You are embarking on a mission to find the “IDEAL” home. One you wish would be the right choice in every aspect from location to price, or even down to the aesthetics of the home. Now, before you enthusiastically rush out to the developers and estate agents, you might want to first consider the very definition of “ideal”.
Ideal seems difficult to define as it might differ from one person to another for reasons ranging from size to type, reason for purchasing or even the buyer’s occupation. For the young graduate, an affordable home close to his workplace seems to be his “ideal” while families might prefer the practicality of a larger sized landed home with outdoor space for the kids.
There are several key questions which you need to ask yourself first before even attempting to hunt for a home that can be considered ideal.
First and foremost, you need to decide which PROPERTY TYPE you’re interested in. For those who are looking to make that property your home, you might want to decide on a residential property. This might sound kind of a daft statement, but to the inexperienced property buyer, they would be surprised to find that properties such as serviced suites and SoHos actually carry a commercial title, and with it, commercial rates for certain fees and bills including utilities.
Next up is the PURPOSE of your purchase. Since we’re on the subject of making it your own dwelling, we can casually skip this part; unless of course, you’re thinking of making it an investment in the future.
Then comes the very big question of how much you are willing to spend for that home. BUDGET is the main culprit in most of purchasing decisions, whether it’s a piece of clothing or a property. It’s all down to the dollars and cents, and it is extremely crucial that you consider your financial capacity before committing. On top of that, you should also ask yourself how much you should allocate. The general investing rule is to prepare at least 10% of the property price. This provide sufficient buffer to cushion any unexpected event such as a glitch during the loan application.
Now that the big question of money is out of the way, we can move on to asking who’s moving in to the home. As you want to use this place as your own home, FAMILY PROFILE is a key factor in determining the size of the house you should go for. Obviously, the more occupants, the bigger the space required.
Another point to stress is ACCESSIBILITY. Here, there are generally two schools of thought. The first category buyers are drawn to highly accessible places while the second might find the convenience a nuisance as they prefer a more peaceful environment.
Accessibility also relates to TRANSPORTATION. Most middle income earners who rely on public transportation might find places serviced by such public transportation a boon. On the other hand, those who drive might make highways their top priority.
One intriguing phenomenon that many may not consciously realize is the wealth-and-green factor. For those who can afford, they tend to look for NATURE. This again relates to people who prefer a green and quiet environment close to nature. Perhaps, this is the very reason behind the creation of nature themed residences such as Setia Eco Glades and Country Heights. Yet, this may not be true for all as the younger aged group might want to stay close to where all the LIFESTYLE ACTIVITIES are. This is so they are close to hangout spots and city-styled leisure where they can get along fine with their social needs.
But whichever the preference may be, AMENITIES will always come into play. One cannot live in solidarity after all. Families will probably be more attentive to this factor as their needs for kindergartens, schools, markets and supermarkets might be more pressing.
To those of you who consider yourselves “eco-warriors” in your own little way, GREEN FEATURES might be of interest to you. Of late, Green Building Index (GBI) standards have been the aim for the bigger developers. Even less prominent developments might in some way incorporate some green features such as design which allow for better ventilation, or a rainwater harvesting system.
Since we’re talking about SECURITY in this issue of Homefinder, it is interesting to note that security has since ranked itself as one of the top most priorities in Malaysia. And because of this, it is undeniable that gated and guarded developments have become very popular.
Now that we’ve covered the practical side of things, we might as well look at aesthetics. After all, the PROPERTY STYLE is probably what influences your feeling towards a certain home right from the moment you step foot in it. Okay, maybe even before that since the surrounding environment is also a vital aspect to look at.
We’ve pretty much covered all bases in helping you determine your “ideal” home. Chances of hitting all targets with a dead-on bull’s eye might be highly unlikely, but at least by answering these questions, you are able to rank your priorities based on personal preferences and practical needs. Look out for more upcoming tips as we reveal how you can spot your ideal investment as well as some crucial inspection steps you have to take before purchasing any property.