Factors to Consider When Buying a House
GA Solo • September 14, 2021
Factors to Consider When Buying a House
Buying a house is one of the most significant financial decisions you will ever make. When you decide to buy a house, you should consider the factors that will affect your current and future financial situation and lifestyle. Here's a checklist of factors you need to think about while buying a house.
1. Location
When buying a house, location is arguably the most important consideration. No matter how the real estate market fluctuates in the future, a superior geographic location will still be an asset. For example, you can make an ugly house attractive, but you can't make a bad location better, but a well-located property is still a profitable investment. It is best to find a place near the work place, which can save you time and transportation costs.
2. Green open space
This is also an important factor to consider when buying a house. Before buying, you may go to the area and take a look at the surrounding environment, trees, other houses and landscapes. The green and open environment around the house can greatly affect its attractiveness to you and future buyers. Priority is given to locations with beautiful scenery and beautiful environment for children to grow up. Similarly, the topography is also important because the houses at the highest point in the area have good drainage and usually have a good view.
3. Schools and Colleges
Every parent desires for their children to go to a great schools or colleges. Buying a house near a good school or college will not only make your life easier, but it will also increase the value of your home. Even if the house is a little more expensive in this area, you can be sure that the resale value will be significantly higher. Furthermore, houses near schools or colleges will be rented out and will remain rented out in the foreseeable future.
4. Size
One of the key to choosing your dream house is determining how much space you actually require. Buying a house that is too small for your family will force you to constantly rearrange the space to make it work for you. Similarly, buying an overly large house will not only distract you, but it will also boost your costs significantly.
5. Budget
Of course, the budget for buying a home is very important, and it may be a decisive factor for everyone looking for a property in Malaysia. When buying a house, you need to find out what you will be charged. First of all you must make sure that you have a 10% down payment. In addition, other additional costs such as legal fees and stamp duty need to be considered. If you want to buy a house with a loan, most banks in Malaysia generally provide a loan of about 90% of the property price for your first two residential properties.
Source:
Fastrepay. (2017, August). 7 Factors to Consider When Buying a House. Fastrepay. https://www.fastrepayhomeloan.com.au/7-factors-to-consider-when-buying-a-house/
Property Guru. (2019, March). Here Are 6 Factors You Need To Consider When Buying A Property In Malaysia! Property Guru. https://www.propertyguru.com.my/property-guides/6-factors-when-buying-property-malaysia-12411
Discover Geo Antharas
You may also like
Follow Geo Antharas
Most Popular
Genting SkyWorlds, Southeast Asia's most anticipated theme park, is officially open! Due to popular demand, the soft opening trial operation has been extended until June 30, 2022! Okay, we know you're all excited to plan your next vacation, and you've come to the correct spot. This article contains the information we have gathered and compiled for you leads you to a quick review of all the perks that Genting Group has prepared for you, from facilities to accommodations, in the hopes of making a modest contribution to your itinerary planning.
Edelweiss, the premium wheat beer born in the Alps, has embarked on its #FeelTheAps journey to inspire fans to actively seek discoveries and a fresh outlook in their lives and cities.
Genting is one of Malaysia's most popular tourist destinations. It features a pleasant temperature and a wide range of food, drink, and entertainment options. It's ideal for a quick weekend getaway. Is your first impression of spending overnight at First World Hotel or other hotels when you arrive in Genting for vacation? There are numerous attractive Airbnbs at the foot of Genting and in the mid-levels. The location is superior and picturesque, the environment is pleasant, and the facilities are first-rate. It can accommodate a family or a group of pals! Now, let's have a look at the eight Airbnb holiday houses that the editor recommends you shouldn't miss!
"We are performing technical rehearsals for workers and selected guests," a GENM representative said in response to The Edge's email inquiry about the topic on Monday morning.
Nothing says downtime like planning a road trip up to Genting. If you’re in dire need of food suggestions, check out our guide to the best pork-free restaurants in Genting.
Malaysia has been named the finest retirement country in Asia and the fourth-best retirement destination in the world, according to the "International Living" website. The "International Life" website chose the 25 best retirement destinations in the world based on eight criteria. Ecuador topped the ranking, followed by Panama, Mexico, Malaysia, and Costa Rica from second to fifth. Malaysia was named the finest retirement destination in Asia, with flying colours for ease of integration, entertainment and facilities, and affordable living costs. A meal with a bottle of red wine can be settled for as little as US$5, while a doctor’s visit is only US$15.
Discover the Prestige Highland Development at Geo Antharas
