The first step is to determine your goals in buying or selling a property. Do you want to live in it, rent it out, or sell it later? Are you looking for short-term or long-term investment? Do you want passive or active income from the property?
Your goals will determine the criteria for the property you are looking for or offering. For example, if you want to buy a property to live in, consider factors such as:
- Location: Choose a strategic location, easily accessible, close to public facilities, and suitable for your lifestyle.
- Size: Adjust the property size to the number of family members, space needs, and your budget.
- Design: Select a property with an attractive, functional, and ergonomic design.
- Facilities: Check if the property has adequate facilities such as electricity, water, drainage, security, parking, and more.
If you want to buy a property to rent out or sell later, consider factors such as:
- Price: Compare property prices with similar properties in the same or nearby location. Avoid buying too high or selling too low.
- Condition: Check the physical condition of the property, whether it’s habitable, needs renovation, or even demolition. If renovation is necessary, calculate the required costs and compare them with potential profits.