23.3.2023
Buying a new house is undoubtedly one of the most important decisions we can make in life. When we make such an important decision and want to own a house, one of the most important questions to be answered is "What should we pay attention to when buying a house?" is coming. We will try to answer this question to protect you from future risks in your real estate investments.
What should be considered when purchasing a house?
As real estate appraisers, we will touch on the importance of paying attention to two main issues when buying a house: The value of the house and the correct analysis of the legal status of the real estate. The legal status analysis of the immovable can be determined by the appraisal report.
One of the most used methods when determining the value of a home is the Market Approach (comparison of sales approach). In this approach, many criteria such as age, location, area, flat type, solid, and physical condition are taken into account in determining the value by searching for similar (similar) properties to the subject property.
How can I find out if there is a problem with the deed?
Institutional research is also carried out on the legal status analysis of the property for appraisal. The Land Registry Directorate and the Municipalities are at the forefront of the legal regulatory institutions in our country regarding real estate. In line with the approval and consent of the owner, the legal processes, including whether there is a record that prevents the sale of the house and, if any, restrictions on its use, can be examined with the examination to be made in the land registry records. In addition, the accuracy of the location of the residence is determined by comparing it with the project in the land registry office.
What should be considered in the municipality when buying a house?
In municipal research, we can touch on two main issues. The first is the zoning situation. When renovating your property in the future and urban transformation, the zoning status of the parcel where the property is located in one of the critical issues.
The second is the examination to be made in the zoning archive file of the house. In line with the owner's approval and consent, issues such as whether a building permit and occupancy certificate of the residence (occupation permit for buildings completed by the legislation) have been obtained in the zoning archive file, or whether a negative document related to the residence (building holiday memorandum, council decision, etc.) has been prepared.
As experts, we include these two basic issues in real estate valuation reports that we need to pay attention to when buying a house.
You can contact us about this article, in which we try to cover the basic information, and for more questions.
