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 First house buying strategy for young couple

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DragonReine
post Dec 28 2020, 08:58 AM

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QUOTE(Oklahoma @ Nov 27 2020, 08:55 PM)
Hi Folks, just wondering what's a strategy for a young person buying their first property.

Mid 20s, income around 5.3k nett. Joint income with gf around 8k nett

Should I get landed outskirt like semenyih and puchong (40km/50mins from KL) or get a condo near KL? This is for own stay as I want to marry and move in with my gf smile.gif

Having a dilemma on which one to go for....

Hope to get your advise, thanks..
*
1) Don't recommend joint with GF until marriage cert signed laugh.gif anything can happen and if lend outside your means both you and GF are fxxxked

2) At your age and current economy, assuming you work in KL, better rent first and wait a couple of years longer to save up a bigger amount for DP, so you can buy bigger without needing big loan

3) This really depends on your personal views. Do you like traveling? Can you deal with traffic, if you drive? Have you considered nearby amenities (schools, malls/shoplots, public transport etc.) and how it'll suit your future lifestyle? This is a very personal decision so think very carefully about your needs and wants and tolerance level to crowds/traffic/traveling time.

 

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