Investing in your own property is no small matter. You need to consider various factors: your financial capability, your options for mortgage, the condition of the market (i.e., is it a good time to buy?) and other relevant matters. You also need to compare and contrast the properties you’re looking into to see which one has better amenities.
Whether you’re looking for a contemporary flat in an up-and-coming district or looking for a quiet home in the suburbs, here are three steps to follow:
Choose the Apartment Type
Property sellers offer several apartment options for those living with a family or living individually. Some apartments feature one bedroom, while others have sufficient space for multiple rooms. There are also apartments that have a terrace with a spectacular view.
Determine the “Must-Haves vs. Nice-to-Haves”
In looking for a new home, you must determine which ones are essential. This means features that you “must have”, such as sufficient space, multiple bathrooms and strategic location. Quayhouse Port Coogee, for instance, is close to the beach and marina, giving you easy access to lifestyle amenities. As for the “nice to have”, you can put rooftop terrace and outdoor kitchen.
Work with the 85 Per Cent Rule
When you’re about to buy a home, use the 85 per cent rule. Basically, the things you love about the home should comprise at least 85 per cent of it. The rest will be things that you can settle for once you can improve it to your liking, which should be 10 per cent, and a few aspects that are unchangeable but you can live with, which should be 5 per cent.
Whether it’s your first home or your second or third, it pays to give this process a considerable thought. After all, it’s one of the most significant purchases of your life.