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    Mortgage

    Attention buyers of used properties! Don’t ignore recurring expenses

    2024.03.14

    Recently, the price split for new properties has become deeper and deeper, which has put pressure on the price of second-hand residential properties in many districts. If owners want to successfully launch the property, they can only follow the general trend and reduce prices. This has also led to the continuous emergence of high-quality second-hand property sources in the market, and there are many semi-finished properties. The owners of new properties are willing to sell at a bargain price, even if they are willing to lose hundreds of thousands or even millions of dollars to sell their units. It is inevitable that those who are interested in "getting on the property" will be tempted. When calculating the expenses for buying a property, in addition to the basic down payment, monthly payment ability, mortgage insurance premiums, legal fees, miscellaneous fees, brokerage fees and decoration fees, there is actually a very common "recurring" expense. Forgotten is the cost of installing air conditioning.

    Some readers may wonder that the budget for air-conditioning installation and decoration costs are generally calculated together. The key lies in the details of air-conditioning installation.

    You may need to purchase insurance before installing an air conditioner

    It is of course good if the new property you purchase comes with an air conditioner, but if the air conditioner that comes with it is not what you want and you want to replace it, for many new or used properties, you usually have to rent a gondola in the building when installing the air conditioner, and the cost However, the charges are not uniform across Hong Kong. Some housing estates may charge several thousand dollars for renting a gondola; some housing estates may be able to rent a gondola without paying, but will require the owner to pay for the operator's labor, purchase high insurance, and charge for each air conditioner. The fee can be as high as 9,000 yuan.

    This means that if three air conditioners are installed at one time, the owner will have to pay NT$27,000 in advance just for insurance and operator labor, not counting the cost of the air conditioner and installation costs. The entire amount is actually quite "expensive". If the air conditioner in the house is damaged when you buy a used property and needs to be replaced, it is not uncommon for the total cost of replacing the whole house air conditioner to reach six figures. In order to minimize the expenses related to repairing the air conditioner in the future, routine maintenance of the air conditioner is even more important.

    Hong Kong is densely populated and the weather is hot and humid. There is no need to turn on the air conditioner for several months a year, so regular maintenance is even more necessary. Since the epidemic, many families and offices have become more aware of regular cleaning of air conditioners. They are worried about the accumulation of bacteria and mold, which will affect their health. Cleaning the air conditioner at the same time can also enhance the cooling effect of the body and reduce energy consumption in disguise. Save electricity bills and be more environmentally friendly.

    Regular maintenance saves money

    In addition to purchasing air-conditioning related tools and sprays for daily cleaning, users can actually hire a professional air-conditioning cleaning company to perform deep cleaning of the air-conditioning in the whole house or office. As long as you do routine maintenance, you can naturally reduce the expenses related to the air conditioner and save money.