15/12/2020
The criteria of buying a house 20201215
1. Freehold.
2. House building structure strong and good. Roof structure is good, No leaking. No Cracked. No window and door frame rotten. Floor tiles good. Ceiling reasonable. Bright sunshine and good air flow. No white ant. It is clean, no smell.
3. Location is good. Near main road, bus stop, highway, LRT, MRT. Easy to rent out.
4. Near to 24Ssg. Easy future property management.
5. Minimum repair and renovation before renting out.
6. Cheap.
7. Initial Money pay out is small.
8. We have reserve to pay legal fees. Valuation fees. Stamp duty on MOT totaling about RM20T.
9. Monthly bank loan instalment is small. The different between the rental income and the bank loan instalment is small.
10. Able to fully make use of Bank Staff cheap staff interest rates.
Although only the difference of 0.5%. Because of the large amount of Loan and long-term. It is a very big difference. You must compare total repayment of 2 loan. Same Loan amount, same repayment period. See what is the total repayment different.
11. It does not form a heavy burden to affect the quality of our family lives for the next 10 years.
12. We buy this freehold landed property is for the purpose of regular saving and hedge against inflation.
13. After 10 years, you can sell away this house and buy a good, ideal, lovely beautiful double storey house around Taman Salak South without much financial stress. He has much more alternative, selection and choice. New struction and design. Better neighbourhood and environment, Near Minson’s school. Near morning fresh market. The house is level with the outside front road. Facing south, Bright Sun shine, good fresh air ventilation. Good purchase price.
Recommendation by Lim Hong See
15-12-2020.