Property Investment 101: Here are 6 good reasons to buy a property, if these are your reasons too

Property Investment 101: Here are 6 good reasons to buy a property, if these are your reasons too

My blog tells you very clearly I am passionate about property investment. However, I am very much against buying any property because someone famous or popular tells us too. Sorry, that’s very scary! How could we pay many hundreds of thousands for a property because of the words people say? Especially if these people may profit from us buying that property in the form of commissions from the property developer? So, what are some of the reasons to buy a property? Below are some of the reasons. If many of them matched what you need, then you may consider buying that property yeah.

#1 – Valid Reasons Please

Valid reason can even be the fact that you like to stay close to your in-laws but you do not want to stay in the same house with them and thus you are buying a property just a few minutes away from them. This is a very valid reason! It can also be the property price is 25-30 percent below the market and you got to know about it because the seller is your neighbor who’s moving back to his home country. So, as long as we have valid reasons to buy, then the property is definitely a buy. Beyond valid reasons, below are all the other potential reasons. More ticks means more valid yeah

#2 – Easy to rent out the unit

Buy EASY to rent out areas (Find proven ones please). Most of the time, property sites would already provide all these information. Look at those which has good rental versus those which do not. Today, if we were to buy a unit and we only found out nobody likes to rent that area, it is definitely our mistake. If we want to rent out to university students, of course it has to be within walking distance or even with public transport directly to the university. If we are thinking of renting to a family, then of course it should be a mature neighborhood with all the amenities for the family.

#3 – LRT / MRT nearby (must be within 6 minutes)

I am someone who sweats easily. So, even though some say up to 8 minutes walking is fine, I reduce this to just 6 minutes. If the unit you want is a unit which is nearby LRT & MRT, then make sure it’s really just 6 minutes away. This ensures you get to enjoy it versus sweating like crazy when you arrive at the station. In the future, when you sell, you can even show the potential buyer that it’s really just 6 minutes! Please do not look at just the distance yeah. This is because it could be 800m of flat road or 500m of climbing staircases… I am sure you know which is better right?

#4 Malls please (established regional malls please)

I do not believe in new malls nowadays unless this new mall is operated by the developers themselves and the developer has experience managing malls. Let’s understand that established brands also follow successful mall operators. Thus, an experienced operator will be able to start with many brands versus trying to attract brands to open stores in the new mall. In fact cinemas are no longer a great anchor to malls because they are also struggling themselves too.

So, if we love the mall and the property is nearby or even on top of the mall, then perhaps this is the property we are looking for. Sometimes, convenience plays a super important role for some households. A property with easy accessibility to malls is always welcomed by many buyers.

#5 Private hospitals, maybe?

My wife gave birth to my baby son in Parkcity Medical Centre. It’s not as famous as some other private hospitals during that time (9 years ago) but it’s modern, parking is easy and it’s just 8km away from my home which is a huge plus point if there were emergencies. At that time, I could park anywhere as the car park is always nearly empty.

These days, the hospital parking is always full. Besides having the accessibility, these private hospitals are usually built in places where the population around the hospital is already mature. Or they know the population is going to grow tremendously. In other words, they have done their research, your new place is safe.

#6 Mature neighborhoods with lots of amenities

It’s not easy to buy further away from the city centre even if the price is cheaper and the potential capital appreciation is there. It’s an easier choice to buy into mature neighborhoods with lot of amenities. This is usually easily accepted by future buyers too because it has everything they need and all of them are usually nearby too. More often than not, these areas would appreciate first because there are new demand but the supply is already limited because there are no new land parcels to buy new properties.

So, here are the 6 reasons for that property you are considering. There are no ends yeah, a lot more to think about too but here’s the 6. Happy viewing yeah.

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