Buying a property can be one of the biggest and wisest purchases for some people. A lot of people are afraid that they will make the wrong decision when buying a property compare to other things because property can be one of their most expensive buys. What you are going to discover in this article will help you in making the right decision when getting yourself a new property. Below are some golden tips that you may consider...
1. Make sure you are clear with your
TMW Maxwell Price objective. Why do you want to buy property? Do you want to buy it for your own stay or own use or are you buying it for investment? Knowing your objective up front can help you to better clarify the criteria of the property. For example, the cost of acquiring the property will be a crucial factor if you are buying for investment.
2. Know your budget. How much can you afford and know your budget before you commit to any purchase. You have to understand that addition cost such as legal fees, repair cost, renovation cost, referral fee, etc may incur. Therefore, always prepare more and buy within your budget. If you are buying for investment, make sure you have additional money to act as buffer in case if you cannot rent out the unit.