Many people choose to invest in an apartment because the sale price is getting higher from year to year, especially if the apartment is located in a strategic area. However, there are many things you should consider when you want to start a property investment on apartment. Let’s check the following tips:
Buy an apartment in a strategic location
Do not buy an apartment just because of its low price. Also make sure that the apartment is located in a strategic area which has an easy access to public places, such as office, market, hospital, bank, and so forth.
Make sure the developer has a good reputation
Only buy an apartment from the developers who are responsible, professional and have a good reputation. You can find it out by looking at buildings owned developed by the developer. This is important to avoid the problem related to the apartment facility, such as the water and electricity system as well as the elevator. If necessary, select the developers who are experienced in the realm of international apartment so you will be successful in resell your apartment when needed and increase the investment value of your apartment.
Check the facilities provided by the apartment
Each apartment must have different facilities. Usually, the more sophisticated the facilities, the higher the price. It can be said that the number of facilities provided in the apartment can cause significant changes in the value of the apartment sale. Therefore if you want to invest in an apartment to be sold in the future, choose an apartment with full facilities. However, the facility you should prioritize is the 24 hours security, because a dweller could not be comfortably to stay in if there are no qualified security. Only then you can consider other facilities such as free pool, daily cleaning service, gym facilities, and so forth.
Choose an apartment with a monthly service charge and appropriate price
Where there is quality, there is a price. Where there is a complete facility, there is a cost to be paid. Each apartment dweller would be charged for the enjoyment of the facilities such as the cost of security, elevator maintenance , the waste management, and others. The monthly service charge varies, depending on the type of apartment you have.
Choose an apartment with an appropriate and safe parking
Never assume all apartments provide unlimited parking lot. There are also apartments with very small parking lot so that many people tend to compete for a place to park their vehicles. You definitely do not want to deal with this kind of situation which interferes with your life. So, choose an apartment with a large parking area and also with a high level of security.
Select the apartment which meets your needs
Do you want to buy a studio apartment with a small space or the one to live with your family? If you are single, a studio apartment with a small room is suitable for you. But think about your decision, whether you will need an apartment for a family in the future. If so, better to buy any apartment that has at least two rooms so you do not have to invest twice if your budget is limited.
Consider the land ownership
Do not rush to buy an apartment without considering the status of the apartment land. Make sure first that the land is not disputed land and is not being leased. Also make sure there is no problem related to the land documents. If necessary, ask a lawyer to complete the transaction.
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