Many people say they can't afford to buy a house mainly because they wNt their dream home, which is far more expensive than what they can afford. So make sure you buy within your means...
Begin the journey to own a dream housewith a smaller house. after five years! The propertywould have appreciated and with a better salary, you can consider a better houseby disposing off your first property.
You're heard it many times before, "property prices are crazy in Malaysia" Small wonder then that many young people feel they are destined to be tenants their whole life..
Intrigued? More accurately, ask yourself how much you are willing to spend and whether you can afford the loan repayment without having to make deeper budget cuts than Greece!
Check it out some informations from MBSB, EPF, Auction property ! There are much more merrrier for goverment servants as there is so many ways to apply a morgage loan- event blaclisted...
If you're only able to afford a monthly instalment of Rm1000.00, then look for a property within that price range. Any real estate agent will be able to find the ideal property for you. Choose a simple and affortable property to stay in. This way , yousave on rent, or ifthe property serves as an investment, you can use the rental income to settle a major part of your instalment.
You need to clarify where your deposits are coming from, how much of your current income can sustain a loan. Don't forget to include renovations and move-in costs as these will also take up a chunk of your savings.
Another easy method? Many are appling 1/3 of their income as a rule of thumb for installment amounts.
You're got the money! You're ready to buy. but how can you make sure you get the best deal out there? There's no guarantee of a cheap and good deal in today's market. Sometimes its sound to be good to be true! For me, a good deal is when you purchase a property that you feel good abt, at a reasonable price, and if possible, with potential market value.
Make sure you have all the right information so you can negotiate the best deal for yourself. Do a survey , make a call the numbers you see advertised on real estate banners as well. The faster on the net. The more you ask, the better informed you will be abt making a smart investment. Combine that with your online research and you've enough knowledge to make a better purchase!
Don't ever give up on your dream of becoming a homeowner; PATIENCE is the key when buying property. Do not buy in rush; go through all alternatives. Don't be bogged down by just one reason. For example, if you aren't able to do all the renovationsat one go, focus on the main ones likewiring, plumbing, painting and built-ins. At the end of the day, make sure the decisions is to your liking and compatible with your lifestyle.
Also, start small. If financial constrains are a mojor burden to you becoming a homeowner, revise your budget.
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