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Know thy needs and you are closer to getting your ideal dream home.
Think about what kind of house you want:
Single family Independent
A free-standing home which sits on its own lot and is occupied by only one family.
Highrise Flats
Multi-story residential building containing individual housing units, Usually groups of 16, 24 et c with common or allotted parking and common shared facilities.
Duplex
Two units, one above the other. The owner may live in one unit and rent the other.
New or Resale
There are advantages and disadvantages to both new and resale homes. Here are some of the characteristics of both that may help you make your choice.
New Home
Advantages:
- You may be able to upgrade or choose certain items such as minor structural changes, finish materials like painting, flooring, cabinets, plumbing and electrical fixtures.
- The latest building code, electrical and energy-efficiency standards will apply. A builder warranty is usually available (depending on region and builder). This can be important if a major system, such as plumbing or electricity, breaks down.
- Unless you are a builder, warranties do not apply to homes you build yourself.
- There may also be incentives provided by the state for certain localities and one should consult local authorities in this regard.
Disadvantages:
- Neighborhood amenities, like schools or shopping, may not be complete if the house is in a new development area.
- There may be construction noise and traffic.
- There may be little to no landscaping or trees.
- The % Registration charges apply to new housing. (not complete - To be completed with full details and particulars)
When purchasing a new home, make sure you ask your builder for a Homeowner's Manual if any. Customized for your home, the
Homeowner's Manual is your permanent reference tool that provides practical tips and instructions for the upkeep of every aspect of your home as well as warranty information and a maintenance calendar.
Resale
Home
Advantages:
- It will probably be in an established neighbourhood.
- Landscaping is usually done and fencing installed.
- It will probably have shops and all other amenities in the near
vicinity.
Disadvantages:
- Maintenance costs will likely be higher than for a new house.
- You may require a professional home inspector to check for
structural or other problems.
- You may need to redecorate, or even renovate.
The Homeowner's Inspection Checklist is a practical, easy-to-follow guide that will assist you in identifying symptoms, causes and cures to common household problems.
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