For many first-time home buyers, purchasing an apartment is often the most accessible entry point into the property market.
However, with a wide array of units available, it's crucial for buyers to select a property that will appreciate in value, allowing them to benefit from price growth when it's time to upgrade.
The key to choosing an apartment with strong capital growth potential is to view your purchase from the perspective of a future buyer.
Here are five general tips that can help you choose an apartment with good potential for value increase:
1. Location:
Choose an apartment in a desirable neighborhood with good schools, amenities, and low crime rates. Proximity to public transportation and major highways can also boost property value.
2. Future Development:
Research upcoming developments in the area. New infrastructure, shopping centers, and business hubs can significantly increase property values.
3. Quality of Construction:
Ensure the apartment is built with high-quality materials and has a solid construction. Poor construction can lead to costly repairs and devalue the property.
4. Market Trends:
Analyze the real estate market trends in the area. Look for areas with a history of steady appreciation and avoid those with volatile price fluctuations.
5. Amenities:
Apartments with modern amenities such as gyms, pools, and security systems tend to appreciate more. Additionally, consider the availability of parking spaces and storage units.
Few question to bare in mine when make an investment:
"When you’re buying a properties you should also be thinking about selling" "Are the property I buy today, price will increase tomorrow or next year or next 5 year?" "Today Airbnb is at pick, how about next year? or next next year?" "What kind of development at the area of the properties in 5 years? or 10 years?"
"Everybody said is good, mean its good?"
"How many Carpark available? any public transport like upcoming ART within minute of walking?"
For more detailed guidance of what are the future look like, you may contact me. Eric Liew | REN 36049 0142885767
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