When looking to purchase a new property with the intention of reselling it in the future, there are several factors to consider:
1) Location: The location of the property is one of the most important factors to consider, as it can greatly impact the resale value of the property. Properties in areas with good connectivity, infrastructure, and proximity to local amenities are generally in high demand and tend to appreciate value over time.
2) Development Potential: Properties in areas that have the potential for future development, such as those near upcoming infrastructure projects, can also be a good investment.
3) Quality of Construction: Properties that are well-constructed, with good quality materials and a strong foundation, are more likely to hold their value over time and be attractive to potential buyers.
4) Size & Layout: Properties with spacious rooms, well-designed layouts, and good natural light are generally more desirable to potential buyers.
5) Amenities: Properties with access to good quality amenities, such as a gym, swimming pool, and parks, can also be attractive to potential buyers and increase the resale value of the property.
6) Surrounding Properties: The condition and value of properties in the surrounding area can also impact the resale value of your property. Look for properties in neighbourhoods with well-maintained homes and a stable community.
7) Proximity to Schools & Hospitals: Properties located near good quality schools and hospitals can be highly sought after, particularly for families.
8) Resale Potential: Consider the demand for properties similar to yours in the local market and the overall economic conditions, as these factors can influence the resale potential of your property.
9) Homeowner Association: Consider the rules and regulations of the homeowner's association (if any) in the community, as this can impact the resale potential of the property.
10) Future expansion Plans: Keep an eye on any future expansion plans in the area, such as the construction of new highways, shopping centres, or other developments, as these can positively impact the resale value of your p