


THINGS YOU SHOULD CONSIDER WHEN YOU BUY A RESIDENTIAL PROJECT
Selecting the appropriate residential project to purchase is a big decision. It needs a lot of information and consideration. You can refer to the basic check-list that below as a guideline to review your options.
LOCATION
Is it convenient to commute from the location of your interested project to your company or your children's school? Are the roads in this area safe, and easy to navigate, and will be developed more in the future? Besides, you should go to see the project at rush time to know whether the traffic of this route is heavy or not. Is it flooded when it rains? Is it near the industrial areas or landfills?
GENERAL DESIGN OF THE BUILDING
You should pay attention to the garbage collection of the building. In many projects, the garbage area is right next to the elevator, therefore when the residents wait for the elevator in the basement, they have to suffer the bad smell. The garbage cans of each floor can be installed too close to the main door of some units, causing obnoxious living experience.
In addition, you should also consider the facilities of the project such as the parks, swimming pools, gyms, supermarkets to ensure that your future life will be comfortable and convenient.
GARAGE
It is necessary to consider carefully whether the project’s parking area is commensurate with the size and number of the amount of residential units. The contract needs to specify the number of vehicles granted for each apartment. It’s necessary to check this matter because after you move in, if the number of cars increases, causing a demand for parking space, the residents cannot deal or negotiate with the project developer.
DELIVERY TIME OF THE PROJECT
The project purchasing contract often states clearly the customers' obligations and payment schedule. However, many developers do not specify the project’s hand-over deadline. Many contracts only generally write "estimated construction time", "total construction time".
In some cases, the developers can borrow the client's advance payments to invest in other businesses, thus making the project’s finish timing dragged. In order to avoid this situation, you need to clarify in the contract the deadline of handing over the condominium. If this deadline is ambiguous, you should search and consider other projects from other developers.
JURIDICAL
It is important to know that the project you want to purchase has been issued with a pink book, or how the legal issues in the contract have been prescribed. Ideally, you should check with a lawyer for clarification and advices to understand your rights.
THE CREDENTIAL OF THE DEVELOPER
Purchasing a project from a reputable developer will help you a lot when you move in your condominium. You can find out information about previous projects of the same developer to see if any incidents have occurred. In addition, you can join the Facebook groups of previous projects’ communities to check other issues such as pets’ breeding, waste management, expenses such as management fees, maintenance fees, and the working style of project’s management team.

