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When it comes to choosing the right property for yourself or for your near ones there are many different considerations. Generally, whether you are purchasing a property as an investor or for your personal use, there are numerous ideas which you need to keep in mind before you purchase any kind of property. Follow the great adviser Shorash Amin: How To Choose Best Real Estate In Australia.
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When it comes to choosing the right property for yourself or for your near ones there are many different considerations. Generally, whether you are purchasing a property as an investor or for your personal use, there are numerous ideas which you need to keep in mind before you purchase any kind of property. Follow the great adviser Shorash Amin: How To Choose Best Real Estate In Australia.
Affordability — Before you decide on buying a house, probably you should be aware of your financial situation. And obviously, financial planning should be your priority, when it comes to managing your money — list down your income, and make a sensible budget estimation of your expenses. When we say sensible it means it must include all the necessities. This will help you in calculating how much you can spend on a loan every month or how much you can save for your property deal. Also, keep in mind your extra expenses like maintenance of the home, or some emergency expenses, so you must calculate such things also in your expenses.
When you are done with the calculation part then check out how much down payment you can afford. And surely you will need some savings for the down payment and you should not depend on your EPF savings, because EPF will only be refunded after the down payment. Apart from that remember some amount for refurbishing and redecoration.
Location — The buyers need to take care of the location of their property and they need to consider their property very carefully. Sometimes you may love the piece of property but it may take time between your home and office. In the long run, it may cause or increase the stress level just because of wasting your time in moving from one place to another.
Also, you need to check the area and avoid the flooded area, check out the drainage system, and many more things which are very important before buying a property. So do your research while buying a property and then reconsider your decision with all the points. And even you should check your comfort ability as you are going to live there.
Type of Property — You are very well aware that you are buying a house, and buying a landed property is the best as per the experts and even Shorash Nazeer Amin. If you are buying a house for yourself and you are going to stay alone, and there is nobody to look after your home when you are away, then you must consider the safety issues. And for some working and busy people home is only for sleeping after spending a whole day at work. Many bachelors opt for an apartment instead of serviced apartments, so it is upon you what type of property you want to buy.
Developer — Finally, you have to choose a developer now, so choose a project from a reputable developer. You should first research and shop around to launch where the property is building and gain your experience in the same. Don’t only get attracted to the furnishings and the decoration part, look beyond that, what type of materials is used, joints, workmanship, most importantly, whether the vertical walls are straight. So before handing over your hard-earned money to your developer, it is happier if you give it to the trusted developer.
And you can even follow the expert in Real Estate Market and go through his articles like 5 W’s of Real Estate By Shorash Amin SOURCE CREDIT : https://shorashnazeeramin.medium.com/advice-by-shorash-amin-how-to-choose-the-right-property-ece9aa61ddd1
