Investment Worth ConsiderInveing

Second, look at the facilities available, in terms of either type or size. Facilities that should be given more attention include sports facilities, restaurants and cafes, swimming pool, parking area, garden, lifts and generators for emergency purposes. Remember that it is not enough that these facilities are available — also take into account their size, area and quantity.

Third, the reputation of the developer. A noted developer with a good construction track record has more credibility. Likewise, the experience of a developer is also reflected in the quality of the apartment, particularly with respect to rooms like the bathroom, toilet and kitchen.

Fourth, the area of the apartment itself. Tenants often prefer two- to three-bedroom apartments for a family. So, reconsider any intention to buy a one-bedroom apartment or a studio apartment.

Fifth, an apartment’s property management is responsible for the maintenance of facilities for occupants and their guests. The upkeep and durability of equipment used by tenants, cleanliness, security and comfort on the premises will be determined by the quality of the property’s management. Keep in mind that the reputation of the property management is also important and should be looked into. Make sure the property is managed by a reputable company, such as Mercure, Aston, etc.

Sixth, the amount of money needed to be invested in the property. Make sure that you have enough money not only to purchase the apartment but also to buy everything for the interior that suits your taste. Find out what the developer supplies, such as kitchen set, stove or air-conditioning so that you know how much you will have to spend overall.

Last but not least, make sure that the developer has the necessary documents for the construction of the apartment building, for example a permit stating that an apartment building may be erected in a particular location, a block plan, a preliminary permit, a building permit, a land certificate as well as papers proving the developer has financing for the construction. Make sure that you buy only an apartment with a clear land status as otherwise you could end up with problems further down the line. (Burhan Abe)

The Jakarta Post, February 05, 2008

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