Advantages of Buying a Second Home

Advantages of Buying a Second Home

As a child, you certainly did not deny the thought of being in your own house when you were an adult, complete with all the furniture. At some point, the need to own a house inevitably becomes “very” primary on your list of needs that you have to fill. Especially for those of you who are married, the legs at home are certainly a life satisfaction. Apart from taking shelter, growing and doing activities, the house can be a social tool. The social tool here means that the house becomes part of the residents to interact with their environment. More than that, sometimes the house becomes a form of prestige for the residents in the vicinity.

Housing needs for young families can indeed be met by renting or living with in-laws. But this method is only temporary and, you can bet, it is not always comfortable to live. Apart from being limited by the interests of other people, in this case the owner of the house or your family you are traveling with, the availability of your money that must be used to pay for rent is not always there. In the end the money spent did not return in the form expected. The house is still only a dream.

You don’t forget this one. One way to get a house apart from buying a new house is to buy a second house. As mentioned in the preface, a second house can mean a house that has been used by the previous occupant or a new house that is not occupied.

The purpose of buying a second home is not just for family living. There is a possibility that the purpose of the purchase was for investment not used as a place to live. For investment or not, consider the purchase of this building must be extra careful. Do not regret in future.

Looking at the purchase of a new home and a second home, there are several differences in advantages and disadvantages that need to be underlined, including the following:

The advantages of a new house

  • The building blocks can be identified and all new materials.
  • Design, building shape and budget are free to choose as you wish based on the options offered.
  • It only requires a little finishing and maintenance costs in the early days for the beauty and strength of the building.
  • Easier to care for.
  • New and up to date building designs.
  • The design of a cluster system environment (layout system for groups / areas within 1 main door) with advantages in terms of security has become common and common.
  • Environmental facilities are also new and there are no problems.
  • Easier to take care of purchases, only to the developer and the bank. or buy directly from the seller (individual) in cash.
  • The investment value is good, because it is expected that after the area develops, the value of land and buildings will also be raised.

The downside of the new house

  • The location tends to be away from existing activity centers. The form of occupancy distribution in new houses is usually further away from the center because the land / land in the city center is fully used and is getting more expensive, except for vertical housing types such as apartments and flat. Another purpose behind its placement away from the city center is because the developer wants to form a new activity center, outside the existing one.
  • The building is not yet established and may only be based on the image from the brochure as an illustration.
  • New environments are sometimes unformed and take a long time to become truly “alive”. Housing public facilities such as sport clubs or commercial areas are not necessarily established.
  • Tax is relatively more expensive than the old house.
  • The investment risk is greater than that of second homes in which the area is relatively well-developed and established. if the developer is highly committed to developing the internal area and the area around the built-in land then this risk is minimized.
  • The residents need longer time to adapt because the social system and facilities are not running normally.

What’s wrong with the second house?

The second home market is always available due to the dynamic movement of nomadic people. Most families or someone moves from their first house because of:

  • The need for space increases as the number of family members increases so that they have to find a bigger house.
  • Change job;
  • Pursuing better feng shui
  • Status and privacy issues.

The weaknesses and advantages that are attached to second-hand houses compared to ‘new’ houses include the following:

The advantages of second homes

  • The building is standing so you can see its true shape and quality.
  • The social environment has been formed such as neighbors, social control, security systems, educational facilities, health facilities, places of worship, and other facilities.
  • Regional infrastructure is already in operation, such as roads, parks, Iustrikes and water.
  • Prices for buildings and houses are negotiable, especially if the old owner is in need of money.
  • The building can be occupied immediately after the purchase transaction is completed.
  • Taxes are relatively cheaper than new homes.
  • Little investment risk because the environment is well established.
  • You are quicker to adapt because all the facilities are there.

Weakness of second house

  • Not many choices. Unlike new housing areas that are currently being built and on average have various types of options, types, locations and selling prices, the second-hand housing market appears unplanned and only houses are offered for sale.
  • what you can buy. So your choices are indeed limited to the houses offered on the market.
  • Building materials and quality are unknown and there is a high probability that you will incur large costs for repairs and maintenance at the beginning of your purchase.
  • Building designs are sometimes out of date.
  • The shape of the building is permanent so if you think it is not suitable, you have to carry out renovations to change it.
  • The strength of house construction if it has been over 20 years has decreased and is difficult to partially renovate. Better to choose The type of total renovation, aka demolished and just built.
  • The building value depreciates (decreases) over 20 years.
  • Taking care of the purchase is a little more complicated than a new house because you have to check the land and building certificates, free from disputes from the old owner, land status and others.

So both options have their own pros and cons. Now it depends on your needs, do you choose to buy a second-hand house or a new house? The most interesting point of the second house is the environment that has been finished or formed. This provides a lot of convenience for the occupying family. With the school facilities, supermarkets, small shops near the house that are scattered around and the residential environment has been fulfilled, the atmosphere of community life can be felt. This certainly takes a long time to get if you buy a new house in a new neighborhood or housing that has just been built as well. Imagine if your house is new, standing on a large plot of land without neighbors or just surrounded by empty houses lined up uninhabited, the situation is of course unpleasant, especially at night. So you can be sure that the main strength of second homes lies in buying a ready-made environment. This should be the basis for the consideration of finding a second home. But be careful too, don’t get enough money to buy a new house to buy a second house that is of bad quality, just because you made the wrong choice. In the next chapter, guidelines will be explained so that you do not mistake a residential building as a target for the future for you and your family.

Tips : Houses and land should be avoided

  • The house number is unlucky or bad. This may sound trivial and you happen to disbelieve myths. However, this can lead to difficult home sales later on. Even if you don’t believe it, there are other people who do. The unlucky numbers for believers are 4 and 13. Four, which is pronounced shi in Chinese, is pronounced as shi, which means death.
  • A house with a bad history or a bloody incident in it.
  • The lowest house in the area. In principle, because the water collects at the lowest point, it will open the possibility of the worst flooding or stagnant water in the house in question.
  • Houses under embankments / higher area boundaries. In some contoured locations, housing 1 is higher than housing 2 and is bounded by embankments or housing boundaries. If there is a flood and water flows through housing 1 to housing 2, then the house closest to the boundary of the embankment will be hit by water and will suffer more serious damage.
  • Houses facing west. If possible choose the house facing north, as the first option, second south and lastly east. The house facing west is exposed to the sun’s heat longer and is more intense, so it disturbs the comfort of the occupants.
  • The house is lower than the road. Potential water flows into the house.
  • Houses under high voltage power lines. The electric voltage results in an electrosmog area around it. Elektrosmog is a term used to describe electromagnetic pollution caused by electric and / or magnetic fields. Elektrosmog This can affect health, because it can damage the smallest tissues of the human body.
  • Houses on sandy land, on swamps, and Iiat land. For some people, sandy soil has bad fengshul value. In principle, the nature of sand is easily dispersed, susceptible to erosion and lack of attachment between objects, making the buildings above it easy to crack and prone to collapse. Good soil is visible from its density when stepped on, fertile, smells fresh so you feel comfortable and safe when you are on it.