So, you decided to move to Hong Kong? That’s a great idea! Moving to Hong Kong may be one of the best ideas you have ever had. It is a big bustling city filled with business opportunities. However, it may be hard to acclimatize to a totally new situation. You do not know how the housing market works here and that is why you need to do your research on that prior to the move. In addition, you also need to know what you need to check out when buying your first home in Hong Kong. There are some things that may go wrong if you are inexperienced. That is just the reason why we have created this article! A checklist for first time home buyers in Hong Kong. If that fits your description, read on!
First time home buyers in Hong Kong – what’s to know?
Before you start considering buying a home in Hong Kong, you need to know that it is expensive. A lot. So, make sure that you have already determined your budget before deciding to actually buy a home.
In addition, most “affordable” Hong Kong apartments are really small, so be ready to downsize. One way you can help increase your budget is to have a garage sale. This way you will earn some money while selling your items, and also downsize so you can fit everything you own in your new Hong Kong apartment. You can also start looking for a storage unit Hong Kong if you really do not want to get rid of any of that stuff. With all that said, let’s see what you need to keep in mind when buying an apartment.
Check if everything is working properly
This is a very important step in the process of buying a home. You need to check every single little detail before you actually sign the deal. Check the electricity, check the heating, check the appliances. You should also check if the windows are good enough to keep the cold in during summer and keep the cold out during the winter. If something is missing or broken, instantly talk to the owner and get them to fix it before buying. It is no use buying an apartment that you are going to have to fix as soon as you get there. You will be able to strike out a deal with most sellers that the price is not going to be changed after the fixes as it is expected for an apartment to have all that. That is why we have mentioned that you should never sign anything before checking everything out.
To sum up, you need to be ready to pay big bucks if you want a regular-sized apartment in Hong Kong. In addition, you need to check if everything is working properly before signing the deal. It is not easy for first time home buyers in Hong Kong right now, but with good tips and guidelines, you will get through anything! Good luck with your move!