Do You Want To Buy A House? Here’s What You Should Know

Whether you are a first-time buyer or an experienced investor, a flat in Kota Damansara is an excellent way to acquire property that will create a good rental income and get you started in the real estate market. It is helpful to understand how to properly obtain a new apartment. Because there are so many units on the market these days, it’s vital that you choose one that will increase in value. In order to achieve significant capital growth, you must consider the future buyer. Let’s look at some of the greatest apartment-buying recommendations.

It all depends on where you are.

When it comes to purchasing your first apartment, the adage “location, location, location” is accurate. The neighbourhood, the view, and, in the case of flats, the floor level should be your top priority while looking for a property. When looking for a unit with abundant natural light, consider the demographics of the neighbourhood and the possible target market. Particular neighbourhoods with a mix of historic and contemporary high-end units will always be in high demand. These are frequently located in the city centre and offer distinct lifestyle benefits. Keep it on your “getting a new flat” to-do list, because you’ll want to think about what would appeal to those who are cutting back on their lifestyle.

Aim for something a little more solid.

One of the items on your “buying a new flat” checklist is the size of the unit you choose. If at all possible, find an apartment with numerous bedrooms, as larger flats appeal to a broader spectrum of potential buyers. This is one method for calculating the future value of a potential new apartment. A two- or three-bedroom apartment will offer greater results than a single bedroom one. There will always be a need for well-located two-bedroom apartments, especially if they are close to public transit or have a parking spot. Because they have a limited resale market, most lenders set limitations on flats under 45 square metres when you apply for a loan.

The quality of the environment

Given the issues that a number of new large apartment complexes have faced, construction quality is a hot topic these days. Stability is one of the things to look for when buying a home. Poor workmanship and shoddy aluminium cladding will decrease the value of your property. Always conduct your research before purchasing a flat to see if there are any issues or maintenance that needs to be done. It’s also a good idea to contact professionals to ensure that your house doesn’t have any problems worth $50,000. A building and pest inspection will lower your risk and save you thousands of dollars in the long run.

Car parks increase the value of a home.

One of the best first-time buying tips is to determine which assets develop the fastest. Because most popular flat complex neighbourhoods have limited street parking, having a car park in your apartment can help you maximise resale value. Flats with parking places value 4% faster than those without, thus it’s towards the top of the list of first-time buyer recommendations.