As an adult, you surely would have thought of buying Shah Alam property for sale, but the whole journey would seem too overwhelming and daunting. Well, where do you even start and how does one research for property to buy anyway?
After all, real estate itself is a big-ticket item involving various processes. Thus, you need to buy the right property the first time around.
You could not just have try-and-error just to see whether it fits your requirements and needs or not. You should know that as a consumer, you don’t have the luxury as you are done with other goods such as smartphones, makeup or shoes.
In this article, let’s explore the steps leading up to purchasing a property in Alam Perdana township so that you would not make any unnecessary mistakes or face unseen hurdles.
Tip 1: Research in Prior
Before jumping into uncharted waters, it is always best to gain some subjects knowledge. Ideally, you would want to understand the basics of Puncak Alam property such as various types of house and land types available, type of house loans and leading guidelines as well as the qualities of the property developer.
Due diligence is necessary for ensuring you purchase the right home at Taman Alam Perdana that could meet all your requirements. Some of the factors that you can start analysing are the location of the property, accessibility, overall amenities and pricing analysis.
Tip 2: How Much Can You Afford a Home?
Just ask any financial experts, they will advise that your monthly loan instalment should not exceed one-third of your overall household income.
Let’s say you have a total combined income with your spouse of RM 9,000, then the monthly repayments of your first home at Bandar Hillpark Puncak Alam must not be more than RM 3,000.
Tip 3: Get an Estimation of Average Prices in Various Locations
Next, you can check out the current market value of the Sungai Buloh landed property for sale. This can be done at a various platform such as brickz.my that provides the latest transaction figures of landed homes as well as high-rise units of secondary properties in all suburbs of Malaysia.
You also can use the loan eligibility tool online to figure out if you will be able to secure the home loan up to 17 banks across Malaysia for the properties that you have eyes on.
Tip 4: Begin Searching Your Property
What is the property that you have an eye on? Condominium, apartment or semi-detached house? You can filter the category by the areas that you are interested in as well your budget range.
Nevertheless, you can customise your search about a new house for sale in Damansara according to the number of bedrooms, the built-up sizes and property types, be it new launch, auction or sub-sale properties.
Tip 5: Hire a Real Estate Agent
Didn’t know where to start in looking and buying a property? Hire a real estate agent! You could engage a real estate to help you out with the Rawang new property purchasing journey – be forthcoming with your requirement as preferred locations, home type, tenure, unit size land tenure and estimated budget.
Tip 6: Do You Have Enough for Down Payment?
Most of the first home buyers would have to fork out 10% of the property’s purchase price to serve as down payment while the rest of the home purchase price is financed via the bank loan.
Even though the industry standard is 90% financing for the first-time home buyers, the margin of the funding may vary according to the type of property purchased as well as your financial credibility at that point of time.