got buyer previously. offer same price with no renovated unit. I decline

no family members wanna rent.

Yes. that's why if i wanna sell the so call "market value", i rather dont sell it and keep for my child in future.

I know bank don't care about fully renovated or well-designed. They only see the land size. fully extension here and there, they dont care to as that is "built up size" .

Thats why i sakit kepala.

Nowday most probably only can sell below market value. dont expect much

Since you oredi spend money on reno, I suggest you do homestay. That is what I am doing now ... going into 6th years.

if your kid is "too" young to inherit in the very near future, just rent it out and perform refurb later.
those renovated interiors will get dated unless your kid gonna take over very near future (repeated 2x).

Which house you are staying right now? I would do a simple renovation or repair for the new subsale house. At least any damage after won't be too extensive.
For me renting should have a mindset house will be damage. So any profit from the rent should be save first as repair fund before you can bear the profit.

Some pros n cons list for you:

Option 1: Sell the property
👍 Get large sum of money that can be invested in SSPN and an early EPF account for your kid (there's no minimum age for opening EPF account, FYI), which will grow exponentially over the years better than most rental yield (usually)
👍 No need to worry about managing property
👍/👎 (Depending on how you view it ) Kid has future freedom to move or get house elsewhere with the savings you've established for them.

👎 Takes time to find seller
👎 Might not be at a price you'd like (although if your intent is for kid's future, if money is saved and invested your kid may end up richer than the price you get when you first sold)
👎 Have to pay costs of selling property

Option 2: Keep property
👍 Steady cash income if able to get reliable tenants, which can be saved for child's expenses or used to invest for their future
👍 House can be passed on to kid, giving them an existing roof over head in the event of your demise.

👎 Cost of maintaining property to keep it in liveable condition
👎 Vacant property is a money sink
👎 Beneficiary who inherit the property might not even want to live there, so any costs of selling/upkeep is passed on to them, which will cause headache for them after your demise.
👎 Effort needed to look for tenants and manage the property+collect rent

This post has been edited by DragonReine: Dec 29 2022, 01:31 PM

no tourist attraction or uni nearby. UPM also quite a distance. dont think homestay got ppl stay.

Which house you are staying right now? --> the renovated old house. plan to move to the new subsale house.

"For me renting should have a mindset house will be damage". --> thats why if damage, it can't cover from the rental too.

I would just stay in the old house and rent the new subsale. Just a little bit fund for repair and painting. Then can rent it out already. Leaving a house empty for long period also need refurbishment if want to stay after that.

ohhh.... not planning to do that. rental couldnt cover my monthly installment plus OPR keep increasing. basically i will be paying bank for the tenant to enjoy the new subsale house.

if it is a house (landed), and close to shops, grocers etc as you describe, bad time as now not really effect on the selling price, people will still buy even it is higher than bank value

when u rent out, dont aspect the tenant will take care of ur property, also, the law is protect the tenant not the land lord.

when u rent out, dont aspect the tenant will take care of ur property, also, the law is protect the tenant not the land lord.

if you think like that, better dont rent because tenant also have a thinking that they are helping Owner pay the bank for their house.

My view is, how much u will lose if u sell it. how much is the repair cost in case u rent to a bad tenant. How much is the cost of re-furbish in future if you leave it vacant. Compare the 3, you will have to choose either one.

ya. its landed.

Condo and high rise berlambak gila gila.

Thats why im dilemma. dunno which to choose.

No. i wont lose anything if i sell it. Just a bit waste if i leave it vacant.
If i rent it out, the repair cost is my main concern.


"How much is the cost of re-furbish in future if you leave it vacant" --> dont think will cost much as I ady fully renovate and fully extent. maybe just need repair roof and paint if i leave it empty for 10 years.

thats the reason im dilemma.

If i bought a property just to rent it out, thats different story. I just furnish a bit and put some light. I will rent it out.

From a buyer's perspective, close vicinity to shops may be a negative selling point. If directly next or behind shops, most buyers will avoid due to rodents, pest, rubbish, workers, smell etc resulting in lower prices.