News & Articles 10 Things You Need to Know Before Purchasing a House
10 Things You Need to Know Before Purchasing a House
23 Jun 2016
1. Spend within limits
It is important to spend rationally with a proper plan in mind. Before purchasing the property of your dream, make sure it comes with a price that you can handle.
2. Don’t be easily misguided or tempted.
The price of a house determines your future expenditure and lifestyle. More often than not, developers jack up the housing prices. Then, they give discounts, gifts and rebates to lure buyers.
3. Learn more, be prepared.
Often, buyers rush into buying a property before fully understanding what they need to know as a buyer. It is advisable to read more for general knowledge and learn about the prices before committing to one.
4. Check on the credibility and strength of the developer
Before considering any property, make sure it is developed by credible and reliable property development companies.
5. Never pay in full.
This applies to houses that are not fully built and ready. If you pay in full, and the developer is unable to meet the completion dateline, you won’t be able to claim for reparation.
6. Get the right kind of property
It is crucial to find the house that suits your needs, even though it might take extra time. Also, check on the floor plan to ensure that the number of rooms and space is suitable for your needs.
7. Choose 4th floor and above for apartment
Usually apartments on the higher floors, from the middle onwards are priced the highest. The prices are lowest for the top floor or the lower floors. Also, apartments located at levels that are lucky, such as 6, 8, 10, 12, 16 and 18 will be pricier as compared to the rest.
8. Do not waste time on the road
Although some developers claim that the distance from the property to the nearest highway is short, they did not mention the actual time taken when a person is traveling during traffic congestion or peak hours. People living in the city tend to waste a lot of precious time on the road each day. Hence, do not be fooled by the estimated traveling time.
9. Do not rush
When you are ready to pay the deposit for a property, be clear about the location, structure, size, price, contract, deposit amount, delivery time and deposit refund. Make rational decisions, consider the environment, layout and design of the house. Ensure that all furniture and decoration fits with the property.
10. Contract
Before signing the contract, it is very important for you to find out whether the house is partially or fully furnished, origin of land, facilities, mortgage, terms and conditions for breach and termination of contract, materials, housing quality standards, warranty responsibility, housing map and completion time.
(中文版请看这里: http://goo.gl/vYxuej)
It is important to spend rationally with a proper plan in mind. Before purchasing the property of your dream, make sure it comes with a price that you can handle.
2. Don’t be easily misguided or tempted.
The price of a house determines your future expenditure and lifestyle. More often than not, developers jack up the housing prices. Then, they give discounts, gifts and rebates to lure buyers.
3. Learn more, be prepared.
Often, buyers rush into buying a property before fully understanding what they need to know as a buyer. It is advisable to read more for general knowledge and learn about the prices before committing to one.
4. Check on the credibility and strength of the developer
Before considering any property, make sure it is developed by credible and reliable property development companies.
5. Never pay in full.
This applies to houses that are not fully built and ready. If you pay in full, and the developer is unable to meet the completion dateline, you won’t be able to claim for reparation.
6. Get the right kind of property
It is crucial to find the house that suits your needs, even though it might take extra time. Also, check on the floor plan to ensure that the number of rooms and space is suitable for your needs.
7. Choose 4th floor and above for apartment
Usually apartments on the higher floors, from the middle onwards are priced the highest. The prices are lowest for the top floor or the lower floors. Also, apartments located at levels that are lucky, such as 6, 8, 10, 12, 16 and 18 will be pricier as compared to the rest.
8. Do not waste time on the road
Although some developers claim that the distance from the property to the nearest highway is short, they did not mention the actual time taken when a person is traveling during traffic congestion or peak hours. People living in the city tend to waste a lot of precious time on the road each day. Hence, do not be fooled by the estimated traveling time.
9. Do not rush
When you are ready to pay the deposit for a property, be clear about the location, structure, size, price, contract, deposit amount, delivery time and deposit refund. Make rational decisions, consider the environment, layout and design of the house. Ensure that all furniture and decoration fits with the property.
10. Contract
Before signing the contract, it is very important for you to find out whether the house is partially or fully furnished, origin of land, facilities, mortgage, terms and conditions for breach and termination of contract, materials, housing quality standards, warranty responsibility, housing map and completion time.
(中文版请看这里: http://goo.gl/vYxuej)
Source: DurianProperty.com