Looking for a new place? Here are some factors to assist you in making the right decision.
Getting your own place is a major life decision because many important factors are to be considered while taking the right move. Some people who plan on living in a place for long-term purposes would prefer to buy their own property but people who have plans of moving to another destination, it’ll be preferable for them to rent it out. However, buying or renting a property is totally a matter of personal preference and affordability. Here are some of the factors which are considered while making this decision.
It is one of the most important questions as you need to find a place which is perfect for your family. The questions which should be answered here are: Can your family fit into one bedroom, two bedroom or three-bedroom house? Do your kids need a lawn or a backyard? Would you prefer having a balcony?
Most people are looking for properties which are easily accessible to the commercial areas. A place which is closer to schools, hospitals, grocery stores etc. In Dubai, high preference is given to locations with ease of getting on highway or metro station as well because it reduces their commute time.
Convenience of payment
People looking to buy property are looking for different ways to make payments in a convenient way. Some buyers go with cash payment while others go for mortgage therefore it completely depends on the affordability and eligibility of the buyer. On the other hand, people looking for rental options have the option to go for yearly or monthly contracts. Both parties, landlords and tenants have now understood the importance of yearly contracts due to their nature of stability of rent and assurance for a year.
The feature you always wanted
A major factor in choosing a property is when the buyer finds one feature that they always wanted in their home. It may include be a swimming pool, a study area, an amazing view from the property, a backyard or any other feature which they may have always dreamed of having in their own house.