Home buyers are often advised to buy into the location of the property. On the surface level, this is true. But to better evaluate a home, they need to look into the future. Here are some details to search for when gazing into your magic crystal ball:
Forest Today, Desert Tomorrow
Before buying a home in that low-density apartment the real estate agent told you about, do your homework. The surrounding vacant land or lush forest may be owned by other developers who may develop it in the near future.
Your low-density apartment which is encapsulated by trees may soon turn into a highly dense Egyptian desert town, minus the camels. Traffic jams might also occur when an area is fully developed. So inquire about the overall phases of the development and visualise how these built elements interact with each other in the future.
Upcoming Infrastructures
New parks and public toilets are always welcome. But few beat the benefits of having a new LRT or MRT station in the vicinity. However, this is bad if the station is near your home due to the noise pollution it generates.
Ideally, your home should be situated at a sweet spot, not too far away from the station and not too near it. Next, pay attention to the feeder bus routes and note if these converge in your area.
To keep things simple, any form of convenience acts as a catalyst to boost property prices, tenancy rates and rental yield. Among the sure-fire catalysts are educational elements such as schools and colleges.
As stated above, savvy home buyers should also keep themselves updated with the latest news regarding the property landscape.
With that said, the Titanium mobile app kills two birds with one stone by delivering pertinent property news while offering developments with strong educational aspects. Find out more about the app at: https://smartasset.my/
