Ways to Afford the Property You Want to Buy
It is always a desire for every family to own a home. Yes, the importance of owning your home is immeasurable. And to think that shelter is the top of the list when it comes to the most basic needs of a human, one should really strive to buy his own home. Of course, there are always rental properties wherever you go these days, especially that the real estate industry is booming in almost all parts of the world. However, it would be different when you won’t have to rent anymore and instead, become a landlord in the future, right? Yes, as once you have your own home, you have the option to have that rented when the need to move arises. And if ever you decide to sell as well so you can get a new property in your new place, the returns will be more than you can imagine.
But the problem here is, how to save up to buy a property in Malaysia, especially the properties in G Residen, Pantai Hillpark and Seni Mont Kiara. Yes and this article will give you some tips that can either help or give you inspirations to come up with more effective strategies so your bottom lines will be accomplished.
Trim not so needed expenses
Admit it, every month, there are always expenditures that you can do without like eating out, watching movies, buying new clothes just because they are in trend and so on. Some of these expenditures can be canceled as you have a project now. As they see, it is all about just a matter of priorities. Since your project is quite expensive, you also have to sacrifice a little and tighten your belt in other things that are not that important. This can be easier said than done though. However, every time you want to buy something that is just out of your whim, you have to stop and consider which would you like more, the one you are planning to buy or to own your own place. This way, you can stop yourself from doing unnecessary expenditures.
Start a dedicated account
Do you have a savings account? If you don’t have one yet, it is time to start one and this time, the account is merely for your future house. While a normal savings account will already yield an interest, still you get more if you choose one with a higher maintaining balance. Besides, you are not really planning to use the money in this account unless you will start the buying process of your house, right? So, it is basically okay if the maintaining balance is higher this time as long as the interest you will get is higher as well.
Automate your savings
It is not easy to change old habits and that goes with your usual expenditures. However, if you think you will have a hard time controlling yourself, you can ask your boss to help you by automatically deduct a certain percentage of your paycheck to your savings account. If this is not possible, you can talk to your bank and request automatic withdrawals from your checking account to your savings account. This should help you stop unnecessary expenses this time.
Down payment assistance programs
While a bank might not be able to assist you when it comes to your down payment, there are a few programs that might be able to. You just have to be resourceful and check each of them as you might find one where you can be accommodated. There are programs that will require you to be a low-earner for them to help while there are also those who don’t. Again, you just have to be resourceful. When it comes to down payments though, there are situations where they don’t really require the usual 20%. That is right and in fact, there are types of loans that will only require you about 3.5% and there are even those who really don’t require you of any down payment. Again, you have to check all your options as you might be able to stumble upon a goldmine that can help you ease your burdens.
Yes, to buy a property in Malaysia, you have to strategize. Note that not all homeowners are big earners. In fact, you will be surprised to know that some of them actually earn lower pays that you. However, they just focus on their goal and tighten their belts. At the same time, they are also quite resourceful in looking for ways not only to save money, but at the same time, to find other sources.
That is right and if you are interested in earning extra money so you can save enough for the down payment of your future home, here are some effective ideas:
1. Do you have an internet connection? I am pretty sure you do. You can apply for a virtual assistant. There are so many employers online that are looking for virtual assistants and sometimes, their focus is real estate like you will be looking for available properties and buyers at the same time. So, in a way, this will also orient you about the real estate world which is quite timely since you are planning to buy a house yourself.
2. Be an online teacher. This is one of the best things with today’s time. You can earn money in so many ways even just in your own home and one of that is to become a teacher. There are so many sites that are hiring online teachers to teach English to different nationalities like Koreans, Indians and so on. There are also those that are looking for teachers who can help students deal with their assignments.
3. Starting a blog can be a good way to earn money as well. Not only that, you can also be a writer. Writers are in demand these days with the advent of digital campaign. While blogging can also earn you a lot of money, writing for others can do the same thing. So, seek out those sites that are posting job vacancies as you might find one where you will be good at.
If you want something so much, you will be willing to bend a little just to achieve your goal. Earning extra money should help you save up enough amount for the down payment of your future home, so start looking online as for sure, you will find one in no time which can be a door to your future house. However, if you can’t afford it, do not consider to buy a house just yet. You should consider to rent property G Residence KL, Seni condo Mont Kiara, and rent Pantai Hillpark instead. But before you decide on which property, you should carefully decide between G residence kuchai lama or Pantai Hillpark apartment.