Check List

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:

Bank Loans

• Mortgage

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

Proximity to Amenities

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)

Insurance

Extra Funds

• Finishing
• Furnishing
• Renovations
• Home improvements etc

Personal Financial Records

• Steady income
• Other financial commitments