Skip to main content

Maximizing Your Value with a Property Purchase

The idea of picking up any sort of property is not just a good one - it can be a great one. When you think about real estate in general there are a number of reasons why anyone would want to jump into buying a property and be able to have true value. When you throw in the fact that real estate and buying a property is something you can actually put to functional use as well by living in it, you truly have a tremendous opportunity to secure an asset that can help you in multiple ways. Just make sure you consider the following before buying.

General Condition
The process of buying can be difficult for many reasons. When you consider the difficulty of trying to evaluate a property and see exactly what it was worth, you have no idea what you are actually getting yourself into. The reason for this is simply because the condition of a home might appear much better than it actually is. But, without pulling back the siding or tearing down the drywall, there is still a few ways to try and figure out what exactly you have with respect to a home’s general condition and state.
The easiest way to see what type of home you are getting and what type of condition it may be in is to evaluate what you can see and then try to project that over to what you can’t see.  Looking at everything from signs the property is actually kept up to date to making sure wear and tear is minimal throughout the house are just the starters. Did the former owners care for it in general? Does the property look bad or does it look like new? You have to remember that where there’s smoke there’s fire and if they didn’t take care of what you can see, and if they didn’t even get it looking it’s best when they know it’s going to be evaluated and inspected, just imagine the potential problems that are hiding behind the walls and under the floor of a home that is less than pristine.

Updates
The updates that a property has might be cosmetic and might just be there to try and wow you. That being said, you also want to make sure that the updates are for functional use as well as general maintenance. If a home is older, when was the last time the major items were replaced (specifically the flooring, roofing, electrical and plumbing). If one of the major assets of a home goes, you could be in for a major renovation, a lot of damage, and significant cost out of your pocket and stress on your lap. Updates are integral simply because they aren’t just for value, they are for the protection of your property as well. In addition, not having an update or having items not up to code could mean a lot of money out of your pocket to bring it up to a proper state.

The other key to updates that some people will point out is that if you can visibly see an update that needs to be done, you could always point that out to the seller in hopes that they would drop the price. After all, if there is work to be done you can try to bring your concerns forward and possibly secure a home that you love while also bringing it down to a more competitive price.

Neighborhood and General Outlook on the Area
One simple area that you should always be aware of before searching for property for sale on PropertyGuru Singapore is to know the neighborhood. words. This one is key because it could mean a significant difference between your peace and quiet or finding that you truly don’t like where you live. You should understand what is around you, both with the next door neighbors and also the area in general for the next few blocks and even miles surrounding the home. Are property values rising or falling? What is crime like? Are new businesses coming in to town and providing a higher standard of living or are they all leaving? Knowing the surrounding area will help you out both when it comes to the value of the home but also with your general comfort as well.


Wherever you choose to go, you simply need to know what to look for ahead of time. There is no takebacks when it comes to real estate and homes, and once you have purchased a home you have to live there or find a way to unload it and possibly take a loss. Rather than dealing with things in hindsight, just be sure you understand what you are getting into with some of these tips far before you sign your name on the dotted line. 

Comments

Popular posts from this blog

My Failed Project In Baking Mini Egg Cakes

FAILED THIS TIME..... I don't know why, I follow exactly the ingredients and the method written in her website but it was not successful.  Something went wrong somewhere but I don't think I want to try it again.  This recipe is called Mini Egg Cake which is supposed to be soft, airy, light sponge cake but the way I made them, they turned out hard and crusty cake.   If I try again one day, I will half the portion... cos I like to eat these traditional egg cakes.... The Ingredients...  No point putting the recipe here since I failed..  LOL...  The portions of this recipe....  It looked very promising when I put them into the oven.... Even when they were in the baking process... they look good, aren't they? LOL...  I was so happy just by looking at the mini egg cakes in the tray....  And after they were let out... my heart sank....  The minute I took them out from the tray, I knew... Hard at the top...  Tak Jadi = Failed.... Now come to t

Mini Birthday Celebration At August Healing, Ipoh

GETTING HEALED AGAIN... this time four of us went to August Healing for other sweet and savoury delights.  This time when we went up to the little cafe, the tables were all occupied except for one.  Next time we must not go during lunch time.  Mistake....  Anyway, we managed to get a table near the window while waiting for another two of my friends to arrive.  First time visit for them and I hope they like the food there as much as I like them.  We ordered three different varieties to share as we had a heavy breakfast in the morning....  Which shall I choose? Berries bread pudding today....  Forgot what this is called....  Garlic honey scones...  Coffee for my friends.... As for me, I had Chamomile tea....  We ordered one croissant to share.... Smoked duck and omelette fillings... Full to the brim... RM15....  Quiche again.... different fillings this time... RM15 And a Happy Birthday piece of cheese cake... RM14.. Though just a few varieties, we were very full.... For dinner, I just ha

Home Cooked Dishes

NOT MUCH HAPPENING... and lazy too.... My neighbour gave me half pumpkin and I have been keeping it for a couple of days before I finally decide what to do with it.  I cook it into small chunks and sauteed it with minced meat, okra and basil leaves.  Yes, it would be great to put in some small cilipadi but unfortunately, I did not find any in my fridge.  Steamed a bowl of rice and that was meal for dinner.... One dish meal....  Pumpkin reminds me of sweet potatoes...sweet after cooking... Another dinner meal consist of Sambal Fish, black pepper met and a hard boiled egg  I only boiled the egg, the other two dishes were "sponsored" by my neighbour... LOL...