How to Choose the Best Cibubur Housing Developer for Your KPR

Public interest in property keeps growing. Population growth is accelerating over time, so demand for property stays high, which is why prices keep rising. Besides serving as a private home, property is also seen by many people as a promising investment, in both the short and the long term.

Choose a Property That Fits Your Needs

To get a comfortable property, first understand what you need. If your daily routine means moving from one location to another, you need a home in a strategic location. It also helps to choose one close to your business or workplace so you don't lose time commuting. One location worth recommending is Cibubur housing, in southeast Greater Jakarta. You can buy a home there through a KPR (Kredit Pemilikan Rumah), Indonesia's home ownership loan, also known as a mortgage.

Choose the Best Housing Developer

With so many developers on the market, it can be confusing to decide which ones are worth choosing and which are not. Because the transaction involves a large sum of money, it is wise to pick the best housing developer. Here are a few steps you can take to choose the best Cibubur housing developer and keep your KPR purchase smooth:

1. Gather as much information as possible

The first thing to do is gather as much information as you can. The goal is to avoid being fooled by the various programs developers offer. You can check the developer's permits to see whether the land has complete documentation, such as the IMB (Izin Mendirikan Bangunan, or building construction permit), the Izin Penggunaan Bangunan (building use permit), and the land certificate. If the developer already holds these documents, you can breathe easier, because the company is credible and has a good reputation. With that credibility, you don't need to worry about unpleasant surprises down the road.

2. Clear certificates

When choosing a home in Cibubur, ask the developer about the status of the certificate. Find out whether it is already registered in the developer's name. This makes it easier to transfer the certificate directly into your name. You will then receive an SHM (Sertifikat Hak Milik, or freehold title certificate), the key proof that you are the legal owner of the land and the building.

3. Don't pay a down payment

Many buyers are so eager to own a home that they pay a down payment (DP) to the developer as a booking deposit. This is not appropriate. Imagine paying a 30% DP and then having your loan rejected. You would be the one who loses out: your DP could be gone, or worse, you might have to pay off the remaining balance out of your own pocket.

Those are a few things you can do to choose the best property developer in Cibubur housing areas. We hope this information is useful.

Read also: The Benefits of Owning a Home in the Cibubur Area