Budget
This should be your top concern. Live within your means. Find out what you want to get. If you get an apartment, you will have to deal with monthly rental rates while bearing in mind that the house will never be yours. Getting an apartment is cheaper and is good for those with tight budgetary constraints. However, if it can be afforded, investing on your own property is a better option. Monthly payments will come to fruition in time when you finally get to own the house after completing your dues.
Location
Apartments in prime areas generally have higher rates. For the same amount, an apartment in a prime area may only be a small single-storey unit while it can already be a big two-storey unit in another location. Consider also proximity of the apartment to your office. How many hours will be your travel time? The money you save on cheap rental rates may be wasted on gas and other transportation fees if your house is located far from your office. Not only that, but you could also be wasting precious time at home with your family if travel time is too long.
Structure
An apartment need not be newly built but at least it should be in very good condition. Examine the walls, ceilings, floors, toilet, bedrooms and other key areas. Are there leaks in the pipes? Are the wall paints starting to chip off? Is water coming in when it is raining? Ask the owner regarding maintenance and repairs. Some owners are willing to shoulder such expenses.
Environment
Be it in a prime location or not, always consider the environment. How safe is it to live in that apartment? If you have children, is the neighborhood safe for them? You can talk to your would-be neighbors first and they might share with you their personal stories in living in that vicinity. Also check proximity to a police station, bank, grocery, mall, hospital and school. In case of any emergency, how reachable are these outlets from the apartment?
Last but not the least, trust your gut feel. Sometimes, it is just unexplainable but upon seeing an apartment unit, you just know you want to live there. But just the same, weigh carefully the pros and cons before you finally sign the leasing contract.
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