Indonesian Political, Business & Finance News

Safe Ways to Buy a Second-Hand House

| | Source: KOMPAS Translated from Indonesian | Property
Safe Ways to Buy a Second-Hand House
Image: KOMPAS

JAKARTA - Purchasing second-hand or used property has become a popular choice for many people due to its relatively more affordable price and the fact that locations are generally already developed.

However, behind these advantages, there are several risks that need to be anticipated, particularly regarding legalities and the building’s condition.

To avoid potential losses, prospective buyers need to understand several important steps before making a transaction.

The first thing that must be checked is the completeness of the legality documents, especially the house certificate.

Prospective buyers need to ensure whether the certificate is already in the hands of the seller or still at the bank because the house is under credit status.

The physical condition of the house is also equally important. According to Bambang, prospective buyers need to know the type of foundation and the house structure comprehensively.

Even, if possible, request the building structure working drawings from the previous owner.

This is important, especially if the buyer has plans for renovations or adding floors in the future.

“We also need to know the type of foundation up to the building structure,” he said.

Bambang suggests that prospective buyers should also pay attention to the house’s environmental condition. Besides comfort and security, it is also important to find out the seller’s background.

“With the environment, if possible, also try to find out the seller’s condition whether there are things we need to know,” Bambang stated.

Findings of damage from the survey can serve as a basis for negotiating the price or asking the seller to make repairs first.

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