Hi Sifus,

Currently I am looking for double storey house in Taman Equine, Seri Kembangan and Kajang 2.

The price for freehold unit in Seri Kembangan (25yrs old terrace 22x75) is similar to leasehold in Taman Equine (20x70). Kajang 2 freehold SPA price is 970k with 0 downpayment.

How should I consider? Buy new leasehold or old house but freehold? Definitely need to do renovation for old house, maybe 150k for new wiring, plumbing, change tiles, plaster ceiling, kitchen cabinet, etc.

Are you a Bumi? If yes, then I would avoid leasehold at all costs. Bumi buy leasehold will become Bumi restricted when resell.

If not, then see which one you like more by emotions. As long house is within your budget, the ones that you like most will also be liked by the general population which means will also be in demand (likely to increase in value in the future)

Freehold hands down.

Why everyone think that 25yrs house you need to replace everything incl tiles and plaster ceiling?

If not money buy house 1st n the rest do later lah..

You think your neigbours all overhaul the houses every 25 yrs?

Yeah, I have lived in a 30 year old house before. The roof need a new tile or two once in a while. But overall everything is still fine.

I believe the reason why people want to replace things is because the design of the fixtures are old and dated, and want everything to be modern because renovating it after moving in is a big pain in the ass.

When u dun have the cash on hand or need to borrow more cash to renovate, why want ro put yrself in such situation?

Either way its pain in the ass....reno after moved in or serve interest on extra 150k.

That old house looks pretty bad. So expensive for old leasehold house?

It is a disaster to renovate after move in. All the design seems outdated with very old style window, ceiling, etc.

Yes, exactly.

This is freehold 25 yrs unit. Not leasehold.

I believe most people would love to move to a house in "new" condition... I dont see the problem if budget is not a constraint. And it will be difficult to renovate after you move it.

There's a couple of things to consider.

1. Is the old house in a G&G area? How about the new house?
2. Is the cost of the old house + renovation fees much higher than the new leasehold house?
3. Would RM150k renovation + RM100k to furnish the house be a huge burden, compared to just spending around RM100k to furnish the new house?
4. Typically, developer offer huge discounts on downpayment and legal fees (most of the time it's zero nowadays). For the old house you'll need to fork out around 5% of the price for stamp duty, legal fees etc etc. Have you taken this into account?

Old is gold lah..

Many things in life need preserving. Modern and funky now also will get dated 25yrs later. How to stay afresh with current trend???

Yr facade is a stamping of particular era in the housing environment and its a link house. Yoi can refresh all but it will stand out like a dog poo amongst your neigbours, artery road is still tight with 35' wide, tiang tiang lampu still hang in front of your house and tiang telekom stll at the back with ooen sewerage system and with the security system that hardly work.

If budget is not a constraint, he wont be writting in. Why need to share w the world how much reno will be...and at 150k?

Most people would like to have a mansion with rolling hills and you can sing and dance to the tune of the sound if music.

Its more difficult to reno after move in or

More difficult to pay rm600 per month extra for 150k on top of your rm4000 per mont interest (not included principle) per month????

How to save and pay extra another rm600??? Cut back on your kfc supper?

Actually budget is jot a problem. I am looking at investment and value angle, freehold (25yrs old with reno cost at 800k) or new leasehold. Which property will have more value increment if i wish to sell it in next 15 to 20 yrs?

1. Old not G&G. New, yes.
2. Sure. But freehold.
3. Already budget.
4. This new completed leasehold still need to pay 10% downpayment to developer even it is developer unit. Only free MOT and SPA legal fees.

I am wondering which property value will go up faster for 25yrs freehold VS 95yrs leasehold. How long it may take to double my purchase price? Need expert to advise is there potential for 25yrs freehold property double up in next 20 yrs in Seri kembangan?

3.5% increment pa compounding for next 20 years.

This post has been edited by mini orchard: Dec 21 2019, 10:37 AM

How much roughly?

Doubled any initial purchased price.