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First time homebuyer trying to build real estate investment portfolio, aside from the following, anything else I should take note of?
1. Visit site & neighborhood to check the surrounding amenities & customer flows, e.g. public transport, shopping malls, eateries, clinic, etc
2. Past transactions in the neighborhood to get the median transaction price, to ensure I am not overpaying
3. Whats the target renters, e.g. white collar, blue collar, students, family etc?
4. Whats the median rental in the neighborhood?
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Beyond comparing the market median price, buyers should assess the developer's reputation, past project quality, and workmanship. It is equally important to factor in the total cost of ownership after Vacant Possession (VP), including expenses such as the Memorandum of Transfer (MOT), renovation costs, and any other associated expenditures. Read More
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