Thursday, October 29, 2009

Hunting for the right house (Part 1)

This is when the things get really interesting and really exhausting.

I'll say that the interesting part for this stage is mainly due to the facts that I'm researching for the right house in a right place with the right price tag. It's not as easy as I have imagined it before I started looking for the right house. Probably due to the restrictions that I have.

Well, in my search for my new house, I have several limitations and requirements that need to be met. By the way, I'm a Malay, Muslim and a married man with two lovely daughters (as of writing this blog). And our family lives together with my parents-in-law. The things that I need to consider are as below:

1) Very near to a mosque (walking distance preferred), as my father-in-law will need to go for Friday's prayer each week.
2) The house needs to be very near to a Surau as well (walking distance preferred), since my father-in-law will likely be attending the prayers in the Surau .
3) Kindergarten and Primary school must be very near (walking distance preferred) for my daughters.
4) Acceptable location and traveling time to me and my wife's offices.
5) Good community, well I'm a Malay, hence I prone to live in a Malay community area.
6) Must be near to specialist hospital - for ease of traveling if my family members especially my children need to be hospitalized. (Preferably within 5-10 Km)
7) Must be near a hypermarket for groceries shopping. (Preferably within 5-10 Km)
8) Must be very near to a grocery shop for express grocery shopping if needed. (Preferably walking distance)
9) Near to highway access. (Preferably within 5 Km)
10) In a location that I can expect a good (higher is better) annual increment in the property value.
11) Last but not least .... the price must be right!

From the above reasons, you can see that almost all of the requirements relate to location. I think that is the reason all the real estate gurus said that when you want to invest in buying a property, the things that you should consider are LOCATION, LOCATION and LOCATION, everything else just doesn't matter.

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