have clear goals when purchasing. Understanding where you fit in as a property buyer will help you purchase property based on what is most important to you.
Here are the 3 types of property buyers:
House buyer. Are you more concerned about the look and the feel of the property? Does a pretty façade attract you regardless of the type of property location? A house buyer is focused on how property looks to his liking.
Location buyer. This type of buyer may be willing to compromise on the looks for as long as the property is located in a favourable location, accessible to major amenities that meet their needs.
Price buyer. If you are more concerned about how much the property costs regardless of the look and location, then you are a price buyer. A price buyer is more concerned about aligning the property with their budget.
Most property buyers may be any mix of the three, but you should be able to identify which is most important to you. This helps you avoid any risks and regrets when purchasing.
Read more about this on the Property Observer website.