KUALA LUMPUR: THERE are many alternative investments besides stocks and bonds to help you achieve financial freedom when you retire.
If you are into properties, you can either invest in a real estate trust or buy a house and become a landlord by renting it out and selling it for a profit in the future. But buying a house can be difficult when you have little or no knowledge about the property market.
Many people, especially first-time buyers, make the mistake of buying a house immediately after walking into a sales gallery and listening to the sales person talk.
A buyer’s decision-making cannot be based only on what the sales person is saying.
Knight Frank Malaysia senior manager of international project marketing Dominic Heaton-Watson suggests doing a bit of research first before signing the sale-and-purchase agreement.
Five things to pay attention to before buying a property for investment:
• Research the location
Look at the transport connectivity and proximity to the central business district, and education and shopping centres. Will this become better in the future?
• Research the market
Ask who the target audience will be; what level of supply and demand is there? Understand the trends both now and in the future.
• Research the developer
Look for reputable track record in delivery and specifications/finishes.
• Research the product
Learn what finishes and amenities are expected and/or should be provided.
• Seek expert advice
Get the best of both worlds - seek global advisers with local expertise - not just on price, but also on how best to furnish, let and manage your investment professionally. Trust and confidence in your adviser will help settle any question/service you may need.
You get to own a house and continue pursuing your dreams without having to break the bank. Sounds great right?...
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