5 Most Important Tips For Buying An Apartment

As a beginner, you probably don't know where to start when buying your first apartment. Today, let Compass gives you 5 most important tips you need before hunting for apartment.

1. Plan Your Budget

When it comes to buying a property, everyone knows the golden rule: don't buy more than you can afford. However, each buyer's definition of "affordable" will be different. Before buying you should gather more information about the actual price, down payment, monthly payment, tax payment, etc. At least, you know how to get your money ready on where to spend and where not to spend.

2. Choosing Location

Location! Normally, apartment are located downtown, mid-city, and business district. If you're reading this, you probably have a picture in mind on living in a cosy apartment near essential places within a walking distance. Wherever you choose, you would better look at the border line of each area. Even just the same building across the street can cost differently from the other side because of the area or district border.

3. Deciding Your Ideal Space And Layout

What is your ideal space? Studio room, 1 bedroom with a separate kitchen, 2 bedrooms to share with a friend, or 3 bedrooms for a whole family? Different sizes vary different prices. While you choose the layout you want, compare it with the amenities it provides, and then compare it with other apartment to see if it is worth the price.

4. Hire An Agent To Help You

Buying an apartment can take a whole lot of process and messes. To avoid unnecessary headache, why not hire someone professional to help you throughout the process. Here at Compass Real Estate, we have many professional agents to assist you and they are online 24/7 for any consultation.

5. Read Everything Before Closing The Deal

As you should already know, reading and understanding the document and the process before signing it is a must. Problems and conflicts usually occur when you agree to sign on to something that you don't understand. If you have any problem understanding, you can contact Compass Real Estate for consultation and assistance. Even for language barrier, it should not be an issue anymore as Compass Real Estate provides service in Cambodian, English and Chinese.

Source: Compass Original