Purchasing a house is never an easy affair and generally involves mobilizing at least a part of your life savings.
That means if you are not careful, you may end up with a sub-par property.
Moreover, the construction quality of the house, as well as the potential returns, will be impacted as well.
A background check is one of the most important steps before deciding on a property.
A lot of first house buyer don’t know what questions to ask real estate agent when viewing a house.
Below we will share with you on what 27 basic information you need to know when you purchase your house.
1.Who is the Developer?
The first factor is invariably the developer you zero in on. It is always better to go for reputable developers with a good track record.
In that way, you are likely to get quality houses that are also built in time with minimum delay.
If you are a first time home buyer, it is all the more important to go with a trustworthy developer. Otherwise, you may also have to face the consequences of engaging with a sub-par developer
2. What is the Land Title?
It is very important to determine the land title too, well before you decide on the property. The returns or benefits from the property will also depend on it. So you have to be very sure whether it is a fully commercial one or a residential title? Is the commercial title under Housing Development Act (HDA) cover.
If you are a first-time buyer, it always makes sense to go for a residential title or a commercial title that are under the cover of the Housing Development Act. It takes care of the buyer’s right in the most meaningful way and also protects them from potential fraud.
3. When Will This Project be Completed?
If you are planning to buy on a property, it is very important to know when is the project completion date. So you can plan when to move in to your new house and also the renovation budget.
Under HDA act, high rise building which is under schedule H need to be completed within 36 months while landed property under schedule G need to be completed within 24 months from the SPA signing date.
Developers who are not able to stick to the deadline have to pay a penalty. It is generally at a 10% per annum rate charged on a day to day basis for the period of total delay.
4. Total Acre of the Project Size?
The developer will clearly states the property size in the sale deed.
Total acre size will let you know total how big is the building land area.
So you can calculate how high density is the building by dividing the total number of units by the acre size.
Normally commercial title units are allowed to have higher density while residential units will be lower density
5. Total How Many Blocks?
Once you know the details of the number of blocks, you get a better idea about how high density a project it is.
If the blocks are much lesser than you assumed, you must check the layout. It is important to ascertain the positioning, whether these are parallel or horizontal to each other.
If the blocks are too close, this can impact the privacy element. Moreover, the view might be different from the different blocks.
Some might be pointing towards the garden while the others could be facing other blocks. It is important to decide your pick.
Convenience is crucial too. Find out which blocks are closer to the swimming pool or parking and where you need to walk more. Take all these elements into consideration before finalizing any of the houses.
6. Total Building Height?
The building height is another crucial factor to consider.
In case of a condo, the units that are higher are also more expensive. They have some obvious advantages like better view, scenic surroundings, well ventilated and have greater privacy.
You need to strike a balance between your budget and these facilities and decide what works best for you.
Also, avoid floors that have the facilities like the break tank. This will give you greater privacy and cut out the unnecessary disturbance.
Choose units and floors after taking all these elements into consideration.
7. The Project Total Got How Many Units?
Check for the total units in this project. That will give you a fair idea of the relative density of the building and the number of residents who will be staying there.
After all, you will be sharing the common facilities with all of these people.
This will directly impact your convenience and comfort
8. How Many Units Per Floor?
When you are looking for information on a particular house, also make sure you check the number of units per floor.
If you are looking for absolute privacy, it makes sense to choose houses with lesser units per floor.
Besides, You must also check where are the lifts and the disposal room located, normally these areas will be more people passing through.
If there is any difference in the pricing when you choose a corner lot or a middle lot.
You can always weigh the alternatives and take a call.
9. Understand the Surrounding
Are there any high tension station, factory, empty land, grave nearby?
You may like a house and its overall plan a lot. But do not just let that be the only consideration. Check the surroundings of the area too.
How is the locality around the building you decide on. It is possible that the appreciation can be muted if there is a grave or empty land or even a factory building nearby. Carefully calibrate every factor, before deciding on a specific property.
10. How Many Parking Lot Per Unit?
Check the availability of parking per unit. Is it a tandem parking or do you have side by side parking? Carefully check the parking area, the approach and ease of takings cars in and out of the area.
The house might be great, but if the parking in the area is a letdown, then you may have a tough time adjusting to the new house.
11. Where is the Block Direction Facing?
The direction of the house is crucial. It often determines how comfortable it is, and also the easy inflow of sunlight and air.
Together these factors do not just make your house comfortable but also add positive vibes to your living space in a structured fashion.
12. How Many Lifts Does It Have?
Lifts, especially if you are buying a house in a high rise is crucial. But does your building have only one lift? What is the average load at any given hour and the wait time?
How many lifts is enought for the building is highly depend on how high density is the building.
Remember a lift is all about adding convenience to your stay, but it will only work if there is enough lift and at a well-regulated frequency. You wait time should never be more than few minutes.
13. What Facilities Does It Have?
Always look at maximizing your returns. One of the reason we buy a condominium is because of the facilities that it has.
So carefully consider all the features that come with each property and then compare and contrast these against each other for the best result.
14. Where is the Nearest Shopping Mall and Shops?
Convenience is crucial wherever you may decide to buy a house. You can settle for a smaller house, but if you have to compromise on the comforts, it can be a tall ask.
Therefore look for the nearest shopping malls and shops in the area and the ease of accessing these at any point of time. That will truly decide a winner from a mediocre option.
15. Is the Unit Fully Furnished, Partially Furnished or Bare Unit?
The incremental cost of a property is a crucial calculation.
Nowadays, a lot of developers offer fully or partially furnished package, so that we can move in immediately.
If you are moving into a bare house and then have to spend a significant amount setting it up, check the price of furnished units as well.
If it so happens that they come cheaper overall, it makes sense to pay a little higher initially and go for the furnished one.
Therefore, thoroughly check the details and make an informed choice. That will help you get maximum value from the investment.
16. What is the Ceiling Height?
The average ceiling height in most Malaysian homes is about 10 feet. If the ceiling height is higher, you house will have a better ventilation flow. The comfort factor in the house and the overall ventilation gets impacted.
If the ceiling height is low, your house will look smaller.
The ceiling height also has an impact on the elegancy of the house,
17. Is There a Balcony? How Big is the Balcony?
Not all units come with a balcony.
A balcony in a house is always a welcome feature.
It creates a cosy corner where you can relax and enjoy the view. It is calming, relaxing and at the same time offers you the much-needed me-time.
In many ways, it becomes your special corner in the house. If there are aged family members or little kids, the balcony can be a big bonus depending on its size.
Besides, a unit with balcony is more
18. What is the Tiles’ Size?
Bigger and brighter color tiles always make the rooms look bigger and invariably add to the brightness of the rooms.
The houses with bigger tiles ooze unique warmth, and even in terms of maintenance, this is significantly easier to maintain compared to smaller sized tiles.
19. How is the Unit Layout?
Find out there are total how many types of layout design, do not assume all units layout are the same, some projects do have few different types of unit layout
Carefully analyze the floor plan or the layout of the house that you decide to buy.
This will be one of the best ways to understand the actual size of the house, the number of rooms available and details about the toilet placement and an open deck if any.
Without the floor plan, it is always a vague concept with no clear understanding of space management.
20. Does Developer Provide Rebate?
When you are looking for the right developers and the best-priced house in your budget, do not be shy to check who offers the most compelling deals and package.
Different developers have different offers that suit their bottomline best. Some may offer free SPA, legal fee and loan stamp duty.
Legal fee and stamp duty can cost you a lot of money and the fee is
21. When Will the Rebate be Given?
If at all a rebate is being provided, the timing of it is crucial. If the rebate is during the SPA time, it will mean your downpayment can come down quite significantly.
If the rebate offering is after vacant position (VP) time, the cash rebate is meants for renovation purpose.
You can always check how it can affect your overall financing structure and the loan liabilities. That will help you get a better grip on the finances.
22. Is Public Transportation Available Here?
Accessibility and approach are crucial pre-conditions, find out where is the nearest MRT and bus station?
That is why if you like a particular house, always check the availability of the closest bus station and the nearest MRT station.
You may be driving a car, but you must also think about the convenience of the rest of the family members and those visiting you.
Moreover, there may be days when your car breaks down, or you are not in a mood to drive, your backup needs to be in place
23. How is the Traffic Condition in this Area?
Whether you worry about it or not, traffic is a major deal clincher when you are buying a house.
Who likes to battle traffic every day to reach office from home and back? What if you found a house that involves facing very little traffic? I am sure, you will grab it instantly. That is why make a realistic assessment of the traffic condition.
24. How is the Township Planning?
Buying a house is often a life-altering decision. When you decide on a specific property, it always makes sense to check the opportunities available around that area.
Look out for the schools and hospitals around the region. Check the distance of the nearest hospital in case of emergency and other similar facilities. If it is too far from your work area, you can also look out for potential job opportunity in the region.
25. How Much is the Property Price?
When you are comparing prices of various properties, do not just look at the ballpark number. It is important to break it down. Check what the price per square feet is.
Comparing the per square feet price around the region, you can figure out whether this property price is overpriced in that area.
The moment this detail is available, you can make a significantly better comparison and decide on which is a better option for you
26. How Much is the Monthly Maintenance Fee?
Do not think just the total expense of buying your house is just about what you need to pay.
We also need to find out how much is the monthly maintenance and sinking fund fee.
The maintenance fee features very prominently in this segment. So right at the beginning, it is important to check this amount. That will help you to plan the monthly outgo better.
Depend on how big is your property, the maintenance and sinking fund fee is calculated base on the squre feet size of your house.
27. How Much is Your Monthly Installment Fee?
Property is a long term investment, you must know your affordability before investing in any property. Use below Housing loan calculator to calculate how much instalment fee you need to pay every month.
The maximum tenure period of housing loan is 35 years or until aged 70 years old, depend on whichever comes first. It is important to choose a property that you can afford.
Find out this: 6 Things to Be Considered When Applying For a Home Loan
Therefore you have to carefully assess a wide extent of points before you decide on a specific property.
The problem is we may not know what to ask when buying property .
This is where we can help you with this simple list of the key information you need to find out before you buy a house.
This handy list will hold you in good stead, prepare the questions list first before you visiting the showroom.