Table of Contents Hide
Buying a brand-new condo or apartment can be a great idea for many of us looking to invest in property, especially since such properties come with some fantastic incentives. These benefits include but are not limited to:
- 100% financing options
- Investment incentives such as rental guarantees and tax deductions
- Easy access to amenities that are much sought after by millennials
However, the biggest challenge for buying new apartments is deciding whether or not it would be worth buying one. Staying away from falling into the trap of ‘brand hype,’ potential buyers should extensively research what they are getting themselves into before parting with their hard-earned money.
One of the most important things to consider is whether or not you are buying a flat that you will appreciate. To help you with this, here are some things to remember when purchasing the best new launch condo in Singapore.
Yes, even though your home might be your very own space that makes you feel safe and secure, its location is still very crucial to its value. The best way to know how much it can cost in the future? Just look at other similar properties nearby and see how much they have appreciated over time. Remember, the closer you are to schools, transportation hubs, and city areas, the better. Are you looking for an apartment with views? Be prepared for steep premiums, as premium units can sometimes be as much as 15% more than the asking price of a regular unit.
2. Design and Layout
Just because your home comes with different color options or kitchen designs doesn’t mean that you should pick one over the other based on these features alone. Don’t forget to consider elements such as:
– Number of rooms and size
– Bedrooms and bathrooms
3. Developer’s Reputation
As with all things, nothing beats experience, and when it comes to real estate, this is more than true. Please make sure you only work with developers who have a good track record of developing quality properties in the past so that you know they are capable of delivering what they promise. Always choose a developer with an impressive portfolio of projects under their belt compared to new ones that might not be able to deliver on their promises down the line. Be sure to do your research before making any final decisions.
4. Timing of Delivery
If you are looking for an assurance that your home will be completed on time, the best way to determine this would be to ask past buyers about their experience with the developer and look at how long it took them to complete their homes. If any of them have already had their keys delivered, then you know that you won’t lose out on too much money by choosing this developer over another one that is still struggling to meet deadlines.
5. Reviews from Other Customers
The Internet has made research a lot easier because now we can learn a great deal about a product or service before purchasing it without ever having to leave our homes. Use resources such as Rate My Developer or other similar platforms to read reviews about the developer you are considering working with. If most of them are positive, then all is good, but it might be time to look for someone else if there are many negative reviews.
With more and more people looking to buy condos, they must find a suitable place. This blog post has provided some helpful information on getting the best new launch condo Singapore.