IT IS common for potential homebuyers to lament about the increasing cost of homes, which is understandable with the scarcity of land in the city and rising material prices.
That being said, homes in the affordable category are among the most popular. But is cheaper better? The concept of “Pay peanuts, get monkey,” is oftentimes true when it comes to transactions, but this is glaringly obvious when it comes to homes.
Cheap homes come with hidden costs, which will be revealed in this article:
For starters, a home is a long term investment. Few people would want to live the next five decades in an uncomfortable place, take for example lifts that breakdown often, unsightly graffiti on the wall, or the smell of garbage that permeates the atmosphere.
Poor planning, substandard construction and inadequate maintenance are oftentimes part and parcel of an affordable development, although this is not always the case.
Falling prices, falling homes
One of the primary dangers is the poor quality of materials used in constructing low-cost homes.
Builders often opt for cheaper materials to keep costs down, but these materials may not meet safety standards, leading to structural issues.
Roofs may leak, walls may crack, and foundations can weaken over time. This is especially concerning in areas prone to natural disasters like floods where poorly constructed homes are more likely to collapse or cause injury.
Can you put a price on your health?
Another significant issue is overcrowding. Low-cost housing projects often fail to account for the growing population, leading to cramped living conditions.
Overcrowded spaces are not only uncomfortable but also pose serious health risks. Remember Covid-19?
Limited ventilation and insufficient sanitation can contribute to the spread of diseases, and the lack of proper waste management can lead to contamination of water supplies, exacerbating public health concerns.
What’s more, low cost housing will have very little room for green spaces or recreational areas. This will affect the mental well-being of individuals living in such environments.
When affordability meets luxury
Now that all these concerns are laid out in the daylight, a wise home buyer knows to invest in a quality home in an affluent neighbourhood.
Quality equals great capital appreciation and higher rental yield, which is more than enough to offset whatever “discounts” you may get from purchasing a unit in a low-cost housing area.
But what if a home buyer is given the rare opportunity to purchase a quality home at affordable prices? The answer is Platinum Premium Suites by award-winning developer HCK Capital.
Situated in the vibrant neighbourhood of Damansara Perdana, the development is set to attract a large affluent crowd, which means networking opportunities for the business-minded.
More than that, Platinum Premium Suites is masterfully crafted to emulate a high-end hotel, not forgetting its exclusive proximity to one of the largest shopping malls in Malaysia.
Affordable luxury is yours at: https://platinumsuites.com.my/—Dec 6, 2024
Main image: propertyhunter.com
