Guidelines for You to Buy A New Condominium In Kuala Lumpur

Buying a condominium is not the same as purchasing a landed-property. Several things need to be taken into account before purchasing. In many countries, buying a condo can come at a much lower cost than purchasing a landed-property. Generally, condos are part of buildings with multiple units, but a different owner typically owns each group.

If you are considering to buy a new house for sale in Johor Bahru, here is the guideline for you before you make your decision!

1. Find Out Whether A Condo Is Suitable to You

Yup, you need to ask a question yourself before purchasing your first property, “What’s the purpose of buying a condo?” Of course, there are many differences between a condominium and a landed property. If you are confused and caught up in the middle, you can consider into few issues.

First is can you imagine yourself living that close to your neighbours? Since condominium is high-density living, therefore you can expect it is less privacy compared to landed property.

Second, freedom of space is another factor for you to consider whether you want to buy a condo or landed-property. If the area is your ultimate concern, landed properties will never disappoint you. For instance, You may prefer the new condo for sale because you want to transform outdoor space into a garden, playground and extra parking space.

 

2.Budgeting, Budgeting and Budgeting!

Budgeting to safeguard you can afford to close on a condo (and continue to live in it) is essential to successfully purchasing and maintaining your condo. You have to consider the down payment and closing costs, property taxes, maintenance fees, utilities, home insurance and other additional fees.

3. Decide What Types of Amenities You Want

One of the reasons that you want to get a Sentul property for sale is because condominiums are famous for having complete lifestyle amenities and modern-day facilities. Nothing can beat the perfect facilities being provided by most homes.

Mostly every new property development in Malaysia will offer you from gym rooms. Swimming pool, playground, function rooms, common areas, tennis courts and parking slots and security services.

4. Find the Well-Known Property Developer

Understand and do some research about the property management company is crucial because you have to ensure the property you buy is well-maintained. To avoid a higher risk because there is no guarantee of quality, then you have to ask who is in charge of maintaining the day-to-day operations.

You need to consider doing your research and make comparisons on the reputation of developers. There are few projects for Rawang new property for sale. Therefore, you have to go with a public listed property developer or developers who have proven housing project for bringing a high-quality housing project in Rawang.

5.Upkeep and Convenience

Generally, some new condo buildings have security staff, CCTV, and there is a better sense of security. On the other hand, they will provide cleaning services in common areas. Therefore, you have to pay the maintenance fee for the upkeep of the condominium and its facilities. Understand those fees and ask in detailed about what’s included.

Typically, high-end condos are always located within prime vital districts. Sentul property for sale can satisfy those are looking for residences that not only offer extensive amenities but are also near to city centre Kuala Lumpur.

6. Get Housing Loan

“What kind of housing loan should I get?” There are many housing mortgages, and you should take a quick look about what kind of packages that will be provided by the bank, mortgage company and financial institution.

In Malaysia, there are first term loan, semi-Flexi loan and full-Flexi loan. You may consider having other loan compared to those three conventional loans, as mentioned before. Hence, you can get an Islamic loan where the bank buys the house and leases it back to you on instalment over some time if you want to buy a Bangi new condo.