Apr 1 2010, 03:01 PM
QUOTE(clivengu @ Mar 31 2010, 06:51 PM)
I was wondering is there any thread or website that can INTRODUCE those who are new in properties?
I am thinking to buy myself a condo somewhere next year. That's my plan.. but I do not know where I should start.. Wish to get some advice from u guys.
Currently I am renting a middle room in Pelangi Utama Condo (near one utama) for Rm 450 a month. I also rent a Parking Lot for rm 140 a month.
Total I am paying almost Rm 600 a month.
I am 25 coming this June. I think I shouldn't be renting room for any much longer and should start paying for something that belongs to myself.
My question are:
1. Where should I start looking at? I have been loving Bandar Utama/ Damansara Utama area a lot. I feel comfortable n peaceful here... but is it worth buying?
2. How much commitment should I put in to own a property? If Possible, I am thinking to pay around rm 600 a month...which is less burden to me.
I am planning to buy 1 unit. Stay in the Unit. Taking the mid/master bedroom + car park myself. I can rent out the other 2 rooms to cover my monthly house loan. Any suggestion on this? Is that how people do it?
3. Lets say 200k - 300k condo. How much downpayment should I be preparing? 5%? 10%? I also aware that there is a lot of other additional charges...I wish to know around how much will they usually cost.
4. My sister who earn SGD was interested to buy with me (she said if will Untung, why not...but she also never into properties b4) so if she is joining me... we might be able to own a better one... But more expensive not necessary can have more profit next time we sell it , correct me if im wrong.
* I do not know my planning is it called "investment" since my purpose is for me to LIVE IN.. So if i want to buy and live in... but has the potential to sell it in future with higher price... what should I be aware of?
A big thank you for those willing to share some tips with me
hmmmmm....I am thinking to buy myself a condo somewhere next year. That's my plan.. but I do not know where I should start.. Wish to get some advice from u guys.
Currently I am renting a middle room in Pelangi Utama Condo (near one utama) for Rm 450 a month. I also rent a Parking Lot for rm 140 a month.
Total I am paying almost Rm 600 a month.
I am 25 coming this June. I think I shouldn't be renting room for any much longer and should start paying for something that belongs to myself.
My question are:
1. Where should I start looking at? I have been loving Bandar Utama/ Damansara Utama area a lot. I feel comfortable n peaceful here... but is it worth buying?
2. How much commitment should I put in to own a property? If Possible, I am thinking to pay around rm 600 a month...which is less burden to me.
I am planning to buy 1 unit. Stay in the Unit. Taking the mid/master bedroom + car park myself. I can rent out the other 2 rooms to cover my monthly house loan. Any suggestion on this? Is that how people do it?
3. Lets say 200k - 300k condo. How much downpayment should I be preparing? 5%? 10%? I also aware that there is a lot of other additional charges...I wish to know around how much will they usually cost.
4. My sister who earn SGD was interested to buy with me (she said if will Untung, why not...but she also never into properties b4) so if she is joining me... we might be able to own a better one... But more expensive not necessary can have more profit next time we sell it , correct me if im wrong.
* I do not know my planning is it called "investment" since my purpose is for me to LIVE IN.. So if i want to buy and live in... but has the potential to sell it in future with higher price... what should I be aware of?
A big thank you for those willing to share some tips with me
1. Damansara areas or PJ areas wont have cheap condo anymore
2. RM600 ar... not really possible.. unless like leongal said ur down payment is great... for my current resident which located at Kepong, not condo but apartment with swimming pool and management, guards... market value around RM160k, installment required RM600++ (for current BLR rate) not include extra car park rental for me (there is one car park ready for one unit apartment which utilize by my hubby already)
3. those additional cost are eg. Legal fee (for S&P lawyer, loan lawyer), stamp duty, property valuation fees, late penalty if ur case drag too long
4. Ya there are ppl invest in Condo and sell next time when the market value increase...but bear in mind property gain tax has been started this year... so it is one of the cost...so u want to invest make sure the location u buy is strategic and has good growth value lo...
just my little 2cents
hehe
Quote
0.0186sec
0.73
6 queries
GZIP Disabled