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PETALING JAYA (April 10): The quality of a property's maintenance and management could play a decisive role in determining the property’s value in a buyer’s mind, says real estate agent co-founder of Kith and Kin Realty Freeman Woo.
Speaking from experience, Woo said property management is a major consideration for buyers when they are choosing a property. "For instance, on first impression when walking into a premise, the quality of the management can be observed. Even from the look of the security guards when you first enter the property, you can know whether it is managed well,” he shared during EdgeProp.my’s Facebook Live Fireside Chat on Undervalued Properties: Opportunities, or Risk? which was aired today.
He added that in the current market where negative sentiments abound and properties may be hard to sell, any value-add could mean a lot. In deciding whether to buy a property, Woo advised buyers to use the “PPLC” rule which stands for the purpose of buying; the price, the location and the condition of the property including both of the individual unit and the common property.
Stay safe at home and shop for good bargains at home with EdgeProp.my, click here for more undervalued property listings.
For the full report on the Fireside Chat read the April 17, 2020 issue of Edgeprop.my pullout.
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