Tips for new home buyers ! To prevent regret~
I believe that every young person has a dream of buying a home, looking forward to the day when they can own their own home and personal space, and decorate it in their favourite style. After a long day of working, it is the most comfortable time to come back home. However, buying a home is not a trivial matter, after all it is not just a few dollars, there are also location, amenities, bank loans, hidden costs and so on!
So here are some tips that will help you understand and find your dream home quickly.
1. Know the background and Information of the developer
choosing a reputable developer can definitely reduce the risk of
delay and bad quality! Because local developers are more aware of the market demand and will comply with the relevant regulations, I would rather pay a little bit more for the quality of the house and the peace of mind!
2. Get familiar with and observe the surroundings of the house
Buying a house is not buying a bag, you can’t order a house just because it’s beautiful! It is essential that the house is beautifully built, but it is also important to consider the accessibility and location.
3. Consider the cost of furnishing and decorating
Buying a semi-furnished home is definitely better than buying a vacant one! Some large developers will just include the interior and major appliances so that you can move in with a bag! This is because the developer is able to get a better margin on the cost by ordering in large quantities and giving you quality appliances and décor, which can save you at least RM20,000! Be careful with the quality provided btw.
4. Make use of government incentives
Home Ownership Scheme (HOC), which is designed to provide financial incentives or concessions to enable citizens to save on the additional costs incurred after buying a home, including exemption of stamp duty on conveyancing documents, partial exemption of stamp duty on conveyancing documents, exemption of stamp duty on home loan documents and a 10% discount on property prices, etc. The HOC is expected to be extended until the end of this year, so take advantage of it!
5. Bank Loans
Whether you can get a mortgage or not, as well as the interest rate, will depend on your credit history. Keep an eye on your credit card, car loan and phone bill repayments, which are kept in the Central Credit Reference System (CCRIS) of the National Bank and in several private sector databases.
