It
is vital to take note of certain criteria before purchasing a
property. Buying a property takes up an extensive time, planning,
money, patience and sometimes lady luck is involved as well.
Therefore, it should be decided wisely before making a decision.
Financial
plan
Money
matters are top of your priority list. Maintain a budget in mind for
ideal properties that makes your heart skip a beat. It is crucial to
take time to slowly list the amount of cash available for expenses
like loan insurance, legal fees, monthly instalments and other
related costs. Secondly, whip up a list of all your assets (income,
savings, fix deposits, investments) and then give the two figures a
comparation and roughly gauge how much you can spend on the new home.
Locality
Where
is the property situated near? Are there schools, hospitals or even
shopping centres nearby? You will definitely need the banks, the
supermarkets and malls that you can go to on weekends to do your
shopping.
Other
than that, if you do not possess a car, do look out for public
transportation to see if it is accessible around the property. Are
the bus stops nearby, or do you have to walk a certain amount of
distance?
Style
of house
There
are basically 2 types, the landed property and the non-landed
property. Non-landed properties are primarily the flats, condominiums
and apartments which are more captivating to the younger generations
while Landed properties include semi-detached, bungalows and link
houses that may cater to larger families. However, it all sums down
to the type of home you prefer as well as the amount of income you
have.
Interior
of the house
It
is important to examine the property externally as well as
internally. The designs of the exterior and the interior, the size of
the living room, how big the rooms are, how spacious the kitchen is,
the types of floorings, the plumbing net works, etc. Private
properties are usually furnished to a certain extend so make your way
to the interior and slowly appreciate the designs and see if it's
to your liking.
It
is best that you multiply your house-hunting options by attending
project launches and open-houses organized by developers. Sign
yourself up to mailing list for an update of future projects. From
there, you can choose from the varieties of properties that suit you
best. Purchasing and owning a house is a long-term investment, so It
is crucial to plan before hand to enjoy a pleasant and good buy.
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