TALKING POINTS
Property360Digest e-magazine Issue # 9 - 2021
Things Nobody Tell You About When Buying a Home With Gunaprasath Bupalan
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For years now , I ’ ve been advising folks over the radio during my Property On Traxx show to invest in buying a home ( if you haven ’ t already ). I ’ ve also mentioned that a home purchase must be a smart one and not an emotional one .
As exciting as owning your first home , moving up the housing ladder , or investing in property may be , there are a few things you need to be aware of .
In this issue of Talking Points , I ’ m KEEPING IT REAL . I ’ m going to share with you , things no one actually tells you when buying a property .
Home ownership is an exciting experience and one that should be enjoyed , but the excitement can quickly turn to frustration if we don ’ t know all the ins and outs of purchasing a home . Don ’ t learn the hard way — do your research ! Remember , sellers often make mistakes too !
You need to be able to discover these mistakes from a buyer ’ s perspective . This could help you in negotiating and give you an advantage when talking with the sellers .
Here are some things you may want to consider :
Should You Really Give Up a Great Rental to Buy ?
How many times have we been told that home ownership is a smart investment and we should stop throwing away money on rent ?
Let ’ s take a step back and think about this scenario . Let ’ s play devil ’ s advocate . Let ’ s assume that you are currently renting a nice little apartment for RM1000 per month . Airconditioning , electricity and other utilities are included , there is a nice fridge , oven , dishwasher and microwave provided , and there are great laundry facilities available . In this situation , you know that your monthly costs are exactly RM1000 per month .
Now , let ’ s pretend you forgo this lifestyle because you dream of owning your own home . After house hunting , you find your dream home , so of course you excitedly buy it . After all , the bank says that your mortgage will only be RM1200 per month , so you can pull that off , right ? WAIT A MINUTE !