QUOTE(xajimx @ Dec 29 2015, 11:47 AM)
Hello guys, sorry if i'm tumpang-ing in the tered
I wanna ask for some advice from dearest sifoos here, was wondering as a first time buyer, i'm really anxious and scared if anything goes wrong. I paid a booking fee for a 538k condo in BJ. base price is 640k. I was wondering if it's worth the buy for a first time buyer? Not sure to either stay at the place, sell upon completion, rent or make it a homestay.
Our household income monthly is roughly 6k. I just started working on contract for 4-5 months, and planning on to stay permanent. Let's say if i were to get increments in 2 years time before the property is completed, will it be a good idea to invest in this property? Thanks
The general answer to that is definitely worth. But (there is always a but) is the location good? is the developer OK? Is the price around that area similar to your condo price?
As for affordability, it solely depends on your lifestyle, assuming you have no other loans, your mortgage will be around RM2500 to RM3000 which is about 50% of your household income, should be no issue.
I do advise to plan your housing loan based on your current salary and lifestyle and not based on future increment
As for the usage, as this is your first house, then usually the purpose may not be as important, every family should have its own house. But if this is your 2nd or third then the purpose becomes important.