Property investment definitely is a lucrative market and a great retirement plan if well-executed and planned. However, the idea of property investment is not as simple as purchasing Cheras new property, which is in a prime spot and hoping that the price will appreciate. Check out the basic of property investment that you should here.
Pros & Cons of Buying Property
Before dive into more detail about the property, let’s take a look of the pros and cons of buying a new property in KL.
Well, the new developments are usually become the choice for the buyer with less capital, as they will be entitled to various attractive freebies offered by the property developer.
Depending on the developer itself, this is some of the usual freebies that offered as below:
- Rebate
- Free Down Payment
- Free Stamp Duty
- Free Legal Fees
4 Main Property Buying Criteria
Once you know your budget, the nest thing you will need to do is to find a new condominium for sale in Selangor that is suitable to your requirement – whether you wish to buy for investment or for your own residing home.
Below are a set of main criteria that you should look into when purchasing the property.
1. Location
Whether you are a seasoned or amateur property buyer, you should know there is a difference in purchasing for own stay or for investment purpose. For instance, if the Bangi new property for sale has been purchased for investment, it should have its own target audience.
Will they be families, bachelors or perhaps high-school students? Should the location be in the vicinity of public transport or public amenities? If you are purchasing for your own stay, you may want to be located in a more secluded area away from the hustle-bustle city lifestyle. For more information, check out our website to find out more.
2. Proximity to Amenities & Workplace
If you are an office worker or business entrepreneurs, you should purchase a new property in Sentul, that is easily accessible to the highway. This will eliminate the hassle for the long commute daily, and you don’t wish to be late to your office, right?
However, if you are a buyer that is looking for a high potential return in property, you can opt to purchase a property that is close to the high-density workplace such as the KLCC. This surely will ensure a steady flow of renters.
3. Facilities
Depending on the buyer, facilities sometimes play a significant role in the purchase of a development. Some of the family buying a serviced residence in KL for own stay may want the facility such as a gym or nursery for their children.
Besides, the student might not be interested as their need is only a room to sleep-in. All they care is the convenient and comfortability of the room.
4. Education Institutions
Next, the property which in the vicinity of education institution often been overlooked by a property investor. This is because the presence of an educational institution is crucial for buyers with the intent to own stay, as they need a learning hub for their children.
On the other hand, if the purchasing of property is for investment, the buyer might want to take note of the institution of higher education in the area if they are targeting the student rental market.