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Investment First property buyer - need some advice

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woolei
post Jun 2 2023, 01:14 PM

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QUOTE(coconutxyz @ May 29 2023, 07:54 PM)
Hi Sifu,

I am considering purchasing my first property for investment and am looking at the livista nearby my current house, as it looks quite convenient.

I am currently staying with parents so this will be for either appreciation (unlikely I guess) or mainly rental. I didn't pay attention or am well verse to the property market tbh, so would need some advice.

There are 2 choices now,

690 sqf - 2 bedroom 1 bathroom 1 carpark
1036 sqf - 3 bedroom 2 bathroom 2 carpark

As it is mainly for rental I am not too sure which has a higher occupancy rate, and what is the demographic for each size or which sqf is preferable for most tenant. Or possibly this location is less than ideal for rental due to other reason.

Thanks!
*
you may want to consider who will be the next buyer that willing take over your property too, dont just focus rental only.


690 sqf - 2 bedroom 1 bathroom 1 carpark -> this type very easily rentout with no doubt, most of the single/young couple will choose for renting, but potential next buyer mostly gonna be investor, for ownstay buyer they would prefer 3 room layout.

1036 sqf - 3 bedroom 2 bathroom 2 carpark ->this type is more flexible, you can rent out by room/whole unit/make extra room, and potential next buyer would be investor/ownstay, because the room/layout is practical. and you can consider make it your ownstay unit in future when got a family. win win.

 

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