Checking the property before buying

How to check the property before buying

Before purchasing real estate, it is very important to conduct a full technical and legal due diligence to avoid possible problems and troubles in the future.

A thorough analysis will help you make sure that the property meets all the necessary requirements and has no hidden flaws or legal issues.

Legal due diligence of real estate

The following aspects should be investigated during the due diligence process:

1. Prohibitions and encumbrances, seizures of property:
   Check the registries to see if the property is subject to any arrests, prohibitions or other encumbrances. This can be done through a request to the State Register of Real Property Rights.
2. The legality of the seller’s property rights:
   Analyze the documents confirming the seller’s ownership of the property. Check whether all the transactions on the basis of which the seller received the property were legally concluded.
3. The presence of litigation over the property:
   Investigate whether there are any ongoing legal disputes over the property. This can be done by requesting the relevant court registers.
4. Checking the legality of construction and sales scheme when buying property on the primary market:
   If you are purchasing a property on the primary market, be sure to check the availability of all necessary building permits, project documentation and other documents confirming the legality of the construction.

Due diligence also allows you to find answers to the following questions:

1. Is it possible to register a place of residence:
   Find out if the law allows you to register your place of residence in the property.
2. Whether planned alterations can be made:
   Check whether planned changes or alterations are allowed and whether they are in compliance with local building codes.
3. Whether the planned facility can be built on the land plot:
   Make sure that the planned construction on the land plot is consistent with the intended use of the land and local building codes.

Technical inspection of real estate

The technical inspection of the property includes the following steps:

1. Checking the condition of the supporting structures:
   Assess the condition of the foundation, walls, floors, and other load-bearing elements of the building. It is important to make sure that they are in good condition and do not require major repairs.
2. Inspection of engineering networks:
   Inspect the condition of electrical wiring, water and sewage systems, heating and ventilation. Make sure that all systems are working properly and do not require immediate repair.
3. Investigation of the absence of violations of the DBN requirements:
   Check whether the facility complies with the state building codes (DBN). This applies to both the technical condition of the building and its operational characteristics.

GlobalBud Ukraine

If you want to perform a professional and comprehensive real estate inspection, contact GlobalBud Ukraine. The company’s specialists will help you conduct both legal and technical due diligence, provide you with the necessary documents and advise you on possible risks.

Thanks to a professional approach, you will be able to be confident in your choice and avoid possible troubles in the future.

Conclusion

Conducting a full technical and legal due diligence before buying real estate is a mandatory step for any buyer. This will help you avoid many risks and ensure the safety of your investment.

Contact professionals, such as GlobalBud Ukraine, to get qualified help and advice.