Go with the heart?
This is the worst thing you can do when buying an apartment
Buying a property is a very significant event, and unlike buying a car it is also very emotional.
Precisely from this place it is worth taking professional advice and not relying on gut feelings.
Experts explain why
Walla!
Real Estate
17/01/2022
Monday, 17 January 2022, 09:02
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"Sometimes it's enough for one of the apartments to be a little renovated, for him to be blinded and choose it and here's the big mistake"
"You're buying a property, one of the most important deals of your life and not always WHAT YOU SEE IS WHAT YOU GET. Seeing things below the surface, "
says interior designer Hadas Roth, owner of the architecture and home design firm Hillel Architecture, and explains:" The client walks around with a realtor and sees 4-5 different properties.
He often does not understand the potential of any property.
"Sometimes it is enough for one of the apartments to be a little renovated, so that he will be blinded and choose it, and here is the big mistake."
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Penthouse or ground floor?
It's very much up to you (Photo: Reuven Castro)
Hadas Roth and Shira Muskel - Hillel Architecture (Photo: Benjamin Adam)
According to Roth, unlike buying a car - buying an apartment is emotional.
"Buying a car is rational. When buying a car, they usually also test it for several hundred shekels. A residential or investment property, here or there, requires understanding before buying. If it is residential - the property should suit the family's needs while understanding how much the planning and renovation will cost. "If it's for investment - you have to understand which property will provide a higher return to the investor, and how much the renovation will cost."
Roth explains that customers reject apartments and miss them because they do not understand their potential.
It also works the other way around: "A customer sees an apartment with parquet, a new kitchen and he can't see that the apartment is not good. He is blinded by the lite renovation that the property owner did to sell."
Sometimes the apartment you have chosen is not the one for you.
Planning and design of Hillel Architecture (Photo: Maor Moyal)
"Counseling will help people not to live in fantasy"
Odelia Barzilai (Photo: Einat Kazula)
Interior designer Odelia Barzilai explains: "A good consultation meeting when people want a change in the apartment to suit their needs. Yes, you should consult, this is the biggest investment you will make in your life. There are meetings that led me to remove the client It suits him. "
As an example, Barzilai gives a retired couple who live in a private house and wanted to expand it.
After interrogation and a counseling session it emerged that they did not like the garden, that they did not like to host, that they barely utilized the top floor.
"I recommended them a penthouse that suits their size," she says, "they really went in that direction and were looking for a penthouse, without the clutter of the private house. Another example is a couple who sent a video of a house and budget for renovation. I explained to them that they were not in the right direction. "There was a huge gap, and they too came down from this deal and together they are looking for a home that fits their needs and budget. Counseling will help people not to live in fantasy. But to make people have their feet on the ground and understand exactly what they are getting into."
Before embarking on a move - it is important to get direction.
Planning and design by Odelia Barzilai (Photo: Einat Dekel)
How much will such a meeting cost?
"In one session, after seeing drawings, plans and even videos of the apartment, I can evaluate and inform the client about its pros and cons, according to his needs," says Roth, "I can explain to the client what the best option is for him, from which property he can plan Another room, how much will a new design cost, how much will a renovation cost and even through a realtor which property will yield the most return. By the way, sometimes even very spacious and large apartments and houses may not suit the client's needs. "Educated and professional. Our job is first and foremost to save heartache. You enter an adventure with emotional enthusiasm and the goal is to make a rational decision and take the emotional decision out of the matter. And again - do not buy from the belly."
How much will such a meeting cost?
In the office of Hillel Architecture, with videos and plans of the house, the price is NIS 1,500 plus VAT. If customers from the Sharon area insist that the professional come physically to see the property, the price will climb to NIS 1,800 plus VAT.
In general, the price in the market ranges from NIS 1,000 to NIS 2,500, depending on the needs and the designers.
What else needs to be checked in the apartment?
Nir Shmol (Photo: Tomer Feder)
Nir Shmol, CEO of Snir, says: "There is no private purchase that a person makes in his life that is similar to it and most of the commitment is for decades to come, when most buyers in Israel take out a mortgage.
A person buys an average of 2-3 apartments during his life, with the majority being done for the purpose of improving housing and sometimes as the purchase of an additional apartment for investment.
Shmul recommends a few important steps:
First, the buyer must go to the municipality and check with the engineering department what the planning is for the area
where he is buying an apartment, if urban renewal is planned in the area, if there is a future interchange being prepared, and if there is a power transformation station and other planning questions.
Second, one should hire the services of a real estate agent who specializes in real estate
to check the legal status of the property: if it is properly registered, there are debts on the property, liens, foreclosures, warning note and more, are there any construction irregularities and so on.
This real estate lawyer will also accompany the purchase process, act in his own interests and preserve the rights of the buyer during the legal negotiations with the seller and his proxy.
I always also recommend to acquaintances who consult with me to hire a mortgage adviser
who specializes in the field (with preference for advisers who worked in the banking system in the mortgage field) in order to get the best offers from the banks and the most willing customer to come and buy an apartment.
Apartment financing is one of the most important areas in
purchasing a residential property or investment and the buyer must understand that any mistake in financing the property, can result in a loss of tens and hundreds of thousands of shekels against a better alternative to the customer.
Another very important consultant for the purchase is an engineer on our behalf
who will inspect the property and its engineering condition.
Many times sellers to sell a property at a reasonable price paint the walls and the apartment looks like new but check its true physical condition and only a professional who understands engineering can give them an accurate engineering experience regarding the true condition of the property.
In order to find the right price of the property before the purchase
, I recommend going to the Tax Authority website to check purchases made on the street and in the area in the past year and also talk to 3-2 arguing from the area, to make sure the price is reasonable and right for the buyer.
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