Getting on the property ladder is a fantastic feeling wherever it is around the world. The feeling of security and being able to make plans allows for a better quality of life to be enjoyed without the worries of renegotiating a lease or being the prey of landlords who suddenly change the terms and conditions or put the rent up without any recourse.
Condominiums are becoming increasingly popular among young Malaysians who wish to be close to the centre of a city so that they can enjoy its numerous attractions and amenities while being able to get to work easily. Pearl Point offers one such option, in which a leading property agent will be able to provide full assistance when finding the ideal condo and going through the purchasing process. Here are some of the mistakes to avoid when buying.
There are lots of things to consider when buying a condo which if chosen badly can lead to big issues for many years to come. Those who sometimes plump for a property of which the price seems too good to be true often is. They have neglected to find out the true cost by not enquiring and getting into writing any additional fees or service charges which can dramatically affect their financial situation. Budgeting properly is vital, with those who fail to do so often paying the penalty and being lumbered with somewhere that is difficult to sell as its value drops.
Buying privately when from someone without the correct credentials or qualifications can lead to misery without any recourse if things go wrong. Choosing to use a registered agent avoids such issues, with those with professional integrity wanting to provide the best service possible to their clients so that they receive good reviews and referrals. They will ensure that everything regarding the sale is compliant with no nasty surprises awaiting those who buy who might be looking to create a positive space and home office to work from.
Preparation and planning can save a lot of heartache later. It is not uncommon for buyers not to make several visits to the condo and neighbourhood before completing a purchase and find themselves in a location that they don’t like or feel safe in. It is wise to go at night and at day, as areas can change dramatically after dark, in terms of people using night markets which can increase the noise levels which is extremely annoying, especially to those with young children.
Not checking out the location and how long it takes to get to work or attractions that might want to be used regularly is a cardinal sin. Being stuck in traffic for long periods, or not having a good public transport system, or local amenities can mean that less free time is available to deal with matters such as managing taxation and enjoyment levels will be down.
Purchasing a condo can be an excellent investment, especially in the right location, but it is essential to ensure simple mistakes are avoided.
