02/08/2023
Malaysia is a wonderful place to live. Not only is it considered one of the more affordable places to live in Southeast Asia, it also maintains its title as the best country to retire in. 🤩🤩
This means that if you’ve started searching for houses for sale in Malaysia, you’re already on the right path to setting up a successful future! While the Malaysian property market has been up and down in recent years, the good news is that right now is a great time to buy in Malaysia.😊😊
The first factor is make sure you do your property research. Whether you’ve lived in Malaysia your entire life, or have recently moved here and are looking to buy a home, research is the most important thing you can do before jumping into the housing market. Malaysia is a big country with plenty to offer, but which location will best suit your needs?😉
Whether you’re searching for a home as a young couple, a family or as an investment property, consider your needs with regards to:
Location, Amenities, The age of the property. Can you picture yourself living there and being happy? That’s the key!✅✅
The second factor is to consider your budget carefully. When considering your budget, the general rule is that your loan payments each month should not go beyond one third of your income. ✅✅
The third factor is to understand property types and the risk of your investments. Are you looking for a condominium, apartment, terrace house, semi-detached, bungalow, or SOHO?
Do you want to purchase a unit in an older – but potentially cheaper – building, or perhaps a sub-sale unit before it’s completed? Deciding on your property type is one thing, but then you have to weigh all the pros and cons and the average property prices, which vary significantly. ✅✅
The fourth factor is that if you are a foreigner, know what property you can buy in Malaysia. Unlike in many other countries, foreigners have a lot of choice when it comes to buying property in Malaysia.
From condos, apartments and landed houses, there are few restrictions to owning property on a freehold basis.
However, if you’re a foreigner, you cannot buy Malay-reserved land or agricultural land, or land dedicated and earmarked for Bumiputera needs. ✅✅
The fifth factor is to find an experienced property agent. An experienced, engaged and friendly real estate agent can be worth their weight in gold. Not only will they work hard to find properties within your budget for you, but they’ll advocate for you, coordinate viewings and communications, and protect your interests.
They should serve as your first line of defense against demanding sellers or developers, handle any mediations, and negotiate in your favour.
They should also, ideally, come with knowledge of the location you’re looking to buy in – from local amenities, travel times, distances to schools and other possible sale/purchase prices – to ensure you come out on top of your transaction. ✅✅
The last factor is to begin your property search. While there’ll still be a few other details to iron out, such as where and how you will take out your loan, and whether you’ll engage an independent mortgage advisor, now it’s time for the fun stuff! Start your property search online and get clicking! Have a look at what’s available and make a list of areas, bookmarking properties that seem in line with your wants and needs. 😇😇
Take all things into consideration and collate all your research – don’t get swayed by family or friends who tell you unsubstantiated trends or rumours about property trends. Finally, make sure you find out if what they’re telling you is true by asking people within the industry, and through reading plenty of current news about Malaysia’s property market. ✅✅
Feel free to contact me for more information and questions❗️❗️
👤Ethan Ong 宇腾
016-710 6506
Whatsapp: https://wa.link/w2h2ox
https://wa.link/w2h2ox
https://wa.link/w2h2ox
