Going to buy a house

[dmsupun]

as i have heard before, "Don't put all yours eggs in one basket"

 

[ltty head]

i think no 1

I know apartment is the current trend. Reality is landprices goes up not the apartment. Because the people like to move into modern ones all the time so reality is unless its crescat or monarch rest are depreciating. . I would prefer if you go for option2.

thanks machan. something to think about. i was checking apartment prices since last couple of years and i have not seen them going down. always the prices are gone up just like the land prices, but may be i am missing something.

 

[ltty head]

Mate you will be risking your assets if you go for option 1 where as the risk in option 2 much less and worry free. Also there is no value in apartments after several years. Mark my words and check this post after 10years time.

All the very best with your investment.

thanks machan for this advice. never thought about the risks side. i was just comparing prices of apartment houses in the same area 3 years ago and today and there seem to be a significant increase. example: 20 million houses are now sold at 25 - 28 million after 3 years.

 

[ltty head]

as i have heard before, "Don't put all yours eggs in one basket"

well said machan. agree 100%

 

[jay-shan]

I know apartment is the current trend. Reality is landprices goes up not the apartment. Because the people like to move into modern ones all the time so reality is unless its crescat or monarch rest are depreciating. . I would prefer if you go for option2.

THIS

 

[jay-shan]

Don't buy a Apartment from Bamba or Wellawatta. BTW looking at your plan I think option 2 is the best option for your situation!

 

[rgamsp]

Buy the Big House use that for few months Get a Loan Build a small house for your personal use then rent the big house and pay the loan with that money you will have 2 houses

 

[ltty head]

Don't buy a Apartment from Bamba or Wellawatta. BTW looking at your plan I think option 2 is the best option for your situation!

thanks machan, any specific reason why you say dont buy at this location ?

 

[maxtalker]

Option 2

 

[pavanruka]

Dont ever buy apartment because value will never increase

Dont ever buy apartment because value will never increase


When you buy an apartment you shouldn't consider only the value of the construction. The main reasons why you should buy are the location and convenience, and the value (cost) of that goes up virtually daily. So don't say the value won't increase. (Of course the construction too has to be decent).

 

[pavanruka]

thanks machan. something to think about. i was checking apartment prices since last couple of years and i have not seen them going down. always the prices are gone up just like the land prices, but may be i am missing something.

thanks machan. something to think about. i was checking apartment prices since last couple of years and i have not seen them going down. always the prices are gone up just like the land prices, but may be i am missing something.

*******************

Buy the apartment if you like its location and if you think it's convenient. If you want a change in the looks you can do refurbishing periodically. Like someone here said, in 10 years - you will thank me for saying this!

 

[ltty head]

Buy the apartment if you like its location and if you think it's convenient. If you want a change in the looks you can do refurbishing periodically. Like someone here said, in 10 years - you will thank me for saying this!

Thanks machan. agree with you.

 

[ltty head]

bp

Option 2

thanks

 

[Pitihum]

bmp

 

[ltty head]

bump

thanks machan

 

[dath kimbula]

මුකුත් කියන්න බෑ පොඩි ඔලුවෝ.....
මේ දවස් වැල ඉන්වෙස්ට්මෙන්ට් කියන්නේ පට්ට රිස්කි වැඩක්......
දෙන දේ කාල වෙන දේ බලන් ඉන්න කියල තමා මගේ උපදෙස නම්....

 

[arunat]

thanks machan. something to think about. i was checking apartment prices since last couple of years and i have not seen them going down. always the prices are gone up just like the land prices, but may be i am missing something.

Take a drive around Colombo and see how many new apartments are being built. When all these are complete who is going to live in them? Where are they going to find so many families who are able to pay that kind of rent? I am also thinking of buying an apartment in Colombo. I had a look at the display apartment of the twin peaks next to JAIC Hilton. They want US$480,000.00 for a small two bedroom unit. That is more than Rs 80M. If you buy it as an investment you need to get a rent of at least Rs 8M per year or 650,000 PM. Who can afford to pay that kind of rent? I have decided to wait till all these apartments are built before buying anything. That is my 2 cents worth, but you have to decide what is best for you.

 

[TNHM]

option 2

 

[ltty head]

මුකුත් කියන්න බෑ පොඩි ඔලුවෝ.....
මේ දවස් වැල ඉන්වෙස්ට්මෙන්ට් කියන්නේ පට්ට රිස්කි වැඩක්......
දෙන දේ කාල වෙන දේ බලන් ඉන්න කියල තමා මගේ උපදෙස නම්....

එකනම් ඇත්ත. Good to see you after some time

 

[ltty head]

Take a drive around Colombo and see how many new apartments are being built. When all these are complete who is going to live in them? Where are they going to find so many families who are able to pay that kind of rent? I am also thinking of buying an apartment in Colombo. I had a look at the display apartment of the twin peaks next to JAIC Hilton. They want US$480,000.00 for a small two bedroom unit. That is more than Rs 80M. If you buy it as an investment you need to get a rent of at least Rs 8M per year or 650,000 PM. Who can afford to pay that kind of rent? I have decided to wait till all these apartments are built before buying anything. That is my 2 cents worth, but you have to decide what is best for you.

i agree with you machan.