Regardless if you’re a first-timer, second-timer or even a property investor, every purchase of a property can be a stressful experience. Whether it’s for personal living or investment purposes, property buying is still one of the biggest purchases you can make in your life. It requires thorough research and homework to avoid even the slightest of mistakes.

Often enough, the first question you’d ask yourself is whether you should get an under construction property or a sub-sale one.
Whichever property for whatever reason of investment, you must do sufficient background research to ensure you do not buy an overpriced property or a property that you will have difficulty re-selling or putting it up for rent.

Here are some pointers to help you make an informed decision;

Under-construction property
Also known as the “sell and build” concept, developers start selling before construction work begins. For property buyers, they would usually cross their fingers and hope for the best when they buy property off the plan from developers. If they are lucky, they will get a reasonably decent if not perfect unit plus they may see a significant appreciation in value once the project is complete.

Under construction properties, or some would call it properties off the primary market, are popular among house buyers because of the discounts and freebies offered by developers. Follow this link to read about some of the pros and cons you need to weigh before you decide to buy a property off the plan.

Sub-Sale Property
Purchased in the open market, from the previous owner.

When purchasing, it is important to verify that the seller is the legal owner of the propertyYou can obtain all relevant information on the property by conducting a search on the property at the relevant land office and get confirmation of the registered owner and as to whether the said property has any encumbrances. By investing in a sub-sale property, investors know what they are actually getting for the money they paid.

Follow this link to read about some of the pros and cons you need to look out for before you decide to buy a sub-sale property.


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