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I wouldn’t automatically lock away 20% after a thorough pre-construction investigation. A smaller contingency may be reasonable once selected areas have been opened and the electrical and plumbing routes mapped. Before that work, however, the larger reserve Hana suggests makes sense. The mistake...

The appraisal gap deserves its own plan. Suppose the seller counters and you stretch upward, but the lender’s valuation does not follow. How much additional cash could you contribute without damaging your reserves? If the answer is “none,” the financing language needs to protect that limit...

I partly disagree with putting measurement first. If the completed sale is even a short distance away but lacks the same coastal position, light or outlook, micro-location could overwhelm the condition adjustment. The asking listings may at least show how sellers price those features, though...

That connects back to management: someone must handle access, contractors, building coordination and the empty premises during the delay. Include the task even if its cost is not yet known.

How would people handle renovation estimates at this early stage? A single allowance seems fragile, but detailed quotes may not be available before serious interest.

“Near Seoul” and “reasonable transport” could cover a huge search area. Can you give a maximum journey time or name the part of Seoul you need to reach regularly? Also, do you require five enclosed bedrooms, or would four bedrooms plus a study or flexible room work? That distinction could...

I wouldn’t assume every part of the rise is permanent. A finite reserve catch-up is different from recurring insurance and maintenance costs. But Clara’s conservative valuation approach still makes sense until you can separate them. Also consider resale liquidity: another buyer may react to the...