Whether you are selling or buying a property, you will get acquainted with the certificate of location. It is an essential document. It is not too complicated although it is a little technical. Let us shed some light on this issue.
The certificate of location is the work of an accomplished land surveyor. It basically contains numbers, such as the dimensions of the land and buildings, the number of floors of the property and its structure. But it mostly contains the general plan of the property: location of the land and pool, cadastral data, limitations, encroachments, servitudes (utility corridor), and the geographical position of all the elements present, from the shed to the hedge, including the vehicle access.[……]
We tend to examine the yard quickly. In our minds, it’s not very important. The condition of the home and its financing are of greater significance. Yet, taking the time to observe the four corners of the yard may save you many problems.
If you’re only planning to stay for a few years, you may think the yard doesn’t really count for much. Caution! If the yard hides a defect, it will affect the home’s resale price. If you intend on staying there permanently, the yard will require much thought for future projects. In both cases, a basic examination is required.
If an old tree is near the house, its roots may be so deep and spread out into the ground that they are about to crack the foundations, especially if they’re already fragile.[……]
As for any single home, you will have to write a promise to purchase to acquire the condo you wish to buy. Although the content of both forms is similar, the promise to purchase for condominiums includes some particularities. It is in your best interest to know them well.
You’re willing to accept the inconveniences that come with living in a co-ownership property and you are now ready to start looking for units. Be careful! Buying a condominium is not the same as buying a house.
Are you looking for a divided or undivided condo unit? A new condo or an older one? These are two contrasting realities. A new condominium will be more modern. You might even be able to look at the blueprints of the unit under construction and offer a few of your own ideas. In addition, maintenance costs will be lower since the building is brand new. Keep in mind, however, that you will have to deal with a promoter. Sometimes, he or she tends to make last-minute changes without advising the future owners. Proceed with caution. Here is a question you should ask: Will you have to pay a monthly housing charge? If you are the Eco-friendly type, new housing is more likely to meet your criteria than older buildings, since the materials used are more current.[……]
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