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4 Super Important reasons to consider before buying a property

4 Super Important reasons to consider before buying a property

As a real estate negotiator, I have helped many aspiring home owners buy their first property. In fact, when times are slow, the better it will become for many aspiring home owners. Let me remind everyone that once upon a time, the home loan interest was 7%! Yes, this was confirmed by my good friend, Charles Tan who said that was what he paid for when he bought his first property over 15 years ago.

Today, the interest rate is less than half of what Charles used to pay. We may want to grab this opportunity. Of course, I would offer 4 other very strong reasons to buy a home. I will tell you which home you must seriously consider at the end of these 4 reasons.

#1 – Advantage of buying a completed unit. When we buy a completed unit, we could actually view the actual workmanship. There’s no more guessing what will happen with the unit a few years down the road. In fact what would happen is that the developer with these completed units which are still unsold is that they will do their best to ensure zero defects. This is an advantage for all home buyers

#2 – Lifestyle is important and perception is everything. Buy into developments where the landscaping has already shown that it is head and shoulders above every other project within the same area. Remember, perception is super important for all developments and the right branding will always enjoy a premium in the future.

#3 -Connectivity is vital. Buy developments where it’s connected to many booming developments. For example, it is only 7 minutes to Iconic Point which was fully sold in 2 days and people started queuing from 4am. It is also only 10 minutes to the Batu Kawan Industry zone (which will continue growing and maturing in the future). It has access to a newly opened Valdor road as well.

#4- Buy into future. It is very important to understand that buying earlier into a developing area is much more ‘profitable’ versus buying when the area has fully matured and everyone has already moved in and the supply becomes much limited. Besides that, when we look at the property price in Penang from the 70s to 80s to 90s and even all the way from 90s to today, we would realize the prices continue to go up.

The days when everyone laughed at a RM400,000 home as expensive is long gone… In future, with the increasing land costs, materials costs and salaries, building a similar property at the same price as today will be impossible.

The project which meets all these 4 important reasons is Eco World’s Eco Bloom. No one buys any property by just reading or seeing a video. WhatsApp me, let me answer all your questions as I bring you around. Decide only after you have a full picture of what you are really buying into. Alternatively, call me at my mobile. I am always ready to serve. In the mean time please take care and stay safe.

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