All homeowners tend to subjectively overestimate its market value.
But the price consists of a number of objective factors: the actual state of the market, the real state of the apartment and communications, infrastructure, condition of the house and the surrounding area.
In addition, a new apartment in the primary real estate market – a completely different matter in terms of investment. Consider the main factors.
Condition of the house and territory
For example, the Commodore residential complex has a cosy eco-friendly area, equipped with modern video monitoring systems, bike paths, gazebos and bicycle parking, a playground and night lighting of the facade.
The panoramic windows offer a magnificent view of the city lake, and nearby is the Sembawang Park. Such housing will not be cheap, but you will be happy with your choice for many years.
Condition of the entrance
This is the face of the house. Spacious clean room, neat concierge, round-the-clock video surveillance, the ability to leave a stroller or bicycle and not be afraid of theft… All this makes life more pleasant and comfortable.
Roof condition
This should be of most concern to buyers of apartments on the top floors. They should carefully check the angles for leaks, go to the roof and evaluate the coverage. Usually in new buildings with a roof everything is fine.
Basement condition
The unsanitary condition of the basement is a problem of old houses: rats, cockroaches, homeless animals, and sometimes even homeless people. Of course, in an emergency, you can reduce the price by 10-15% of the cost, but are you worthy of such housing?
A new house, new clean rooms – and the soul will be calmer.
Flat
In addition to the actual cost of square meters, pricing is affected by the condition of the condo. Hundreds of thousands of bucks can be spent on home repairs due to outdated “utensils”. Why spend time and money if there is decent housing?
In the condominiums of the Commodore you will find many delicious “buns”. These are both amazing landscapes and well-thought-out communications: copper wiring, video intercom, German armoured doors, fireproof screed and finishing putty on all walls.
Heating
Winter is coming soon, windows and batteries will not be replaced until April. It is better to buy a home with a well-thought-out energy-saving heating system.
Windows
It is because of poor quality or old windows that the lion’s share of heat is lost. This is the “sin” of all old buildings, and in prefabricated houses the walls are generally icy.
That’s why saving on double-glazed windows is the last thing. All Commodore condominiums have energy-saving soundproof wooden windows and aluminum stained glass.
Plumbing
The condition of pipes and drainage systems can be a big surprise for homeowners, as it is usually impossible to detect significant problems during the inspection.
New plumbing and replaced pipes are a “plus” and additional funds. But completely new – it’s 2 “pluses”.
The length of the bathroom is important: in old houses it is not always possible to place a washing machine. In the Commodore bathrooms – from 6 m2.
Conclusions
Despite the temptation to buy housing cheaper, you should assess the prospects: family, household, life. In a new turnkey apartment in a modern house you do not have to constantly straighten something, change windows, batteries or boilers.
Maybe you will overpay, but only for the quality of life, and it’s worth it!
