Tuesday, 19 January 2016

Buying a House? What to Keep in Mind.

Factors that a buyer should keep in mind  is Location, who is the Master developer , who is the building contractor, electricity costs, service charges, standard of build, energy regulation, any existing mortgage on the property; are some very important things to keep in mind when buying property and signing any kind of legal papers. locality and return on investment; often influence the choice of the buyer.

Buyers mostly think about where they can spend their money on best property but the top factors is location, property size, facilities and community advantages. specify that buyers should also examine the grade of the property and locality.

Residential l property market seems to be going up again; many who were sitting on the sidelines are now contemplating buying a house in the city. Experts believe the market will see healthy returns in the future but there remain particular factors to consider before people put in their money into buying a house. Nevertheless, based on expert opinion, lists below the top 9 factors that anyone thinking of buying a property in Dubai must contemplate before making the move:

1.       Location
2.       Master developer’s delivery and service track record
3.       Building contractor’s record
4.       Possible return on investment
5.       Monthly costs, including electricity and service cost
6.       Seller’s existing mortgage prepayment demands
7.       Buyer’s mortgage potential and availability
8.       Overall property size
9.       Geo-political risk

Buying an affordable apartment in the city during the boom years; the list of problems is endless. On the other hand, invested more in a good location, is a much better condition even when the property market was at its worst. Location is the one thing to remember and of course the developer.

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