Travel blog about world tourism

Home Buying Guide for Malaysian Property

Home Buying Guide for Malaysian Property

Apr 20, 2016

Wonderful sights, warm people and a relatively low-cost of living compared to Australia and Singapore makes Malaysia one of the best havens for retirees and expat families in the area looking to move. Whether for foreign or local buyers, though, properties across the country offer a lot of choices. And when it comes to price,the Global Property Guide says that one of the best qualities of Malaysia’s residential properties is the remarkable stability of its prices. Over the last few years, prices have either fallen by a few percent, or risen by 2 percent or 3 percent. The result? When the market booms or collapses, consumers aren’t in the least bit worried. They know the market will go right back up if it goes down. You can essentially take advantage of the same stable property market prices when you invest in a Malaysian home. Here are some essential tips you need to know as a homeowner: Property Types  Available housing options in the market include the following: Terraced Houses High-rise residential properties Detached houses Semi-detached houses  There’s also a difference between buying land property and a condominium unit. Landed property will cost you more, should you go with this option. However, while land property prices continue to appreciate, the value of apartments are dependent on local supply and demand changes in the market. Online Listings  If you’re looking for an apartment for sale, sites like PropertyGuru Malaysia provide a handy list of choices you can explore. This is going to help you tremendously since you no longer need to do an ocular inspection of an area’s potential homes before you can generate a list of all the prospective homes to check. Set Budget  When you’re buying a home, just like any other shopping experience out there, make sure you set a budget, says CNN Money—and stick to it. You really wouldn’t want to overspend at this point. A home comes with a ton of expenses. It doesn’t stop at your mortgage bill and down payment. You’ll have to sell out money for association dues, worry about insurance premiums, lose sleep over repair and remodeling costs, and more. Financing Options  There are also plenty of...

Factors to Consider a When Buying Home in a Neighborhood Country

Factors to Consider a When Buying Home in a Neighborhood Country

Apr 7, 2016

The time to buy is now, but you want to make sure you’re getting the most bang for your buck when purchasing a home in Singapore. Consider the following factors when looking for your next home in Singapore: Landscaping It is obviously important that your new property itself looks well kept and aesthetically pleasing. However, it’s just as important that the landscaping and the area or neighborhood as a whole is well kept as well. If the landscaping of the property and surrounding neighborhood is well managed, it is a sign that the local council is proactive and will be helpful when it comes to other issues. Lack of unplanned vacant land A lack of vacant land in your new property’s surrounding area is a good thing when it comes to buying your new home. It means that there is no risk of future construction affecting your road access or your property’s good view. Investigate whether there are any vacant areas around your home that could affect the value of your property in the future. Gated community Gated communities are in high demand and properties within them are generally much pricier than non-gated homes. According to Iproperty.com, properties in Desa Park City that were originally priced at RM450,000 are now priced at RM1.2 million. Bungalows, on the other hand, are much less in demand and lower in price than they used to be, considering the rise in condominiums and gated communities. If you’re looking for a less pricey home, bungalows may be the way to go, but if you’re looking for a property that will likely grow in value over the years, a home within a gated community could be a great investment. Near high-performing schools According to The Malay Mail Online, having a high-performing Chinese school in a neighborhood could add tremendous value to your property. More and more non-Chinese families are looking to move closer to these high-performing schools, bringing up the value and demand of properties surrounding the schools. More people want to live close to these schools, not only to send their children to them but also to have an excellent support system of parents. Neighboring locations Consider buying a...