11 factors to consider when getting your own house
By: The Star
Finding the right house for yourself isn’t easy. In the market, there are many different types of housing that cater to buyers’ preferences, ranging from condominiums, service apartments, landed townhouses, terrace houses, semi-Ds to bungalows.
So, what kind of housing suits you? That depends on factors like your age group, lifestyle and background.
Some people select residences based on location, affordability and family size while others look for design factors, security and type of development – either freehold or leasehold, and strata or non-strata.
There are a few factors for consideration when it comes to purchasing the type of housing that meets your needs. It is important to weigh these factors carefully before deciding.
Where would you like your house to be? In the city centre, the countryside, or in between? Do you want it to be nearer to your workplace or closer to your parent’s house? These will be among the main factors to consider when choosing the location of your home.
Some people like their house to be closer to their workplace in the city, while others choose to travel longer distances out of the city centre due to lower house prices there. You may also be able to get a bigger abode if your house is further away from the city centre.
The type of house you end up buying naturally depends on your budget. There are different housing loans available in the market based on what you can afford.
People with a bigger budget may choose landed properties, while others may opt for condominiums. There are also high-end condominiums that provide various facilities and amenities and are located in prime locations, which require a bigger budget.
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