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Monday, November 9, 2009

Property Buying Tips

After discussing the important tips on how to sell property in my previous post, today i would like to share with you some important tips of buying house

1. Decide beforehand on a few likely locations that you'd like to live in. Take into account things like distance to work places, schools and places that you visit frequently. Decide with your family's lifestyle in mind.

2. Size - how large a house do you need? Think about the next couple of years - are members of your family likely to move out and any others moving in? How many bedrooms do you need? Which living area do you and your family spend the most time in?

3. Facilities - Would you like the advantage of a swimming pool, tennis courts and other condominium type facilities? Or, would you prefer to join a recreation club and enjoy a wider variety of leisure activities?

4. Amenities - Are shops, banks, markets within a short distance?

5. Budget - Once you've decided on a location and size of home that you'd like, think about how much you'll be willing to spend. Bear in mind other monthly expenses that come with owning or renting a home. If you're buying, talk to two or three banks and discuss a financial plan that you're comfortable with.

6. Start searching - Ask to see a number of units that will suit your requirements and your budget. It's best to view around four homes in a day and certainly no more than five. The idea here is so that you can still remember the first unit that you saw. Bringing along a note pad so that you can jot down relevant facts aid you in making a good decision.

7. When viewing - Before you enter any prospective home, always take note of the surrounding areas. Don't forget, you can always redecorate the interior of a home but there's no way you can change the surroundings! Also, don't be distracted by a home that looks just the way you would have liked, get carried away and forget to check for things like cracked tiles and fittings that don't work.

8. Decide - Once you feel you're comfortable with a house - go for it! Remember, you're not the only one looking around for a house, don't rush into making a hasty decision but you need to decide as soon as you can because there are others who may be eyeing on the same house as you!

9. And above all, always remember that no matter how many houses you view, there's no way they're going to be 100% perfect. It's best to have an open mind and be prepared to adjust your expectations as needed

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