Sorry if this sound too stupid, but I have no idea how things work on this property thingy.

I'm able to commit around 800 a month for loan repayment, I have 50k, and I'm 25. Planning to buy a house for a family of 4.

I wonder, would it possible to buy a house say at RM450k?

This post has been edited by Underhill: Dec 29 2007, 02:34 AM

location location location. that's all i can sum up. bukit jelutong looks like a good investment to me. 800k would afford u a double-story link terrace house there. i'm not sure about the downpayment.

This post has been edited by dgrebel: Dec 29 2007, 02:29 AM

800k a month? That must be an expensive hse. I think you mean 800 bucks a month...

Opss, yeah edited. Around 800 a month, not for investment but for living, in KL.

So 50k + 400k for 30 years means RM1111 a month, isn't?

This post has been edited by Underhill: Dec 29 2007, 02:32 AM

800/m can get u a mortgage of about 120K-150K , so what do u think ?

800 a month? which part of the world are u talking about? 800 a month can't even entitle u to rent a house at subang jaya. possible if it's in the suburbans.

I see. So with RM800 a month plus 50k cash, all I can buy is a house around 150k worth?

what type u like?semi-d?condo?

Try search around area in Puchong, its not overpriced, positioned ok and value for money and still not overpriced.

Dont live in KL...KL all bullshyt one...Cost of living so high, property price so high, even buildings so high...nothing low one. Come kuching, you can get banglo easily or semi-detached house plus food wont be a problem if you are a non-muslim because muslim here more open thats why everywhere also got tu bak...
Housing property is going up like hell thanks to the Chief Minister relative's company, Naim and CMS...

loan affordability is 1thing, price of the house is another, it depends on how much u dump in for d/payment , u can use ur 50K as d/p to get a 200K house, but don forget other expenses tht come along the way :S&P, legal fees , loan agreement, fire insurance, renovations, furnitures, electricals.....tht might eat up about 10-20% of ur house price. so, be wise in doing ur maths b4 u sign a 15-30yrs contract.

Prefer a terrace house. Puchong is an option, as i work nearby KLCC. All I know is to code in Java. What can I do in Kuching? lol. Besides, family is on this side of the world.

I can use my existing furnitures and appliances, renovation isn't an absolute requirement on a tight budget i guess. Roughly how much would the legal fees, insurance cost?

This post has been edited by Underhill: Dec 29 2007, 03:03 AM

I thought programmer can earn a lot.

for a landed property, it would worth alot in future. so do consider KL too. except for the common flooded area during heavy rains.

I don think he can buy a landed property with that budget. Maybe leasehold but not freehold

it's better u learn it urself ,
http://www.hba.org.my/
http://www.realestate.net.my/forum/index.php
http://www.fiscal-wise.com.my/FiscalWiseWe...fEstimator.aspx

Alright, thanks a bunch guys.

*dgrebel*
which part of BJ are you looking at? the Lagenda 2 *super links* are only 750-800k...
a forummer mentioned that you can get older BJ DSLs for about 450k...

*Underhill*
your monthly repayment is a bit low... i'm paying almost 1.3k for a 180k loan for 20 years...
i guess with 50k downpayment, the most you can go is a prop 220k...
note that this excludes minor reno, furniture, legal fees, SPA...

how about you invest the money first and wait for it to grow, izzit urgent for u to own a house now?

My advise is not to rush into purchasing this property - if u really do need a place to house ur family, u should start learning about the property market and scouting around. If ur not in a rush, just keep a look out for one while you continue to build your wealth - u may just be able to afford a nicer place in a years time