LOCATION
Location The project is always the most important condition for consumers to decide to choose their destination because the factors need to be considered as follows:
1- About the distance
The distance from the project site to the urban center is chosen by consumers to live. This distance is determined by the travel time by motorbike or car. Normally, projects have The distance to the center from less than 10-15 minutes has a stronger attraction than other projects. However, the distance factor is not a decisive factor, because there are projects far from the center, but with many outstanding utilities and reasonable prices, which can still be the choice of buyers.
2- About geography and feng shui
Favorable geographical factors with good feng shui will increase the value of the project. People often choose high lands to build houses, places with “pre-primitive, post-son” terrain or near rivers or lakes are ideal places to settle down. In the current conditions, urban development must follow the planning, so the exploitation of natural factors is very limited. Therefore, to choose locations with good terrain and feng shui becomes rarer, if available, it will be a blessing for consumers.
3- About the environmental landscape
When your apartment is far from the center, you can fix it yourself by using motorized vehicles or by arranging a reasonable time. But when you live in a place with a poor environment such as: polluted by noise, garbage, too densely populated and the overload of the technical infrastructure system, you will not be able to improve yourself. get these factors.
People choose places with good environmental landscape from factors available in nature and from investment results of projects. Consumers can easily know whether the place they choose is beautiful or not, the living environment here is good or not. It is a factor that brings long-term value that should be considered by consumers.
4- About the relationship with the surrounding
A housing project has advantages when it has an interactive relationship with the surrounding. The works around the housing project such as: cultural, sports, commercial, schools, parks, restaurants… have the effect of creating value for the residential area. Therefore, when choosing an apartment, consumers need to consider around this housing area, the more buildings that have an interactive relationship with the housing area, the more advantages and value it will have.
5- Regarding the technical system of external
infrastructure Technical infrastructure outside the project should pay attention to: roads, water supply and drainage works and electricity system. The technical infrastructure works outside the project have been synchronously invested, are being used well and have many favorable factors that will be the number 1 priority when choosing an apartment.
UTILITIES OF THE APARTMENT
The difference between the apartment complex and other types of housing is that there are public facilities in the housing area. Today, the utility needs of condominiums are particularly interested by consumers, the utility level of the apartment complex affirms the quality and class standards of that apartment complex. Each housing development project is invested with different utilities and the utility level in the housing areas is also different due to limitations on total investment, project size and consumption cost. The utility value of an apartment building is shown through the following factors:
1- Technical infrastructure system
In an apartment complex, the technical infrastructure system including: roads, sidewalks, gardens, water supply and drainage, electricity and lighting … must be invested synchronously and completely. This is the minimum requirement for a residential area, the quality and scale of these works are the conditions for consumers to choose.
Depending on the type of apartment building (low-income apartments, commercial apartments, high-class apartments) there are different garage sizes and parking service modes. The investor’s regulations on parking standards and parking fees must be announced before signing the Apartment Sale Contract.
3- Safety and security system
When buying an apartment, buyers need to ask the investor to clearly announce the system of fire and explosion prevention equipment, alarm points when there is an unsafe incident. In addition to fire-explosion prevention equipment and backup generators, depending on the investment level of the apartment buildings, the safety system is also equipped with a security observation system, an access control system. apartment.
4- Public utility works
An apartment building, if there are no public utilities, is not considered to be ranked in the apartment product line. High-class apartment buildings are often invested in many utility projects such as community houses, sports halls, swimming pools, children’s playgrounds, parks and utility works to serve daily needs. other culture and sport. For ordinary commercial apartment buildings, the number of utility works is less. Low-income apartments can only have basic utilities. Particularly for mini apartments, it is almost difficult to invest in utility projects due to space limitations and investment levels.
However, in the market, there are apartment complexes for low-income people with many public utilities, but the average selling price is only 8.5 million VND/m2 like the Bac Son apartment complex of JSC Joint Stock Company. Hai Phong Construction and Investment Development in Kien An District – City. Hai Phong and Dang Xa – Hanoi apartment complex of Viglacera Infrastructure Development Investment Company with the average selling price of 10 million VND/m2. These are typical projects, which can be used as a model for consumers to choose when there is a need to buy a low-income house.
5- Service works
In large apartment buildings, service facilities are often organized to serve the daily life needs of the residential community. These services are usually available such as: food service, shopping, entertainment. and other business services. Activities of services create more convenience for apartment users.
The first factor that people consider when choosing to buy an apartment is usually the price. There are many different prices on the market, usually the average unit price is from 10 to 20 million VND/m2, the apartments cost over 20 million VND/m2 belong to the high-end product line. The price of the apartment product is not only constituted by how much the unit price is per square meter and the large area of the apartment, but also must be considered the utility factors of this apartment such as:
1 – Does the space structure of the apartment have how many bedrooms, bathrooms, windows and balconies?
2- Is the technical system in the apartment adequate and reasonable? What equipment is used in the apartment? Are the waiting points for connecting other devices adequate?
3- Utilities outside the apartment such as wide or narrow corridor? Are stairs and elevators convenient for users? Does the apartment have its own mailbox?
The quality and reasonableness of these factors are the comparative conditions for buyers to choose their apartments. In addition to the above factors, when choosing an apartment, consumers often have the need to choose the direction of the apartment according to feng shui. Due to the characteristics of a multi-owned apartment building, the view of the direction of the house is limited to the scope of independent ownership, that is, within the apartment itself. At that time, the direction of the house is determined to be the direction of the door of the apartment, not the direction of the balcony or the open surface of this apartment, and not the direction of the gate of the whole building.
CONTRACT FOR THE BUYING AND SELL OF APARTMENTS
In fact, the content of the apartment purchase and sale contract is established by the seller, the provisions of the contract, although ensuring compliance with the law, are usually for the purpose of protecting the interests of the seller. To avoid risks, buyers need to carefully review the content of the contract or seek legal advice before signing the contract. Due to the specific nature of apartment products, the goods traded here are not only apartments, but also other products and services attached. Consumers need to pay attention to some basic contents in their apartment sale and purchase contract as follows:
1- Legal grounds
In the first part of the Sale and Purchase Contract, the legal bases for the two parties to sign are usually stated. In principle, these bases are legal documents that have been published and are still in force. The grounds are stated in the contract but have not been publicly announced, the buyer has the right to request the seller to provide full information about these documents
2- Price and payment conditions
For projects that have been completely built, the price determination and payment conditions are very convenient, because the finished product, the buyer can easily recognize the value of the product to decide. Particularly for projects under construction, the purchase and sale contract needs to have a commitment clause on the quality of construction work and an appendix to the contract describing the level of completion of the apartment. At the same time, the regulations on the time of payment must be attached to the progress and results of the construction of the works.
3- About rights and obligations
The purchase and sale contract must contain specific provisions on the rights and obligations of the buyer and the seller. In particular, special attention is paid to the provisions on the rights and obligations of the buyer, considering this as a condition for the buyer to decide his choice. For an apartment, in addition to the ownership rights prescribed by law, the contents related to the rights and obligations of the apartment owner need to be clearly defined in the contract, including the following rights: parking space and fees payable; to use public utilities in the apartment complex and to pay fees; to choose service providers of telephone, television and internet; are required to provide warranty and maintenance work; are entitled to change, repair and complete the apartment by themselves and have other rights (if any).
Five is: MANAGEMENT FEES
Management fee is an expense for the management and operation of the apartment building. Currently, in the condominium market, there are many different management fees depending on the size, nature and characteristics of each type of apartment, each type of apartment. Meanwhile, the management fee has a close relationship with the selling price of the apartment and the regulations on the management and use of these apartment buildings. Therefore, before deciding to buy an apartment, buyers should pay attention to the following contents:
1- Regulations on management and use of the apartment complex
The Regulations on the management and use of the apartment complex shall be established by the investor in accordance with the general regulations of the State and according to the management requirements of each type of apartment. The content of this regulation is directly related to the rights and obligations of the buyer. Therefore, the buyer needs to ask the seller to provide a written Regulation on the management and use of the apartment complex before signing the contract to have full information and as a basis for deciding on the purchase of the apartment.
2- Management fee
Normally, the management fee is proportional to the selling price of the apartment, with high-end apartments often having a much higher management fee than affordable apartments for the same area. Therefore, low-priced apartments with high management fees should be carefully considered for the reasonableness of this fee. Consumers need to know in advance the management fee when buying an apartment, otherwise they will fall into a situation where they can buy a cheap house, but they will find it expensive when they move in. For the seller, it is also necessary to announce the management fee when offering the apartment, thus ensuring transparency in the purchase and sale transaction.
3- Management unit
Usually, the management unit of apartment buildings is the Management Board. The quality of management of the Management Board is a factor that is directly related to the management fee that the buyer has to pay. Therefore, when buying and using an apartment, consumers cannot ignore the assessment of the level, capacity and reputation of the management unit. Choosing a professional management unit is the first basic factor to ensure management quality. For a professional management unit, there must be a full organizational structure of the management apparatus and this unit must publicly disclose information about its own unit.
The quality value of an apartment complex is associated with the management quality value of the management unit and it is also one of the important criteria for consumers to decide to buy an apartment.uis porta laoreet.