Tips For Finding An Affordable One Bedroom Apartment

Discussion in 'General Property Investment Discussion' started by Graana, Mar 5, 2018.

  1. Graana

    Graana New Member


    House hunting sounds like a tiring task?

    Not if you know ‘what to look for and where to look for it!

    A ‘high price tag’ stigma, is often attached to the world of real estate. We believe, the problem lies with the consumer's lack of efficient planning and not the real estate.

    Here’s how you can make HOUSE HUNTING like “a walk in the park”?

    The first basic tip is to list of your needs (necessity) and wants (wish) and make sure to document it on a piece of paper or your laptop, to subtract confusions and bring more clarity to your thoughts.

    Once you’ve done that, the next tip is to prioritize that the lists are according to your requirements. In the case of affordability, the category for the list of needs should always be a higher priority in comparison to the list of wants. Affordable one bedroom apartment is exactly what mostly unmarried individuals, newly married or people willing to open a small workstation.
  2. realdeals

    realdeals Member

    One bedroom apartments can be a great way to climb onto the property ladder - however, you still need to ensure that you do not over stretch your finances otherwise you could be stuck in a nightmare situation for many years.
  3. Graana

    Graana New Member

    You are absolutely right, once you don't manage your financial situation you will be stuck in paying thousands of dollars for a single bedroom and won't be able to do any savings!
  4. diyhelp

    diyhelp Active Member

    Always leave some "financial headroom" when investing in property to ensure you can cope with unforseen circumstances/bills in the future. Stretching yourself to the financial limit of your resources does not make sense in my book.
  5. nmb

    nmb Well-Known Member

    Anyone investing into property in the current low interest rate environment should factor in mortgage rate increases of say 2 percentage points to stress test their finances and ability to cover their mortgage payments. This is probably being over cautious but I would rather be cautious than gung-ho!
  6. Amanda Gray

    Amanda Gray New Member

    Before rent a room, consider the most important factor I.e Location. Selection of right location has great impact on price tag of property. Moreover, keep some financial backup in case any thing goes wrong. You can also check the number utilities that are available to you. These day new modern cities are evolving with much more convince to its resident. These cities have change the vision of modern cities. But still there more areas that cover simple real estate style

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