7 REASONS TO CONSIDER TO BUY OR RENT OR BOTH?
7 REASONS TO CONSIDER TO BUY OR RENT OR BOTH?
A lot of my client asking me about should they buy or rent?
First thing, I would ask, are you buying for ownstay or
investment? Exactly like any other agent.
However, not all agents will further analyze this for you.
So today, I will briefly explain it to you.
WHY RENT?
FLEXIBILITY
Do you know that a lot of celebrity also renting a unit
instead of buying? For example, Justin Bieber, Lady Gaga, Rihanna, AND MANY
OTHERS!
Renting won’t tie you down for 35 years with mortgage loan as renting just caused you minimum of one year depends on tenancy agreement.
You can move to anywhere you want, touchwood, who knows you will be relocated to other state because of work?
You can’t put your House into your luggage bag to move together.
And ofcourse if you were renting, you would have more money to do investment too~~
NEGOTATION
When you buy a property, you can’t negotiate with developer for a better package UNLESS you are property guru or bulk purchaser.
HOWEVER, you
can negotiate with the owner if you are renting! Especially when the owner is desperate,
you can get a value for rent unit.
VALUE
Maybe you can’t afford a luxury home, BUT today you can stay at luxury home WITHOUT RISK / COMMITMENT.
How to say?
A million-dollar house in Malaysia, doesn’t rent for million dollars, instead, it might be few thousand to ten thousand perhaps.
For example, a RM1.5m worth of Empire Residences Semi
D is only renting for RM7000 to RM8000.😮
Furthermore, you are not the one who need to pay for the property tax, accessment, or maintenance fees.
The worst scenario that might happened could be met a terrible landlord, OR your rental might be increase yearly,
but you always have OTHER OPTIONS in the market without getting tied up!
WHY BUY?
INVESTMENT
Saving won’t bring you more money than Investment!
Money drop while real estate value getting higher and higher.
Even inflation, it’s
still better than saving in FD, because property price will only restrain or
increase, won’t drop drastically.
OWNSTAY?
There’s no rush in buying home to stay instead of Investment. WHY?
I would always suggest your first home is buying for investment, because you must understand that you are not buying this house forever.
When you have more money, you will buy another house to stay. Ask
yourself is it a demand to buy for own stay? Can you still stay with your
family if you’re young?
AFFORDABILITY
Speaking of affordability means that can you really AFFORD this house? Will it be too TIGHT for your monthly budget if you buy this house?
Don’t overspent your money is the first and foremost when came to buying house.
Do see the current situation of pandemic, many people lose their source of income, and yet they still need to pay the mortgage.
So, remember, Do financial
planning and risk planning before buying any Expensive stuff, for EG: Property
or Car.
MORTGAGE
FIRST HOME NOT DREAM HOME, buy your dream home only when you are REALLY “Financially Stable”.
You must know that if let say you are buying under mortgage loan, you are BUYING WITH RENTING MONEY, with INTEREST of course.
You use this money that you lend to buy something that you hope for appreciate, but the result is unknown.
As there are many things to take into credit whether
or not, the real estate that you bought will be Appreciate and how well could it be.
So, Windz, Would you BUY or RENT? I would say, BOTH.
According to David Bach, a self-made millionaire, buying real estate is considered as
I’m currently Renting but also looking for a property that potentially or proven to be appreciate in investment as it might be one of my income when i decide to retire.
How bout you?
Share with me at the comment down below!
Contact Number: +6017 310 2900 (Windz)
Whatsapp Link: https://pjmidtownenquiry.wasap.my/
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