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Real Estate 101: 5 Things to Consider Before Buying a Property


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December 23, 2021

Becoming an owner of a house is a dream that requires time, money, and commitment. Real estate is an enormous financial investment. Before you get to purchase a property, you are likely to need to save up for quite a few years. If you want to apply for a mortgage, you will need to pay a specific percentage of the purchase price upfront in order to qualify for the loan.

Because of that, figuring out what house is best for you is not something to be taken lightly. You do not want to regret it later, do you? In order to avoid ending up in such a situation, you should carefully examine any property that you think about buying. It should fit your requirements, such as location, size, and the number of bedrooms and bathrooms, among other things.

Do you want to learn more about buying a property? If so, you came to the right place! Below, you will find a short list of things that you should consider when looking for the house of your dreams.


Location is one of the most important things to consider when purchasing any house. You should consider how close it is to hospitals, supermarkets, and other amenities. You do not want to spend hours commuting, do you? For instance, the Treasure at Tampines condo is located close to Eastpoint Mall, as well as Changi General Hospital. On the other hand, if you love nature, but are a city person at heart, you can think about buying a property near a park. That way, you can have the best of both worlds!

In addition to amenities, you should think about what the area surrounding the property is like. Is it safe and peaceful? What about the crime rates? You should be able to find the crime rates of any neighborhood on the internet. If the crime rates in the area surrounding a property that you want to buy are high, you might want to look for a property located in another part of the city.


Before you buy a house, you should think about its size. The size of the property is something that you cannot compromise on, as it will determine how comfortable you and your family will live in that house. A large family will benefit from a bigger property. However, if you live alone, a big house might not be the best choice for you.

Keep in mind that furnishing a big house is going to be costly and that you will need to spend a lot of time keeping it clean. Moreover, the mortgage and utility costs are going to be high in comparison to the mortgage and utility costs of a small house.


The age of a property can help you determine whether it is worth buying. If the property is old and has been neglected over the years, parts of it may be in need of serious repairs. You might have to fix water damage and replace old flooring, among other things. Of course, it does not have to be the case if the previous owners have been properly maintaining the property.

If you do not have enough money to invest in necessary repairs and remodeling, think about buying a different property. A newer property might be expensive, but at the same time, it will not require you to spend thousands of dollars on repairs.

Condition of the House

When looking at different houses, you should examine the interior and exterior of each house carefully. Look for any signs of water damage and be on the lookout for cracks on the house walls, roof, ceilings, and floors.

It is best to hire a professional home inspector to assess the house that you want to buy. Such an inspector has plenty of experience when it comes to spotting signs of wear and tear and structural damage.

Number of Bedrooms and Bathrooms

Last but not least, consider the number of bedrooms and bathrooms in the property. If you have a big family or plan to have kids in the future, you might want to look for a house with at least two bedrooms and two bathrooms. It is also convenient to have one spare room that you could use as a guest room.

In Conclusion

To sum up, as a future homeowner, you must educate yourself on the things that one should pay attention to when buying a property. For starters, check the location and the size of the property and ensure that it is close to places like bus stops, shopping malls, and hospitals. In addition, you should think about the number of bedrooms and bathrooms inside the property and go for a number that you will be comfortable with.

If you take each of the things listed here into consideration when buying a property, you should be able to enjoy living in your home for many decades to come!


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About the author

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Andy Redan

Andy Redan is a content writer whose primary focus is to create high-quality articles on new technologies. His other main fields of interest are business and home renovations.

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation.

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