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 Only RM200~330k budget, Dreaming of getting a own house

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TSLerner
post Dec 8 2009, 10:17 PM, updated 17y ago

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I am 30 bachelor from Kedah working in PJ/KL Areas since 8 Years ago.

I notice it is time for me to get a shell for myself and slowly settled down.
Meanwhile I still restructuring my credit facility towards this purchase.

Is it visible for me to get a house located in either Kota Kemuning/Bkt Rimau/Berjaya Park Areas/Cheras Selatan/Sg long area. or Just getting a service apartment in either subang/Puchong Areas. Which one is safer bet?

My colic ideas is getting the landed house instead (by topping up some budget) renovated it in one go. to avoid second purchase (upgrading) in the coming 3~5 year times (After married - May be ). I am comfusing between the house & Apartment.

Of course, I am prefer for cheaper / lesser commitment as possible. smile.gif

How do you find about my situations?

Thanks.

This post has been edited by Lerner: Dec 9 2009, 02:05 PM
TSLerner
post Dec 9 2009, 10:43 AM

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QUOTE(Tohsan @ Dec 9 2009, 09:51 AM)
If u want to pay less to get a house either it will be in a downtown area with all kind of "chap" people and surrounded by factory workers as tenant or you pay higher price for a better neighbourhood. Do bear this in mind if you buy a cheap property in a less "wong" area, it migh cause you headache like house break-in and high crime rate and also you property will either drop in property value in the future or stay stagnant for a long time until some project come along and develop your place then u only see increase in property value.

In Kota Kemuning there are house for sale around RM330k still available but its not guarded & gated.
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Thanks. It will be for the own stay purpose. Later is aim for capital appreciation in stead of rental income. Tot of getting start of my first step correct in property buying, yet to think of investment.
TSLerner
post Dec 9 2009, 02:04 PM

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I keep reminds myself for extra careful towards the decision on this expense purchase, as I can't afford to make some silly mistake out of it.

Trying to figure out the most strategic location for my very first house purchase/investment. Trying to locate the most "secure against those break-in" location that suites my budget.

On other hands, I still need to prepare 15% for some basic renovation.

It is a big bill for me.

thanks for the ideas sharing smile.gif
TSLerner
post Dec 9 2009, 09:12 PM

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QUOTE(accitzone @ Dec 9 2009, 04:13 PM)
this is my experience...
start work, lives with my sister's family
1st year working, bought a rm90k++ gated n guarded apt (rm480++ installment /mo) even if  i am renting the amt paid will be the same, around  RM300 - 500 / mo

5th year, bought a 2 storey g&g linked house, fr developer, rm300k++.
stayed in the apt, until the linked house ready for me.

move into the linked house, pay rm 1.2k++ installment /mo
refinanced the apt, got rm20k excess, installment is lesser, as the interest is lower now.. at rm450 / mo. rent out the apt rm700 / mo. got the bank installment n the maintenance for both houses covered by my apt tenant..

i m very happy..
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this example enlighted me as what my senior/vendors opinions. they always remind better start to get one house first, and normally the paid seldom catch up the property appreciation rate.

Therefore, I am decide to have one myself.

icon_rolleyes.gif
TSLerner
post Dec 14 2009, 09:39 AM

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Thanks for the above opinion.

I am work as IT system Engineer who focus on network infrastructure. In Kedah/ Prai, I hardly come across such job oppurtunity for myself. During the weekend, I usually helps in my friends company which located in BKT Raja (Shah Alam), Cheras (Tesco Extra Area), & KLCC.

I'll remind myself on not making rush decision on this purchase.

for the ideas of "No spending too much for own stay house", is it tangible for staying in Kota Damansara/Berjaya Park Areas or getting apartment in SS2/PJ/Old Klang Road Areas, if I cost in the travelling efforst.

Pretty complicated on evaluating the options. smile.gif (But i enjoying, coz i am in the status of chosing a place for my own)

Thanks.

 

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