All potential buyers would know exactly what they want as far as amenities are concerned when deciding on a particular property to buy. Amenities refer to the facilities or features that are within, or in close proximity to, the property in question. While it’s normal for most people to want the best of amenities when making their buying decision, it’s probably more important to focus on the amenities they really need rather than those they want. In short, decide on the amenities you must have, and those that are good-to-have but not a must-have. You can strike out the good-to-have one by one if it affects your budget. The reason for this is simple, nothing in this world is free. Property prices are always tied to amenities, so the more amenities you want within or nearby the property you eventually buy, even though you don’t really need them, the higher the price you would be expected to pay for it. If you have no budget issue to contend with, then this becomes a moot point. But for most buyers, budget is an issue, so it’s probably important to have some serious thoughts on which amenities are very important to you. For example, why would you need an Olympic-sized swimming pool when you cannot swim and are allergic to the chlorine used to disinfect it? Of course, it’s also important not to focus only on your own needs if you are buying the property for investment rather than own-stay. Here again, it’s best not to go overboard in wanting all sorts of amenities as you may not be able to rent or sell your property later on if your rental or selling price is too high. The bottomline is, some amenities may be great to have, and may even be irresistible to you. But if they stretch your budget to its breaking point, it’s time to look away, and explore a more affordable property. Buying a property in Singapore requires a huge capital outlay, so it’s no joking matter if you overstretch yourself and end up as a miserable property owner for the next 2 or 3 decades.
Popular Amenity Considerations
