It's either your parents think it's time you flee the nest, you're getting married, a baby's on the way or you're ready to freefall into this thing called adulting. Whatever your motivation may be, buying your first home
It's either your parents think it's time you flee the nest, you're getting married, a baby's on the way or you're ready to freefall into this thing called adulting. Whatever your motivation may be, buying your first home is a lifetime achievement, despite it being the biggest financial commitment you'll ever make.
Everywhere you read online and everyone you speak to will most likely tell you to expect plenty of highs, lows, and sharp curves ahead — especially with our crazy housing market. But don't let that scare you off. As with anything else, knowledge and preparation can go a long way in building confidence as a first homeowner. So, take a deep breath and get ready to make your big move with these first-home hunting tips.
If you are a Malaysian between the age of 25 to 35, you're the key demographics of the property market and chances are you're seriously considering to buy your first home- a smart thing to do especially right now during the pandemic because property prices have dipped (a delightful advantage for you).
But then again, many still adopt the wait and see approach before purchasing. Sean from iherng on Youtube explains in this video about how there's never really a best time to buy, especially if you're buying for your own stay. It's as simple as this: whichever way, you need a roof over your head, so instead of paying rent, use the money for a mortgage and own a home instead. Makes sense right?
It's imperative to be super realistic when it comes to home purchasing, which is another way to say, manage your expectations. Yes, your parents bought their first landed home for RM250,000 in Damansara back in 2000 but today, with rising material costs, inflation, scarcer land, a growing population and a concoction of many other factors, a high-rise is your best bet for a home in a location you love.
If you're a proud Cheras native, or simply want to live close to the city centre, M Vertica, Cheras might be your cup of tea. If you can't imagine living away from all the superb lifestyle amenities Kepong has to offer, M Luna, Kepong is perfect for you.
Located next to the Kepong Metropolitan Park and scheduled to be completed by 2024, the two-to four-bedroom units at M Luna, Kepong will have built-ups of 700, 850 or 1,000 sq ft, fitted with air conditioners and water heaters. The selling price starts at RM385,000 per unit or RM550 per square foot (psf).
Many of us had that dilemma in the early stages of our first-home hunting days- to live in a landed home far away from work and spend more time and money travelling to work every day, or live in a high-rise residence that's less than 30 minutes away. We realized that people were happier when they lived closer to work, because they didn't need to have years shaven off their lives being stuck in daily rush-hour traffic jams.