When buying a new home, there are lot of things to consider, like payment details, and terms and costs. Listed below are things you need to know when it comes to investing in property:
First on the list is the base price. This means the price of the property per square foot and the saleable area of the unit. However, this is not yet the only thing they should check since the data will just be vague.
If they want to go deeper, they could review the second consideration, which is the parking lot facility of the unit. Of course, this is not included in the base price since it is just the calculation to the entire area of the unit excluding the parking lots.
Third, they should see the pricing flexibility as they decide to increase the flooring of the house. They need to see how much increase they would have to pay if in the next five years, they need to build second to third floors. If the certain unit can't accommodate this issue, they have to go somewhere else and find unit which could welcome floor rise.
Fourth, aside from the possible adjustments of their payments as the storeys of the house increase, they also need to check the other miscellaneous infrastructure costs such as the social costs and above all, the maintenance charges. These are billed separately from the unit costs. Any added amenities are separately paid. So, they also have to consider this one in planning.
Fifth, they should also check the payment plans needed for the house whether the real estate welcomes time-tied payments or construction-tied payments. This depends on the type of unit. Time-tied payments are the installment payment plans. Usually, it's either monthly or quarterly.
On the other hand, the construction-tied payments are dependent on the construction charges as the work progresses. They may divide the number of stages of payment depending on the completion of the construction process.
Sixth, the payments process needed for the unit. They need to see how the house should be paid whether online booking option or the offline where they need to have the allotment letter issued after they have agreed to the sale.
