Search for news
Photo Credit Photo by PhotoMIX Ltd. from Pexels


A Beginner Buyer Guideline to Buying Property

Be the first to review
So you’re thinking of buying a property. Whether this will be your first home or an investment venture - once you have decided what your objective is, it’s time to find the property just right for it.
Here are some perspectives to keep in mind…
This guideline is extracted from “Buying Property Like A Pro” by Miichael Yeoh
- Location
Take a look around and do your research. How is the surrounding area? If a place is in its infancy stage, you may be able to get a better price. - Population
Miichael prefers to buy property in a highly-populated area so that when the time comes to sell, the demand will be higher. - Infrastructure
The current and future plans for the infrastructure should be sensible and accessible. You might be surprised how some buildings are poorly designed and you also might be looking for features specific to your needs. - Business Activities
When buying a property you should also look at what kind of businesses are largely involved in the area. Depending on your unique objective for this purchase, the business industry in the area of the property will be important to know. - What's the future?
Ask yourself “does this place have the potential for growth?” - The right price
Make sure to check what the average price is of properties within the area so you know how much to pay and how much you can potentially sell in the future. - Rate the developer
You pay for what you get and a 5-star developer might have a higher price but their risk factor is lower. - Check the developer’s background
What is their experience? How many projects have they completed? Will the developer be able to complete the project on time? - Don’t trust artist impressions
You should not 100% trust the artist impressions of a property. After all, they are only just impressions and you do not want to be disappointed if the reality of what the project looks like differs greatly to the flyers and brochures. - Be cautious
When a package deal becomes part of your deciding factor for purchasing a property, be wary that sometimes they can be “too good to be true”. Be sure to research properly and stick to more credible sources.
Now that you have these tips you are one step closer to being a pro property buyer. Stay tuned for more articles on buying property with Property Hunter.
WHAT DO YOU FEEL ABOUT THIS?
0

LOVE
0

HAPPY
0

SURPRISED
0

SAD
0

ANGRY
CONTINUE READING
#Article
Are You Ready to Buy a Home? a First-Time Homebuyer Checklist

#Article
Till Death Do Us Part- Planning and Investing in Burial Plots

#Article
How to Begin Earning Passive Income From Real Estate—No Matter Your Level...

#Article
How to Flip a House for Profit in Malaysia

#Article
How Long Would It Take You to Save for a Home’s Downpayment?

#Article
Buying Property - a Feng Shui Checklist (Free PDF Download)

SIGN UP NEWSLETTER

The staple of your property-related materials. It's all about being ahead of the game and with The Column, you get carefully selected information that will keep you informed and running with the pack. The best news, articles and properties on the market from the Property Hunter portal, conveniently wrapped and ready, just for you.