You are ready to purchase your first home or another piece of property. What would help you decide which property would best suit you in terms of convenience or lifestyles?
Here are some simple pointers to help you create your own personal checklist before making the big purchasing decision:
Loans
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Proximity to Amenities
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Insurance
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Bank Loans
Location of property
- Density
- Area of development
- Traffic flow and congestion
- Safety of neighbourhood
Resale Value
- Freehold status
Fetches better capital appreciation
- Leasehold status Less resale value as lease period decreases
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Types of Properties
- Landed
Most suitable for garden lovers, pet owners and anyone who live a 'rooted' lifestyle
- Condominiums
A favourite among the free-spirited homeowners who love the view from the top
Credibility of the Developer
- Trustworthiness
- Renowned credibility
- Good property management
- Speedy and hassle-free processing
- An understanding of home structure and its function
Bank
- Guarantor
- Interest rates
- Duration of repayment commitments
- Mortgage / Loans
- Margins of financing
Up-front payment
(including legal fees and stamp duties)
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Extra Funds
- Finishing
- Furnishing
- Renovations
- Home improvements etc
Personal Financial Records
- Steady income
- Other financial commitments
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