Need a new flat

China
January 4, 2010 7:06pm CST
Many times i've been thinking about what the real life is. Accept college education, find a well-paid job and own a happy family. That's the way we go. And now what i've got to do is buy a new flat and get ready to provide my second baby a better place to live. My flat i'm living now is not big enough. It's hard to afford such a flat with three rooms. Thinking back, i've found out i'm always on the way to making money, buying a flat, paying the loan. My family look happy. Living in the city I feel the heavy burden sometimes, though. Maybe I am not that successful. Hope i can achieve this goal of getting a new flat even though it means a big debt. At least right now i'm doing something good for my family, my babies in particular. Do you have the same experience as mine and ever feel confused?
1 response
• Malaysia
5 Jan 10
Why don't you buy a landed house? You can get cheap landed house if you search carefully through the internet. Moreover, you already have babies so I really think a flat is not suitable for babies to grow. Safety issue is the main worry for me because you know how flat is, unless you live on the ground floor there will always be a possibility for your child to fall down and get injured. Accidents can happen. Why not you browse for auction houses? The houses are very cheap, and if you do your search well, you can find a big landed house with cheap price.
• China
5 Jan 10
Thanks for your advice. I'e never taken safety into acount.But here, buying a house is far more expensive. So , that's what i'm gonna do in the future, not now. Anyway, i have to care more about my babies' safety issue. Thanks.
• Malaysia
5 Jan 10
You welcome, :) I have some ideas to share and maybe you could use some if you want. :) First scenario, Buying a new flat from developer is always cheaper than buying from an owner, unless the owner desperately wants quick money and decided to sell below market price. Second scenario. Buying an auction flat is always cheaper than buying a new flat directly from the developer. Third scenario. Buying an auction landed house is usually cheaper than buying a new flat from developer. Fourth scenario. You can make a search by visiting to a completed housing area where people are actually living there, and search for unsold units. Make the enquiry straight to the developer and ask whether they are willing to offer a reduced price since nobody wanted to buy the unit before you. Fifth scenario. Compare the price of a new flat and a new house. Sometimes a better accommodated flat is more expensive than a decent, moderately costed landed property. Sixth scenario. Flat has a due date. House does not have a due date. It means, when you purchase a flat you don't get permanent ownership to it. This is because a flat ownership is based on a mortgaged contract. You can't hand over the flat to your child without having to sign certain papers and pay a certain amount of money. Over time, a flat's stability is reducing due to wear and tear. When you buy a house, you get a permanent ownership and you are the soul owner of it until forever. If there are any damages, you can renovate it without affecting other people. 7th scenario. You can always purchase a flat for investment purposes. You don't live there, you only collect money from it. I hope it helps. Have a nice day!