Category: Tips (11)

CONGRATULATIONS! So you have finally sealed the deal on your new home. Now, how much should you spend on renovations before moving in?

Truth be told, hacking at and tearing down walls of a newly-bought property are a norm these days, be it a brand new or lived-in unit.

How extensive the renovations should be would rest on the new owner’s investment objective; why he or she bought the property in the first place. Unless the intention is to flip the unit as quickly as possible, do expect owners to invest in some form of renovation works, or at least fit-outs for especially the high-rise units, which face renovation restrictions and limitations.

Space utilisation is very individualistic and personal. Not only do needs and wants vary from family to family, diverse views are common within a family. Understanding this, some developers have been known to walk the extra mile by offering customers varied layout options of the plan – that is, before construction work starts. Unfortunately, such customisation options could and would develop into a pretty nightmarish experience for both the developer and the buyer in mass housing.

Continue reading ..

1

说到买房子,眼看房价越攀越高,无壳一族的一定很心急。想慢慢思考,又怕耽误了时间;想赶快进场,又怕碰壁。说真的,买房这回事,一定不能急,一急就会乱;更重要的是;下订前,先看清楚前人走过的路,别再误闯盲点。

 

建议1:等跌价?机会淼茫

很多人会说,现在房价太高了,等一等吧!但邝保罗却一再强调,只要买对地点,房价并不会下跌。“基本上,靠近市中心或是中心外围地区的价格,普遍都不会下降,就好比蕉赖、蒲种、白沙罗一带,这些年来价钱几乎都没有下降。”他指出,只有很少数的偏远地区,价钱的涨幅则比较慢,也不会太高。

 

建议2:太远了?或可升值

何志富指出,很多人买房时都存有一个错区的观念,就是脑子已设定这个地方很远的刻板印象。大道缩减城市距离。但他认为,现在交通发达,很多大道都可以通往雪隆地区各个城镇,甚至去到邻近的州属。“

而且,高速大道的便利性也已经逐步在完善中,在高速大道通行后也缩短了城市间的距离。”然而,还是有很多人在听到布城(Putrajaya)、赛柏再也(Cyberjaya)、加影(Kajang)等较偏远地区时,刻板印象就是“远”,于是,就不会考虑在这些地点购买房子。

“买房子要预见该地区长远发展的潜能,必须在该地繁荣前购买,而不是等到开发之后才买,这样才能够跑赢市场。”

Continue reading ..

我国路上每年增加6万5000辆交通工具,包括汽车和摩托车,城市化的步伐越来越快。
各种因素再再反映了地区连接性,以及人流移动的重要性和影响力。

于是,政府开动了捷运工程,估计明年底前就可投入运作,届时,可纾缓进城的交通拥挤情况,更是房地产的强心针。

人人都知道,捷运是房地产的催化剂,只是捷运因素发酵将带动的真正效应,实在无人可以估计。

很多人在房地产投资上,已经做好迎接捷运年代的准备,你相信这捷运酵素的威力吗?还是依然非常保守的观望?

目前建筑工程如火如荼的捷运系统,明年底就可启用了。

届时,巴生谷将涵盖11条轻快铁、捷运、火车路线;到时,塞车塞得怕的情况多少可纾缓。

这样的连接网,如同人体营养输送带一样,将人流和创造财富的经济活动,一层接一层,一区接一区。

带来的还有经济活动、发展和增值;除了未来发展潜力无人可以估计外,房产业价格相信也将水涨船高!

你知道吗?我国这个只有不到3000万人口的国家,竟然有1100万辆车子和摩托车,意即70%的人拥车。

捷运机构(MRT Corp)董事马末阿都拉萨指出,光是吉隆坡,就有600万辆汽车和摩托车,2020年成为先进国后,数字将上升到1000万。

“要知道,我国车辆(包括摩托车)平均年度增加量是6万5000辆,如果不再提升现有的公交系统,恐怕我国日后将成了另一个曼谷或雅加达,被人讥笑是世界上最大的停车场。”

所以,为了应付日益增加的人口和车子流量进城市中心,政府必须规划和搭筑更加严密和方便的公共交通网络。

 

涵盖11条路线

“因此,捷运应运而生,政府相信通过提供更好、有利于人民的服务,将达到增加乘客人次和起到纾缓拥挤交通的作用。”

市场在期待,专家和政府都在期盼,预料明年底投入操作的捷运(MRT),将有助纾缓城市交通拥挤的情况。

这条我国第一条捷运路线,全长51公里,衔接双溪毛糯至加影,被视为改变人口居住地点、生活方式,甚至是左右经济发展趋势和房地产行情走势的指标。

马末阿都拉萨受访时说,未来的巴生谷,将涵盖11条轻快铁、捷运、火车路线。可以说,这张衔接各地区的地铁网,也如同一张运财的路线图。

此话并不夸张,看新加坡、香港、台湾和日本,有多少人会住在市中心?

正因为捷便的地铁,催化更多人外移到郊区居住,制造对工商农和居房的需求,才得以带动过去一直沉寂的发展和经济脉搏。

过去一直荒废的土地,如今有了更大需求,更高身价;过去的路边摊才得以成了一排排,甚至是偌大的商区。

Continue reading ..

Purchasing investment property can be complex.

This infographic shows 9 tips for first time property investors.

It can can help you start your property investing journey more successfully and set you on your way to a profitable investing career.

Hope it helps

 

first_time_property_investors_infographic

Tips-and-Tricks-to-Sell-Your-Home1

When selling your home, there is the perfect combination of things to do in preparation. While every seller will have unique circumstances, there are several top tactics that will benefit every home seller.

 

1) Make your Home Green and Eco-Friendly

If a home isn’t selling, evaluate your home and make modifications to improve your chanced of a speedy sale. Recent studies show that savvy Minneapolis real estate buyers are looking for greener homes that boast of energy efficiency. Turning your home “green” can seem like an expensive and daunting task but it doesn’t have to be! Start off by making small changes. Replacing your bulbs with fluorescent lights will save you and your buyer energy while also giving your home a warm and natural light. Re-evaluate where you’re leaking warm or hot air and explore options to re-insulate and stop airflow. Replacing old appliances is always a go to when thinking of becoming more Eco-friendly. Newer appliances save energy and water while making your rooms look updated and neater.

 

2) Upgrade your Home with Top Selling Features

This is easier to accomplish by knowing which home remodeling projects help sell a home. This doesn’t mean that installing a heated pool at this moment or a fountain in the front yard. By choosing home upgrades carefully, you can expect a better return on your money and time. It’s really easy as an owner, to start to overlook wear and tear in your home.

You may be better positioned to draw a strong home buyer pool by removing old wallpaper and repainting key rooms with neutral colors. Replace old carpet with new carpet or consider upgrading to hardwood floors if you have the means. It’s important that you grab a buyer at their first walk through of your home. You don’t want them to have to think about it, you want them to be impressed with what your house offers. Upgrading to stainless steel appliances and granite countertops will give the wow impression that you want.

 

3) Freshen up your Home’s Cub Appeal

While Realtors are fond of the phrase “location, location, location”, you can’t forget that a home in a great location still benefits from great curb appeal. Potential buyers who are driving by or walking the neighborhood will be quick to make assumptions about what the inside of the house looks like from the outside. Make your front door say “wow” and update your address numbers and mailbox for a sharp look. Small upgrades give your house a polished look.

 

4) Stage your Home after Understanding Better what Buyers Want

Staging your home is a very real aspect of getting your house ready to sell. How you live in your home is not how it should look when showing. The biggest step you need to take is to de-clutter your possessions. Start to throw anything that will be tossed when you move. If you’ll be putting items in storage, it will be worth it to remove them now.  Personal photos make it harder for a buyer to picture themselves in the house. Rearrange your home to optimize the space of your house with items commonly found tasteful.

 

5. Select the Best Real Estate Agent to Represent Your Home

It may be easy to select an agent based on suggested home list price. It is true that a prospective home buyer may overbid another purchase offer to be the winning bidder. However, typically it more important to have an agent representing your interests that will not overprice your home, but rather focus on marketing its best features. Discuss in advance of listing your home what your potential net profit may be.

Real estate agents and brokers who have been around awhile understand the skill, time, effort and measure of luck it takes to beat out the competition and get awarded a signed property listing agreement.

They also understand the marketing process; those things that must be accomplished in order to present the property to the real estate community, and then subsequently how to properly handle offers to purchase.

Okay, but on the other hand, real estate agents who have never listed and sold rental income property might not know the full scope of physical inspections that must be coordinated once the rental property is sold and enters escrow.

So for those of you who are just starting to service commercial real estate let me give you an idea of what you should expect to address in the way of property inspections. Of course we’re assuming that these inspections are requested by the buyer in the sale agreement as “subject to the buyer’s approval” and accepted by the seller.

 

1. The Walk-thru Inspection

A “walk-thru” inspection is where the buyer gets to physically enter and examine all the units in the rental property with an eye on the over-all condition and quality of the carpets, appliances, fixtures, and tenants. This inspection regularly takes place during escrow because sellers are reluctant to disturb or alert tenants about a sale until they are satisfied with the buyer’s financial ability to make the purchase and have an accepted signed-around purchase agreement.

 

2. The Infrastructure Inspection

This is where the buyer typically hires licensed contractors to make inspections for such things as pest and dry rot, plumbing, electrical, roofing, and maybe even mold. Obviously these inspections will be a cost to the buyer so they shouldn’t be ordered until the walk-thru inspection is approved.

Continue reading ..

first property

在百物叫涨的今天,年轻人想要购置人生的第一所房子,有时真的难如登天,但真的是不可能任务吗?

 

 

其实关键只在于年轻人愿不愿意先苦后甜,调整现有的安逸,暂时「苦行」一段日子,要拥有第一个家就不再只是个梦,但要经得起万事起头难的考验。 针对年轻人开始想规划购买房產,所整理的购屋者经验显示,如果想拥有自己的房子,那请儘早拥有。 该网站的贴文指出,买房子最关键的3件事是储蓄,理财及忍耐。

 

先谈储蓄,买房子的「入门票」是头期,这笔钱可以是每个月的储蓄、年终花红、公积金(但不建议)、父母家人支持,或投资资金转移等。 然而,多数人的头期来自于储蓄,惟对財力有限者,储蓄只適用在头期,而非全额购屋。 重新调整消费习惯 至于理財,就是做好自己的財务信用纪录,如每个月的付款、收入证明及所得税等。如果还在烦恼信用卡怎么还最低限额,这离买屋还很远。 稳定的收入,量力而为是购屋者必须要有的基本条件,因一般买屋分期付款就是30年的事,不还就是拍卖或被列入黑名单。確定在能力范围內能够支付贷款,同时不会严重影响生活品质。

Continue reading ..

property-no-refund-b21found my dream house. The developer’s office said the project was selling like hot cakes. Sales were on a ‘first come first serve basis’ and I must pay a deposit otherwise she would have to give it to someone else. Or was it a booking fee she called it?

 

I begged her to give me one week. Three days, she said. How very sweet and understanding of her. Bank loan? No problem… 85% loan margin? No problem, she assured me. If I could not get a housing loan I could always cancel and get my money back. I left the developer’s office feeling on top of the world. I had secured my dream house by paying the deposit. My dream turned into a nightmare when I could not get a bank loan. I had no choice but to forgo the house.

 

As if letting go of my dream was not bad enough, the developer now refuses to give me back my deposit. The lady said her hands were tight because it’s a management decision. It was not stated in the ‘option letter’ or ‘booking form’ that my purchase was subject to the loan approval. On reading the terms and conditions in the option letter/booking form, I now realised that all terms were inclined in favour of the developer.

 

What do I do? I just want my money back. I don’t mind if they keep a small sum for cost of paper work and for administrative purposes.

 

The above scenario is not at all uncommon.

Many house buyers are unaware of lending guidelines requiring loans to be tagged to net income as opposed to gross income. Many find that they are unable to obtain the financing they want and have to withdraw from an intended purchase before the sale and purchase agreement is even signed. The developer then refuses to refund the deposit or booking fee or whatever other payment which may have already been paid.

The unfortunate part about this whole thing is that house buyers do not have the luxury of a learning curve in which they can acquire the necessary skills to avoid getting themselves into trouble. Very often by the time they realised that they have made a mistake, it is already too late and the result can be traumatic and financially crippling.

This very noble and seemingly simple undertaking of buying a house, in a lot of cases, have gone terribly wrong.

Continue reading ..

This is an additional tips for RPGT that we discussed it in the early blog post. The RPGT is only imposed on net gains after deducting all costs involved such as the purchase price, renovation cost, legal fees and stamp duty. The government increased RPGT (Real Property Gains Tax) to 15% from the current 10% on all properties sold before two years from the date of purchase, and to 10% from 5% for properties sold between the third and fifth year in the recent budget.
 
Real estate property owners who are not profit motivated and not involved in speculation are eligible for RGPT exemptions on these accounts:

 

  1. RPGT exemption on gains from the disposal of one residential property once in a life time to individuals (citizens and permanent residents);
  2. RPGT exemption up to RM10,000 or 10% of the net gains, whichever is higher, from the disposal of real property by individuals (citizens, permanent residents and non-citizens); and
  3. RPGT exemption on gains from disposal of real property between husband and wife, parents and children, grandparents and grandchildren.

repayment-plan

Bi-weekly and extra payments can help to save on bank interests

When it comes to purchasing a property, it is vital to look into the possible steps to save on interests. Most Malaysian only pays a minimum loan installment every month and this cause the loan amount to double up due to the interests. There are 2 simple ways where the buyers can save money on bank interests.

 

1) Bi-weekly Payment Package
Instead of choosing a monthly installment, buyers can choose Bi-weekly installment instead. This payment method is popular in foreign countries, but not so popular among Malaysians. Instead of making a monthly payment, the buyers can pay half the amount, twice a month. Please refer to the example below. By using this method, the buyers can save at least RM42,495.71 in interest and 4.5 years on loan tenure. But everyone should be wondering what’s the catch behind this. The catch is, the buyers need to pay 1 month of extra installment per year, since the payment is calculated every 14 days. So instead of making 24 installments a year, the buyers need to pay 26 installments. Yet it does make a big differences in the savings.

 

2) Extra Payments Towards The Loan Principle
The second step would be, calculate 10% of your monthly installment and pay the additional amount towards the principle of the loan. By this the buyers can save RM78,000 interest and 8.5 years of tenure.

Continue reading ..