If a skilled bomber decides to play it big and make a quick buck on his investment, strategies are the first thing that comes to mind BRRRR and flipping. In both cases, considerable emphasis is placed on carrying out high-quality and speedy repair work. Therefore, the most important stage is the correct selection of real estate, so that the difference between the size of investments and ARV pleasantly warmed the heart and wallet. In order to minimize your initial costs for the cosmetic repair of square meters, you should carefully examine each of their details. Even when buying one one-room apartment there may be problems with this, and in the case of the whole bundle and in general, it is easy to see even significant flaws that can turn into a penny. Today we will talk about them.
❝Snag is a small but important defect or problem that became apparent only after the purchase of real estate.❞
Previous owners may have deliberately hidden from you the desire for good photos, polite manners and friendliness. However, there are also cases when the problems were so non-obvious that no one guessed about them until a certain moment. Be that as it may, from the moment of signing the contract of sale, all efforts become the headache of the new owner. Sometimes they can also be detected during a preliminary inspection of the object. In this case, the seller at least has a chance to make lowball offer with a fairer price. Another possible scenario of meeting with power is the commissioning of a new building. After the construction is completed, defects such as scratches on the walls, poor-quality painting, faulty locks on doors or window frames may be discovered. Before handing over the project, the developer must fix his failures. If he is reliable and honest, of course. In order not to get a bunch of unpleasant surprises after moving to a new home, carefully check the new building. This applies to both her physical condition and documentation.
When buying an apartment from a developer or simply through the mediation of a real estate agency, follow this algorithm in order to defend your rights and not pay for poorly performed work:
- Visit the facility in person. It is important to do this before the official transfer of keys. We also advise you to enlist the support of an expert, because his trained eye is able to detect the smallest details that you may not pay attention to. Faulty plumbing and cracks in the walls can cause problems.
- Make a detailed list of all the forces. It will be an official confirmation of the presence of errors. In order not to be verbose, confirm each defect with appropriate photos "from the scene".
- Give the list of strengths to the builder or seller. The company is obliged to correct the defects, and the owner may agree to a price reduction.
- Elimination of forces. The developer should use the help of specialists to solve problems. Additional painting works, consultations of plumbers or electricians may be required.
- Come for a repeat inspection of the facility. Working from the list of strengths already compiled, go through all the points again to make sure that the deficiencies have been properly corrected.
- Object transfer. After fixing defects or agreeing a more acceptable price with the owner, you can finally become the owner of the desired square meters.
Example of use:
- Why are you so angry?
- The move is being delayed again. I have identified a number of snags and am waiting for the developer to fix them.
- I'm sorry, I didn't understand, why?
- Minor flaws. Somewhere they painted the walls badly, somewhere they made crooked corners and so on.
- Oh, it's a pity that it turned out like that. I hope everything will be fixed soon.
Don't want to pay for effort? There is a way out - contact the experts of THE Capital real estate agency for help. Our specialists look for hidden defects better than any detectives. Even if we are talking about a huge one commercial premises.
