Kingsford Hillview Peak

Posted by Steve Neeley
1
Jun 21, 2016
123 Views
Factors Which Influence the Price of a New Property

With the boom that is taking place with the new construction, there are many buyers looking to buy a completely new house where they will be the first to dwell. In addition to the many options available, you will be amazed at the variety of prices in the same community. The factors that affect the price of new houses are as follows;

The Size



Usually, the bigger the housing area is, the higher the cost will be. This is measured by square foot or meters, depending on where you live. It is not only the living space inside, but also the size and even the shape of the patio. While this is an important factor, do not think this is all influences.

Luxury Items

In some cases, you will see it as little more expensive than the big houses. So you must check the inside luxury items which are available as the standard factor i.e. already integrated into the housing and you cannot remove because they are part of the style of construction.

It may be that instead of carpets, there are expensive floors, kitchen cabinets of better quality as made of wood instead of cardboard, kitchen countertops in granite, marble or quartz and Jacuzzi and sophisticated bathroom equipment among other things.

The Location of House

A question that many are asking is why if they are on the same street, there is so much difference in price, even if they have exactly the same size and the same characteristics.



It also affects whether it is in a conservation area or the view that is in the yard or the front, or if it is located in a golf community, if you have immediate access to golf course, they all will be more expensive.

If we talk about the location, Hillview Peak is a project in Singapore which has all the amenities. 

The ‘Upgrades’

One thing are the luxury items that already come as standard on the property and you cannot remove and the other aspect is the possibility of ‘upgrades’. Many builders will put them at certain houses with the goal of making them more attractive for sale, or because they are their model homes, which make the price difference between similar houses in size and models.



Some Tips When You Go to See the New Houses


•    Ask the price of the house you like.
•    Clarify everything and do not be embarrassed to ask about all the things you see. Remember that you see it as a model.
•    Ask how much it costs to put the extras you are watching and compared. Keep in mind that some of these things represent improvements that you can make in long-term but do not greatly increase the amount of loan or the monthly mortgage payment.
Comments
avatar
Please sign in to add comment.
Advertise on APSense
This advertising space is available.
Post Your Ad Here
More Articles