What is the total cost, including legal and statutory fees?Don’t focus only on the advertised property price. Ask for the complete cost of acquisition, including legal fees, documentation, survey, development or service charges, allocation fees, government charges, and any other applicable statutory fees. This helps you know exactly how much you need to budget
Is there a flexible payment plan?Ask whether the developer or seller offers a payment plan and understand the deposit, instalment structure, duration, and payment deadlines. A flexible plan can make it easier to acquire property without putting unnecessary pressure on your finances.
How much is required as a deposit?Find out the exact amount required to secure the property and what the deposit represents. Also ask whether the deposit is refundable or transferable under specific circumstances and request the terms in writing before making payment.
What is the expected return on investment?The answer depends on the location, property type, demand, rental market, holding period, and investment strategy. Ask for realistic projections and supporting information rather than relying solely on promises of guaranteed returns. Property appreciation and rental income are not guaranteed.
How fast can the property appreciate?There is no fixed timeframe for property appreciation. Factors such as infrastructure development, population growth, accessibility, commercial activity, demand, and surrounding developments can influence future value. A smart buyer should examine the location’s fundamentals rather than buying solely because someone predicts a specific percentage increase
