When visiting a building, check its condition, including the structure, plumbing, and electrical systems. Also, consider the layout, size, and location to ensure it meets your needs.
Yes, you can buy a building with a loan.
Due diligence is the process of thoroughly investigating a building before buying it.
Yes, you need insurance when buying a building. It protects your investment from risks like damage, theft, and liability issues.
If you find problems during the inspection, you can negotiate with the seller to have the issues fixed, and request a lower purchase price.
Yes, you should visit the building before buying to inspect its condition, layout, and location.
A down payment is the initial amount of money you pay upfront when buying a building. It reduces the loan amount you need and shows your commitment to the purchase.
After buying a building, transfer utilities to your name, set up insurance, and handle any needed repairs or renovations.
Yes, you can buy a building with cash. Paying in full avoids the need for a mortgage and can simplify the purchase process.
Before buying a building, you need inspections for the structure, water, electrical systems, roof, and foundation. It's also a good idea to check for pests, environmental hazards, and overall safety to ensure the building is in good condition.