Investing in a property is about buying a place for personal or business purposes. Buying a property is a no simple matter because it’s a big investment. While some bad investments can be forgiven, a property is not one of those. A property i undeniably a big investment and the last thing you want is to mess it up. Although in Singapore this is highly unlikely, as this city of a country has it’s places being developed that you can consider any place as a good investment.
Investing in a property is this investment that needs to be considered, not just once but on many occasions. While you can still easily get rid of your car even with its ridiculously high price in Singapore, properties are not as forgiving. So if you want to invest in one you have to consider a lot of things before you buy one for yourself. Primarily the purpose, the location and the cost.
The purpose in buying a property: Whether it’s for business or residential, personal or business use, you need to think always about your purpose. If you are buying a residential space but you plan to use it as a space for lease for the likes of Airbnb then there are a lot of things to consider like the location, where is the nearest landmarks and places that people can easily go to. Because you have to keep in mind that customers who will rent will not just rent a place, they consider a lot of things like the area, amenities, the places that are near that place that they can go to and so on.
The Living space: If you have a family, you will need bigger space that’s more than 20 sqm. In order to have ample legroom for your family. If you are a collector you still need more space for your collections too but if you’re single and you just want a place to crash after a long days of work and partying then you can get a smaller space. Just so the place was too good that you just bought one is not a good way to go. You still do have to consider a lot of stuff like the people that are living with your, your personal spaces, your stuff and so on,
The long run: Aside from the space, you also need to consider the future. You might be single now, but will you be single forever? Do you want to get married and have a family after a year? If that’s the case then you need to consider maybe getting a bigger and better space. You don’t want to be stuck paying a mortgage for a small home that won’t be conducive to a family. Your just wasting your hard earned money.
There are certain things in a property that needs to be considered, if you are looking for that spacious and strategic place, you might want to consider Rivercove, a pre selling condominium that is situated in the scenic riverside of Anchorvale Lane. If this is a pace where you see yourself living in the next few years, then call a realty agent.