There are numerous factors to be considered while purchasing a property. As it is usually one of the biggest spends of our lives, it has to be planned properly. The price of the property is, of course, the most important factor but there are other factors too.
Home buying should be considered as a multi-dimensional approach that should include factors like the income of the buyer, the capacity to pay EMI, whether the purchase is made for rental purposes or self-use the city, location, and many others. These factors have long-term implications on a person’s life.
Currently, after this pandemic, it has become more important to look after the financial conditions and consider all these factors before the purchase. With the presence of prevailing financial imbalance, these are the questions, must be considered before any huge investment.
Should I buy a ready-to-move-in property or an under-construction property?
This is one of the most popular dilemmas that every buyer faces before his purchase. Due to an increase in population and heavy immigration in developed and fast-developing countries, the demand for residential properties has shown a significant rise. The under-construction properties are generally more affordable. The reason hides in the flexible payment options. Developers do offer easy payment plans linked to the phase of subvention or construction plans. With these plans, you can book your home after paying only 10-20% of the cost of the house. The rest can be settled on the possession.
Isn’t the scheme look attractive? Hopefully, yes and it must be. But there’s always a high degree of risk with these properties. How you could be sure that it will be completed on time or not? According to a report, around 50% of the unsold inventory does face high execution risk.
But remember, if you are dealing with a trustworthy and popular developer, then you no longer have to worry about these. Developers like Carmel Development Pte Ltd, have earned a lot of names by their previous developments and projects. Recently, they have come up with a new launch condominium – The Avenir in District 9. Want to give it a try? You will be glad to explore, invest and live in these condos. Start your journey and read the finest review of the new launch The Avenir freehold.
How much should I stretch my budget to get a perfect house?
Financial stability is the utmost desire of any person. It’s good if you have enough cash flow and saving today, but before investing it you should make sure that the property is worth it. You should be careful about the amount of leverage that you are taking. In case of any guidance, you can anytime reach financial advisors and get the right way to invest.
Usually, the investment goes right when you have a secure and reputable developer. If that new launch is looking all good, reviews are good and the developers are popular. Then, you are surely going on the right path. Just visit the official site of The Commodore and give your investment the right direction!
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