1) Location: Fundamentals to your well being and will determine its potential value
Bandar Mahkota Cheras: Location is about 30 km from KL which is not far. Nearby have Jaya Jusco Cheras Selatan which has potential value.
2) Ability to repay: You have to service your loan for many years to come and should buy within your means.
Prices range from 180k to 240k for a double storey house which is quite affordable. Assuming loan of 35 years, each month you need to service your loan about 1k which justify that your monthly salary should be above 3k. (Husband and wife combine salary should be no problem)
3) Rental or occupation: Establishing your objectives to buy will ensure you look for the right property at the right price.
1st House encourage to buy for own self stay.
4) Quality: Find out the materials used, finishes and project maintenance standards to ensure that you get good value for money.
Most of the house is developed by Narajaya that provide acceptable quality. My friend work as a civil engineer say most of the house is built by Indonesia worker, therefore whether you buy from SP**** developer or Narajaya, it is the same Indonesia worker. It don’t make any big different.
5) Developer’s reputation: Buying from a reputable developer will ensure a project will be completed on time and will not be abandoned during difficult time.
Most of the house is completed property. So you no need to worry the developer run away.
6) Neighbourhood: The surrounding neighbourhood will determine the safety and wellbeing of you and your family.
Most of the house or section in Bandar Mahkota Cheras have formed their own Housing/Taman Association and fenced them up as guarded community. You just need to pay about RM50 per month for the services.
7) Facilities: Good amenities and facilities will ensure convenience and comfort.
You have mahkota walk(Garden with lake) and a lot of shop lot. You even have 2 petrol kiosk which are PETRONAS and SHELL. Streamyx facilities available but only at selected location. You can complain to MCMC else you can used Izzinet, Maxis Broadband and Celcom Broadband. P1 not yet, coming soon.
8) Accessibility: Having good road connectivity will ensure easy travel and accessibility.
You only have 1 access road last time which is through sungai long. But now you have 2 access road. One is through Sg Long and the other one is through Bandar Tun Hussein Onn.
9) Resale value: The property should potentially provide good capital appreciation in the future.
After the access road is open, the value of the house increased about 10 %. Now, most of the house is from 200k onwards.
10) Financing: Choosing the best loan package will protect your interest over the long term.
Choose for Flexi Loan payment which can significantly reduce the interest that you serve. Local bank that offer includes CIMB, Hong Leong, Alliance, Eon Bank and Ambank.
Source: StarBiz Week 20 December 2008, page SBW25
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2 comments
Buying any property can be an exciting time of life, it is also a better opportunities for us. Those tips are what property buyers should definitely keep in mind. Anyway, thanks for the post!
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-Pia
condo Philippines
i think one thing that you should keep in mind before buying property that "Never let the seller know that you are very much interested in buying the property. If you show too much interest in the property, the buyer will get an idea that you are ready to pay any amount to buy the property."..
Newbuy