Buying a house is a big deal, in the process of buying a house, everyone does not want to buy an unfinished building, which will bring economic losses to the buyer, and may also affect the living environment and daily life. Therefore, it is crucial for home buyers to know how to tell if a project is unfinished. So how can you tell if it's an unfinished building?Will a house with five certificates be unfinished?
To determine whether a real estate is unfinished, it can be analyzed through the following aspects:
1. Whether the five certificates of the real estate are complete: including state-owned land use certificate, construction land planning permit, construction project planning permit, construction project construction permit, and commercial housing sales (pre-sale) license. If the five certificates are incomplete, it may be an unfinished building.
2. Frequent name changes of the project: This may be to get rid of the old image, or the project changes hands, or the original name is too ordinary. These reasons may lead to the appearance of unfinished buildings.
3. Project construction progress: Observe the construction progress of the real estate, if the façade has been built 23 or higher, the possibility of unfinished work is low. In addition, it is more likely that the property will be unfinished if the developer extends the delivery time indefinitely or there are multiple debt disputes.
4. Observe the quality of building materials: Unfinished buildings often have the problem of poor quality of building materials, such as whether the bricks on the wall have cracks, deformation or discoloration.
5. Real estate sales: understanding the sales of real estate can reflect the quality of a real estate. Check the developer's annual report to see the developer's economic strength and operating status. A developer with a high annual profit and stable operation usually does not have unfinished buildings.
Will a house with five certificates be unfinished?
It is also possible that a house with five certificates will not be completed. Although the completion of the five certificates means that the property is legally legal, it does not mean that the developer will be able to complete the construction and deliver the house on time. The emergence of unfinished buildings is often related to factors such as the broken capital chain of the developer, the slow progress of construction, the poor quality of building materials, and the poor appearance of the building and the surrounding environment. Even if the five certificates of a real estate project are complete, if the developer has problems in raising funds, organizing construction, etc., or is affected by factors such as market environment and policy adjustments, it may lead to the unfinished real estate.
Therefore, when buying a property, in addition to checking the complete five certificates, it is also necessary to have a comprehensive understanding and analysis of the developer's strength, reputation, construction progress, etc., so as to reduce the risk of buying unfinished buildings.