Residential properties come in many type and sizes. Sure you have to think where your family residential properties with environment factors, size, number of bedrooms, near the work place, close to schools and easy way to purchase goods needs to be priority.
Things above your head dizzy possible because not all properties that really meet your tastes. On this day I want to share a tip what are the things most important to select the properties you need to know. Source selection of property was essentially based on 4 types of property you want to have. Residential properties come in several forms such as new residential, residential applicable, like repairs, and auction.
1. Residential New
Have various privileges when purchasing a new residential properties. Its because the cost of repairs and maintenance is minimal and most developers have a warranty for 12 months to 24 months. With the new ownership of the property not occupied and it makes this a unique property and there is no limit to increase your privileges from the start yourself.
It should be remembered that any new property price may be too expensive and you are advised to compare where you might be acquired freehold property (Freehold) in the same price while holding the property (leasehold) in the same area. Make sure you are looking for real estate developer who has a good reputation and track record with their buyers and the quality you would expect.
2. used home
“Second Hand” home or Used Home notwithstanding its sound ... it means the same in the possession of this type. When you purchase this type of property is a fact that you need to understand. Habits in the house owner applies requires high cost of repair than new homes. Observation and examination is very important at this property which you need to understand the factors and quality of properties that match the current price.
3. Purchase and repair
Ownership of property is because this type of property in that price you can afford it or because the condition is very cheap. Condition of this property normally requires cost of repair and requires a lot of time and cost a lot to be expended. You must be careful, because if you have a problem to provide 10% cash advance and it will also affect costs recovered well you cannot face it.
However, a little bit real estate investors interested in this type of properties. It is because when the price is low because of problems that need to be upgraded in the future but has a very high value. Task owner is selling the property after the new upgraded at a price that is far more expensive when the price exceeds the purchase.
4. Bank Auction
Normally the property auctioned off because the property owner does not pay back their housing loan payments. So as a solution over the non-performing loans the bank had to sell the interest in bidding. Normally you can get home or property that is far cheaper than the price of the property during the auction. It is also one way of looking at their properties with low deposits.
Unfortunately, this type of property is not offered every day so only certain individuals who will acquire property only by auction price "super best" of the market. Should also note that the property also has problems such as risk and cost of repair is very high, because property owners who do not want to release the property and various other problems that may be you get difficulties at each transaction to another transaction.
Now you understand the basic things the selection property investors ... good luck all
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