hello, i really need advise to buy or countinue rent a unit...
i am 41years old,got no more family,wife,kids and wanna maintain that way till i die,

the unit i wanted to buy is rm 90k shop apartment studio upstairs (highest floor) 3rd floor NO LIFT just 400 sq.ft (approximately)

and the unit i renting currently is a room rm320 rent + tnb n water rm170 total up about rm 490 a month..landed property

sometimes i wonder y buy a property when i die it will not be pass to anyone, (just a piece of my mind)
but in the mean time,i really like to live in peace aka senyap enviroment,the room i renting got other tenant with kids n near diswahing area,which can jolt me up from sleep when in use,eventhough its for few minute..

pls just advice me (buy or not to buy)

i am kindda unsure,
thank you in advance

This post has been edited by poco loco: Mar 17 2025, 03:08 AM

at the same time,i did a calcalation too, rm90k if put at fixed deposit will genarate rm 300 a month @4%,estimate la....
that rm300 if pay as rent will greatlly help alot in the rented room pulak...


and this is my 1st purchase too,so i not really sure what other cukai/tax that need to be paid monthlly or yearlly,and is there a managment fee?

This post has been edited by poco loco: Mar 16 2025, 05:14 AM

pls consider the effort climbing up the stairs as you grow older

41 fairly young. Not sure your cash flow situation.

If can afford buy the when you turn 70 sell it off and start renting again.

Living with others can be stressful

And you think your cash in the bank can be passed to anyone when you die ? ( Just a piece of my mind 😂)

3rd floor with lift? When you turn old you will complaint walking up the stairs. If have lift please factor in maintenance fee increase

wat is shop apartment?

above shophouses? sure noisy like hell if got restaurants nearby

Is it a SOHO ? Studio unit ..

If u can live above 70 years old, u will appreciate single storey hse / apt with good lift service.
Very susah climb stairs.

also consider local nearby amenities eg general hosp, koptiam, market.

Younger - didn't see this as something useful. But as we aged, medical expensive... Anywhere that is accessible by walking or a short less than 5 min - that means a lot of saving.

reno fee , maintenance fee.. rented better

Also, find a place which offers minimal risk of falling or injury..

Is more of health problems when one gets older than the place itself. Injury from fall in nursing homes are common.

at 41, well, if you have the forever money to roll with a tight budget. Why not look for outskirt area, where you have fresh air, less population per sq ft, and cheaper prop with some land.

For me I'll continue to rent, find a better unit maybe. When older can consider moving to other places which the living standards are lower

No right nor wrong.

Your money up to u how to use.

As someone said u put money in FD after dieded also pass to who? Better just YOLO.

Yes ofcourse property got cukai pintu and cukai tanah. Monthly maintenance for high rise and Gated n Guarded properties.

TS do this coz still wanna stay in KV area but cant afford?

Iianm if it is considered as a commercial unit, then electricity n water bills will be charged at commercial rate.

Iianm if it is considered as a commercial unit, then electricity n water bills will be charged at commercial rate.

This 100%

Make sure the unit you planning to buy has lift.

Now to the question: To buy or not to buy?

Let us list down Pros and Cons

Pro:
1) Have your own space that is all yours, can do anything you want. This is one of the best feeling in the world, going back to your own home after a long day at work. It's different from renting a place.

2) Owner can't chase you out suddenly. But banks might chase you if you no pay installment la

Cons:
1) Higher commitments as you need to pay more things like cukai and Indah water, monthly maintenence fee, repairs. If for rented, can just claim back from owner for repairs.

2) You are "tied" to your property. Meaning, what if your job requires you to be transferred to another state/location? If you are renting, easily you can just shift to a new location and rent again. Once you own one, the process to sell and relocate takes much longer and hassle.

-------

Now to the question of whether should you buy as you have no one else to pass on to.

Now this is quite "old school" thinking that has been taught by our parents. They pass on their property to us, so we think we need to have children to pass on our property.

No. We still can own property, acquire wealth even without any kin to pass on to. If you have a will, you can ask your lawyer to sell off your property and the proceeds be donated, or even donate the property to a charity organisation for them to use.

Imagine when you are old. Some home owners would not want to rent to you, knowing anytime you could pass away in their home this affecting their home value?

If you have your own place, your life could be different. You could invite people over for meals, build relationship, who knows even meet someone down the road. The possibilities are there.

But end of the day it's up to you. No wrong or right.

Hard decision this is, ts

prefer renting unless landlord /agent jahat

ok
after reading all
now i lagi undecided....
relax 1st

If you plan to stay in the same place for the next 20 to 30 years, then buying is a good option. You won’t have to worry about landlords increasing rent or potentially asking you to move. When the time comes that you can no longer live independently due to age, you can sell the property and use the proceeds to cover your nursing care. By then, assuming the property has appreciated in value due to its location, you’ll likely have made a good profit.

Instead of answering the renting room vs the studio you looking at, let me give you some insights of renting vs owning. I will list our the pros of each

Renting
1. You are free to move around when better job opportunity in other area comes.
2. Not much head ache on maintenance as landlord suppose to fix it for you for major issue.

Owning
1. You won’t get kicked out by landlord when they want to take their house back.
2. U locked down the price of your house since you bought it and you won’t get affected by raising rent prices. (I personally find this reason alone is enough to make me buy.)

My studio I buy at 140k last time. Monthly only around 600-700. Now they selling 250k and if you want to rent become 1.4k. Since I bought it, my monthly still remain at 600+.

Maybe can consider ground floor unit of walkup apartment.

The pros of having own unit is the privacy and no need to stay inside the room whole day if not going out.

i should add more info about this topic,

1,i going to buy this studio cash,so no loan thinggy (hate to utang utang)
2,my job is grab rider,so i can start anywhere anytime (so there will be no relocating for job purposes)
3,i work 3-5 hours dailly (so ill be at home most of the time)might adopt a bisu doge to stay wif me

This post has been edited by poco loco: Mar 16 2025, 11:45 AM

this, my mother, stroke... even first floor. one stair also cannot...


this one in cheras? so cheap.

read the above pls

the studio is very near that kajang terminal bus station...

about leg pain etc.....we really cant predict all this stuff,so i guess thing will change when u have that issue at that time kut

yes, so poco needs to consider health level now.... healthy or not... if not, look after health

90k is really good, if it's near to mamak/ 99 speedmart/ kopitiam... its not a bad choice at all

you can deisgn your place nicely, but the size is a bit too small for my liking, 20+ ok, 60 you do wish you have a larger house

ya got 99 speedmart,jpn,kwsp,etc....

Rent sahaja la..

Maybe cost upfront like legal fee, mot stamp duty, insurance..

how much are those? insuran is compulsory?
first time home buyer me

Be honest why didnt marry. Cannot get GF of prefer single but its the latter.

I prefer marry but prefer single lifestyle

Rent started to get difficult when you are above 50. Many owner scare you might pass away in the house.

And you might not able to get 90% or 85% once you reach a certain age. I would suggest buy a studio unit with near to park or hospital.

highest floor = Red flag

You'll be alone till you die at 80 years old on average. If you want good quality of life being alone in your twilight years. better opt for lower floors.

single = easy life
merid =hardmode
merid wif kids = nah no thx

so if u can choose the mode of life in your own life then choose wiselly,bcause some desicion cant be undone

If u take loan, bank compulsory masuk for u, unless ur jmb got cover master fire insurance

Since u say shop apartment, i assume no jmb and no fire insurance.

For 90k case, maybe 1 year 300 i think la

Prefer marry but want single life

Means only want kukujiao happy and no other responsibility la

for shoplot..
parking, neighbors, top floor ( hot, how to walk up when older?), misc costs, no rental increase, no shoosh you, no more selective renters ( more difficult as you get older and to show possibility to pay rent), a place to call your own
for rent
selective renters, forever increase, parking, no one wants to rent to old people, can change location, no need to worry incidental costs
don’t forget inflation, 90k today isn’t the same 20yrs from now
advisable to look for your own space, a little further but within your means..

If you've life insurance. They won't force you take mrta

no wife no kids no need buy property, unless plan to have in future

Why would a forever alone man with no dependents, buy life insurance ? 😂

This post has been edited by mini orchard: Mar 16 2025, 07:15 PM

100% profit sounds gooding man. Also i tot all k sont buy and just rent ?

Banks need owner to pay off, while alive or after death

After death is not his problem. Bank will foreclose and any balance, if any, will go to govt coffers.

maintenance fee
cukai tanah
no lift (old liao how, find 2nd floor or town house better leh)
die liao give to relative ba, dont leave it there. make a simple will
think about old age, maybe u need go old folks home so this house no use also

unless have lift…( even if you do decide to sell, it’s a selling point…).. i have clients, office on 3rd floor, even to do random visit still take an effort ( walk up)

This post has been edited by KenM: Mar 16 2025, 07:26 PM

those fees fees is about 3-4% of property price. so 90k u ready 4k also cukup liao.

insurance nt compulsory, and since u buying cash, no need bank loan = no need insurance

jus find a lawyer, they settle for u.

Pro's of living at the highest floor
1) Nobody else living upstairs, therefore no need to listen to kids running around stomping their feet, pulling chairs late at night and sound of vacuum cleaners
2) Rarely people will walk up and kacau. More privacy.
3) Slightly more windy, slightly less dusty
4) No need to deal with neighbor's underwear falling down to ur balcony, or underwear water dripping onto your own pakain.
5) Contrary to what many ppl say, I truly feel that walking up and down the stairs everyday is a very good form of exercise for your legs and knees, especially so when u r still young and able. Since u r staying on top floor, u really have no choice but to exercise by climbing stairs everyday to get home, and this form of exercise goes a long way to maintain and strengthen ur legs and making sure u r still able to walk when u r old. Many ppl will try to scare u by telling u that you wont be able to climb at old age. I call that bullshit, unless u r the type that like to drink air balang potong kaki. If u really reach that age where u really no longer can climb, then jual jer lah and rent a single storey.

Con's
1) Less ppl travelling upstairs, if u pengsan in front of ur door, no one might notice
2) Neighbor bawah isap rokok dekat balcony/windows, asap naik atas to your unit
3) Neighbor bawah masak kari kepala babi everyday and the smell travel up to ur unit

Nobody want to rent to old ppl ya..they dont want ppl die in their unit

Are you wealthy or not? Consider private old folk’s home, it costs 4-6k in today’s money, suitable for old foreveralones.

Is the above true?

When u old can walk up stairs or not?

Is a fact. Diff tariff.

Buy first floor if no lift.

When gets older will have weak knees eventually especially when fat.

Ts is hot hunk 40 or fatf@40?

At least no Sked no home stay when old and poor. Renting at old age gets chase around cause sked u die there if alone. Need clear your corpse and all.


Find a partner perhaps at this age and built up more savings

Most people who bought 10 years ago should make at least 50-80% I bought mine in 2011. Developer late hand over so paid me LOD 15k also.

Unless you fked up real hard. If not I don’t think renting is better than buying. That is provided you are not moving to a different city. If same city in decent location. I 100% confirm your rent would have gone up at least 30-50% compared to 10 years ago. So buying would at least help you lock in the “rental” rate long term.

TS want to buy with cash, no need buy apa insurance la. Unless he take loan.

Rent can be increase, as well as property price. I think Ts better buy it now while he can. Old or health problem can figure later.

Many renters here….hehehehehe

Rent would be the best, when old stay at old folks home
🧓🏠🔥

there’s insurance if you buy on lian, that’s MRTA, in case something happens it will cover the entire loan..
the other insurance is home insurance against fire and other causes, this is necessary because if your neighbors house catches fire, your house could be affected as well… but it’s not too expensive and affordable
then you have utilities, cukai pintu, cukai tanah, indah water and maintenance for gated/apartments
many have said buy first, as you get older,renting will become expensive

parking headache, and attached with every b40 headache and discomfort

you can try rental that place 1 yr and decide

best if you can move to small retirement towns , everything cheaper, easier, happier,

who knows, that town is your destiny and suddenly ong in life

it is.

Giving banks additional problem

They prefer easiest way out..

I've asked loan before. They basically won't give unless you've insurance in some ways.

Have you bought a property with insurance before

About the tnb tarif, thats my 1st Q to the agent to find out the tnb tarif,comersil rate or resident rate.the answer is 'resident rate'.
about old age walk up stair issue,i dun really know the future me leg,as of now no issue eventhought i got diabetus but docter say everything ok other then blood sugar jer, so if shit happen down the line then maybe sell of that unit,by then also at least 10 years past aready

This post has been edited by poco loco: Mar 17 2025, 03:12 AM

eventhough i haven go see the unit ( waiting agent tell me when can go see)
but from the pic,its currentlly got ppl staying in it,and it looks aready furnish and clean to me

5 more month only fd mature ni. x cukup duit ni
or should i forfeit it jer?

best if can drag 5 more month 😄

you don’t need the full amount on confirmation to purchase… normally ready 10-15% of purchase price… it takes time for the lawyers to finalize the transaction and subject to authorities approval for some cases…
talk to your lawyer, they will advise

If you're not familiar with the place, take one day off to survey the area. Check parking, traffic, distance to eating place etc

oh.ok then...should be no problem then


Attached image(s)

Don't go for 3rd sty shop-apartment. That's walk up, susah nanti. Topmost floor sibeh hot wan.

You should consider those affordable housing by the gov. Those 400-500sqft 1R studio, I think <250k

You are single, 1st time buyer > rsku/ rumahwip is a good buy. Many in the pipeline. Go for it. Have your own space growing old, bro.

Choose those with hypermarkets within walking distance will be good.

You can always sell and move to nursery care (hopefully that will not be the case). Stay healthy, live comfortable within your own space.

Service apartment living with amenities, social connection with neighbours a good vibe.

This post has been edited by jojolicia: Mar 17 2025, 10:07 AM

anyone knows? for shop apartments, do they have maintenance?.. what happens if roof damage? toilet stucked or leaking? main pipe, common area electrical issues?..
i think advisable to purchase residential apartment for peace of mind… further more, you have your private car park to rent if not using..maintenance etc all settled with proper security

rumahwip is out of my bajet rm250k..nah ill skip this

gov got studio?where to apply?

If I'm a homeowner, I would think twice to rent out my unit to elderly above 55. Can they pay? are they sick? no relative / kids? too much red flags.

Ayam support u buy a unit . But as other /ktards have said, survey thoroughly, is the place to your liking? close to amenities? traffic / clinic / food nearby? u like?

climbing stairs, well as long as you keep a healthy body and keep fit, I dun see not much problem. If you fatty bom bom no exercise type, then only I would advice against it .

when needed u can sell the unit and the cash you use to go nursing home instead (after some time) when you are no longer able to live independently.

hope for the best for you , TS.

all this stupid govement housing veli leceh 1,some even stated no projet at the moment..... haiz

i got a plan if i still renting if owner scared to rent to old ppl.....offer 1-2 years payment upfront jer,i bet they will take it

no lift is good.

cheaper maintenance, and you get to exercise your legs while you are sill young.

Highest floor also means your unit will be more quiet from the noise from the commercial activities on ground floor.

But, this type of property has no facilities, meaning you wont have any interaction with others in the community, so highly likely you will become forever alone, forever.

I have a feeling Malaysia is becoming like Japan very soon. Low birth rate, many old people living alone till die, everything becoming expensive.

no issue about comunity..been living comunity less or near no interation for 15 years....its better for me


anyway i waiting for ajen to give me a date for viewing,,,machem no update jer for the past 3-4 days liao...

This post has been edited by poco loco: Mar 19 2025, 01:59 AM

Buy a house. Sell it and use the money to check-in care center when you are old enough.

not enuf money for a landed house,

sell it later on is an option if health condition no good

reverse the situation… would you accept 2 years advance from an old tenant?… in fact, i would be very suspicious…
just buy within your means… every property will have its value… 20-40 years from now, another poco will be looking for a similar property!

don't buy the highest floor

if got leaking, or any maintenance needed gonna be a headache to you.

all the unit's water tank should be above your ceiling too.

Well said 😎
The best stay at 3rd or 4th floor or in the middle not too high and not too low 🔑😎🔥

Rent or buy no big deal actually just like many said no right or wrong as most of the pro and cons can be easily countered

What you really need in your life is .....

A partner who have the same mindset as yours (bf/gf you decide)
As you grow older and become senior many things become a disadvantage to you so no matter what you need a stay together partner to balance out things

Companionship is a need not a want (sex included) and its not hard to find someone with the same mindset/thinking like you

So yea... Just chill and open your eyes bigger try mix around with ppl you are comfortable with who knows the person is there all the while

if got same mindset ladies that i like that would be cool......

Sure got one, have to be open minded and mingle around, join more social activities, don't close the door yet.

My brother in law didn't get married until he was in his early 40s.

Now he has a cute little daughter 10 years old liao

41 years old now and forever alone
target to live to 70 = 30 years
assume average rental rm2k for 30 years
30 x 12 x 2000 = 720K
after 70 forever alone, should check in old folks home.

buy 3 rd floor no lift 90k
you probably can climb till 60 and will complain

by then if you will need to have another plan...

so true

10-20 years later knee or whatever body part got problem

or fall from the stairs, habis

his rental less than rm400.

400x12x30= 144k, but at least no all types of bills to pay

later this rosak that rosak, leaking, fixing....

400 but he wants to upgrade living condition... round up 2000 constant for next 30 years.
by 2055, rm400 rental maybe rm4000 in 30 years.

he doesnt mind living in kajang...

cheras also has rm750 per mth rental, 900 sqft, shop apartment... won't need 2k...

OK YOU SO RIGHT. all you need is 750x12x30.

he cannot afford 250k property (loan: 1.25k/mth), what makes you think he can afford 24k/ year on rental.

nothing right or wrong.

the 750 is 3 bedroom some more. past 5 years, price never changed. with our property situation, do you think price will UUU? Maybe for those near MRT station, but majority no.

I didnt ask him to do anything but think for himself.