Purchasing a home in Uganda
What considerations must a buyer to make while leasing an apartment?
When buying an apartment, some things to take into account are:
Locality, such as transportation, educational institutions, medical facilities, a market, a commercial area, leisure facilities, lodging options, restaurants, and pollution levels, etc.
carpet, built-up area, and super-built-up area are examples of the flat’s quoted area.
- A place to park a car.
- Quality of the work.
- The seller’s or the builder’s reputation.
- Adequate supply of water, electricity, and other amenities.
- Price, stamp tax, registration fees, transfer fees, monthly outgoings and society dues, and utility prices are the cost components.
- Possibility of the property being rented out or sold again.
- Any other unique qualities or benefits of the property.
What is the residential property buying check list?
When purchasing a residential home, keep the following in mind:
- Market trends regarding neighbourhood property prices and recent transactions
- Request copies of any title deeds pertaining to the property you wish to buy.
- Check the deeds to confirm the seller’s ownership of the property, ideally with the help of an advocate.
- Find out the property’s survey number, village, and registration district since the transaction must be registered with this information.
- Before finalizing the acquisition of the property, any prior liens and loans, if any, on the property must be paid off.
- The vendor’s title to the property must be unambiguous and tradable.
- Verify the authorized building design with the number of levels and the approved layout plan.
- clearance from the local government, water, electricity, and pollution agencies
- Verify any setback, side setback, height, or other issues with the building byelaws in that region.
- Confirm the transfer costs, stamp duty, and registration fees that must be paid at the time the property is purchased, as well as the expenses that must be incurred for the property, such as the property tax, water and electricity bills, society dues, and maintenance costs.