Common Regrets Homebuyers Have

What is the most typical factor to think about while buying a house?

Everyone will think that location is the only important thing. and that is completely accurate. Because of this, every property advertisement will always state whether a home is close to a highway, a school, an MRT station, etc.

But Location is not the only factor 

What else should you consider before making a decision, except location? Common inspections can involve making sure the home is free of flaws and learning the upkeep costs up front so you can budget.

But there are also a lot of other, less visible things to watch out for. Here are a few decisions that homeowners now regret making when they purchased their homes:

1.  Not Figuring Out How Much House You Can Afford

If you don't know how much house you can afford, you might waste your time looking at houses you can't afford. An ideal scenario for a first-time home buyer is to purchase a home and obtain a mortgage with a stress-free monthly payment schedule.

Sometimes, it is a good thing to looking for lower price houses, not only looking for kuala lumpur properties. So can afford the mortgage every month, and it is much easier.

2. Forgetting to check if there is mobile service in the neighbourhood

The mobile service might be worse when residential projects spread farther from heavily populated regions.

Although you will have broadband Internet at home, it can be incredibly annoying if you immediately leave the house and encounter poor 4G coverage.

3. Dont fully trust an agent or developers

Developers frequently work with banks to offer mortgages when you purchase a property from them. The developers are thought to have secured better terms from the joint bank, although this isn't always the case.

Don't always aim for the longest loan term, though. Although adjusting the duration lowers your monthly repayments, you might find that it has little to no effect on your cash flow.

4. Ask seller to repair something

When purchasing a resale home, existing fixtures like lighting, fans, kitchen cabinetry, water heaters, and air conditioning are typically included. Depending on their age, they can show significant wear and tear.Loose tiles, rotting wood door frames, dark grout, and damaged walls are some other things that could need to be fixed.

You should not worry about the existing objects if you plan to completely renovate the space and install new cabinets and appliances.

It's not a good idea to urge the seller to make repairs before handing over the house if there are items you wish to maintain, like the air conditioning.

The reason is that most sellers will employ the least expensive methods and compromise on quality in order to meet your needs. In the end, the fix might not hold, and you'll have to pay to replace it anyhow.

5. Not taking advantages of the first-time home buyer programs

The government has taken numerous actions in recent years to ensure that first-time homebuyers benefit from favourable conditions while making their purchase.

That is covered by a number of government initiatives, including PRIMA, Rumah Mampu Milik Wilayah Persekutuan (RUMAWIP), the Home Ownership Campaign (HOC), and numerous others.