You probably already know that the Ara Damansara property is a great option if it’s your first home, or you have a growing family. But there are also many pitfalls that many buyers are not aware of. Below you will find the most common pitfalls, as well as tips to avoid them when looking for a turnkey house.
The benefits of turnkey homes
- Newly built houses are attracting buyers for several reasons:
- Many buyers like the idea of being the first occupants of the house.
- Repair and redecoration costs should be minimal for the first few years.
- Buyers can choose finishes and accessories that will suit their style.
- These homes often come with warranties.
- Owners can enjoy lower operating costs and energy bills.
Problems and pitfalls of new homes
But what are the disadvantages of buying a newly built house? In this section, you will discover some common pitfalls and tips to avoid them.
Whether you want to buy a toaster or a new home, the sales process and after-sales services can vary. The problem is that you expect a better level of service quality when you spend tens of thousands of euros on your home. Unfortunately, developers do not compete for quality and after-sales services. So it is necessary to do your own research. Here are some tips:
Find out about the developers in the area you want to move to and do research online. Pay close attention to the forums in which they are mentioned and see what buyers say in the reviews. Don’t let those forums discourage you, but they will inform you about the issues you need to pay attention to when you want to buy a house.
Meet other owners – If the housing complex has been partially completed, ask neighbors about the purchase process. He could give you advice on negotiation and things to keep in touch with.
- Visit other developer sites: What does it look like?
- What do new residents say about their homes and developer?
Never rely solely on the developer’s promotional materials. Check what you will buy by visiting the neighborhood and nearby areas. Check the transport connections, the road to work, the local facilities, etc.
Like a new car, a newly built house will depreciate the moment you turn the key in the door. Even in a growing market, you may not get your money back if you sell in a year or two. Here are some tips to overcome this problem:
Compare the newly built house with similar “old” properties, in terms of value, space, and rental value in the local area. Check the price per square meter with the help of a real estate appraiser from the website, and compare it with the resale market, so that you understand the premium price you pay., but you can also check out KLCC apartment for rent.
You can click here for more articles like this.