Use Malaysia’s Real Estate Market to Your Advantage

You can use Malaysia’s real estate market to your advantage. Many people move to the area because they are transferring to a new location at work or they are finding a new job in the region. In addition, some people simply move to the area because that is where they wish to retire or it is where they wish to make their lives with their families. The most important thing to remember when it comes to finding a great place to buy or rent is that using the real estate market to your advantage is imperative in Malaysia or in any other location. Fortunately, there are a number of ways that you can accomplish this successfully. However, it does require you to be diligent and to have enough discipline to carefully look at every possible option and gain a comprehensive understanding of what is available on the market and how much it will cost.

Regardless of where you live, learning how the real estate market works is important when it comes to purchasing great property without spending more money than you need to. Real estate markets have a tendency to fluctuate and if you can learn to accurately predict how that fluctuation will benefit you, you can purchase great property at a minimum price instead of paying a premium for property that is less than ideal. This is practically a universal truth and it is one that many people who have become adept at purchasing real estate have learn the hard way. Instead, it is much more effective if you learn the skills before you spend money unnecessarily. Check the current Malaysia’s Real Estate Market at StarProperty

HouseimageWhat affects property values in Malaysia? As with almost any other location, property values are directly impacted by the number of people that are moving into the area as opposed to the number of properties that are available for sale or rent. Supply and demand affects real estate values just as much as it does with virtually any other commodity. When there is a high demand for property and there is essentially not a lot of property to go around, you can expect to pay more regardless of whether you are renting or purchasing property. Conversely, if you are able to find property that is in a good location at a time when there is not as much demand, you can purchase it at a reduced cost.

The caveat is that when it comes to property, most of the property that is in prime locations is almost always in high demand. That is why you pay more for property that is by the water or is close to downtown because everyone wants to live in those areas and therefore, there is always a high demand for the property that is available. Your first key to success is learning everything you can about various areas of Malaysia and choosing the area that you want to live in. You can then investigate property values in the area and decide if that is something that will work for you or not.

By carefully examining property values, you can make the real estate market work for you instead of against you. This can help you relocate to Malaysia or to virtually any other place in the world. In addition, it has the potential to save you valuable money that you can then use for other needs. Therefore, it is absolutely imperative that you take the necessary amount of time to understand how property values are affected in the area and then use that to your advantage.

Renting Apartments in Malaysia: A Guide for Long-Term Rentals for Foreigners

Are you relocating to Malaysia for work? Or just visiting for a few days or weeks? In either case, renting an apartment may be the best option for you.

 

Long-Term Rentals

Anyone moving to Malaysia and looking for a long-term rental will be pleasantly surprised with the amount of rental choice and ease of renting an apartment. The procedure is very straightforward and rental options can easily be found using an agent, through classified ads, or rental websites. Rental periods are usually for a period of two years, but terms are negotiable and you can often add an early termination clause. Tenants are normally responsible for paying all utilities and a two-month refundable deposit is generally required. Make sure you agree up front who will be responsible for minor repairs during the tenancy. As an added bonus for renters, agent fees are normally paid for by the landlord.

 

tiny roomShort-Term Rentals

Hotels are not the only option if you are visiting on vacation or a short-term business trip. Short-term rentals are a great choice for anyone who wants to feel more integrated into Malaysian life during their trip, whether you are in Malaysia for just one night or several weeks. Renting can often be cheaper than a hotel stay and there is no shortage of options, whether you are looking for a studio apartment or something more suitable for a family. Renting can also increase your choice of neighborhoods options, whether you want to stay in a business district, residential area, or beachside. There are numerous agents and websites specializing in aiding visitors in their search for a short-term rental and it is just a matter of choosing the right one for you.

 

Serviced Apartments

Serviced apartments come fully-furnished with access to a wide range of amenities and are available for both short-term and long-term rental. Although serviced apartments can be significantly more expensive than other types of rentals depending on the area in which you are looking, they are a good option if you value your free time and convenience above all else. You can often choose a serviced apartment that offers meals and cleaning service in addition to many of the other services traditionally offered by upscale hotels. Start searching for a serviced apartment here.

 

Buying Property: Advantages of New Property Over Old Ones

When looking for properties to purchase, there are a number of factors to consider. You can first begin by studying the immediate-to-medium property market term trends. The U.S census bureau statistics indicate that on average, the median home prices at the end of every decade increases. Factors such as aesthetic home fixes can also affect the value of properties, especially when selling; such fixes include upgrades in electrical systems, re-roofing, foundation replacement and plumbing jobs. It is imperative that such modifications are only noticeable when they are either in bad state or lacking.

Home improvement fixes such as interior or exterior paint application and door replacements can also increase or diminish the rates of return-on-investment of properties. This is in addition to landscaping, which can potentially overhaul the fortunes of a dilapidated property into an overnight jewel. When a property you intend to purchase turns out to be a bad investment, do not buy. This is because properties are supposed to generate nearly or above the same amount of cash required for its maintenance. Even though property prices may rise in the long term, the period in which this may happen is usually unknown. In the meantime your course for investing should be for the purposes of making profit or at least not losing money month after month.

interiorYou can also compare property prices for condominiums @ Propwall for similar properties in the area before making a purchase. During this period, remember to determine such aspects as the property management cost, mortgages, taxes, utility cost and insurance in order to compare the expenses against the cash flow. There are several advantages in buying a new property over an older one; be it a bungalow, a condominium or an apartment. Some of the top 5 advantages include:

Diminished levels of maintenance: this is because new constructions are designed to last a while before repairs are performed.

• Energy efficiency: Many new homes come with energy saving technologies such as the use of solar panels, insulated floors, walls, ceiling and dual pane windows.

• Modern and chic conveniences: such features and built-in conveniences may include microwaves, dishwasher, wine coolers, master suit bath and refrigerators.

• Buildings crafted and developed according to the spelled-out codes: Most new homes follow strict laid down guidelines for construction to ensure safety and the rule-of-law.

• Builder’s warranty: reputable home sellers and constructors in some states can offer up to 10-years warranty on property, as a safeguard to the homeowner’s investment.

 

Buying A Foreclosed Home: Requirement Tips

So you are thinking of buying a foreclosed home as an investment or even to live in? There are some things you should know before stepping in this highly lucrative business. A property developer in Malaysia has some tips on home requirements for buying a foreclosed property.

Buying a foreclosed property sounds very simple. Someone can’t pay their mortgage, the lender forecloses and the house is offered for a low price. Many people try to scoop them up for pennies on the dollar, but there is much more involved than this.

As a buyer of a foreclosed property, having the financing in order before making an offer is a very important requirement. Perhaps you are looking at a home that has been put on the market from your local bank. These properties are called REO, or real estate owned by a bank or institution. The lender is trying to dump these as fast as they can because they don’t want the cost or expense any longer.

That is good for the person wanting to buy it, but if you go in without securing the financing first, wanting that bank to finance the home for you, it is very likely that won’t happen. Make sure if you are looking a foreclosed properties, you get a letter from the lender stating you have the monies available to make a purchase.

foreclosure propSome lenders will require money set back for repairs if they are going to give you a loan. They can require money put in an escrow account, or they can ask you to show them an amount in your portfolio that will be used just for the repairs.

If there is a home you want to purchase that has the homeowner still living in it after they were foreclosed upon, some banks will offer a window that will allow the homeowner a chance to bid on their property to buy it back. Being aware of these clauses and conditions is important when choosing the foreclosed home. Make sure you do your homework and know which properties may have this clause.

Most REO properties have bank personnel that will want to work to get ride of the homes because it is considered an asset that is costing them money. If a home is not damaged and is what they consider move in ready, the home will most likely go at market price and there’s not much wiggle room when you make an offer.

But if a home needs a lot of work, then there may be a chance you can make an offer to buy the distressed home at a discount. These banks don’t want to make any repairs so they will sell it as is. Knowing how the deal will go down is one of the requirements you will need to secure a loan if you are not paying cash for the property because the lender may require you to put money back for repairs as stated earlier.

Buying a foreclosed home can be a simple process but do your homework first.

 

 

Overview of Marc Residence, Kuala Lumpur

Kuala Lumpur is a widely visited international destination. This beautiful Asian city offers much for visitors. People come here to sample the famous local cuisine with the area’s emphasis on fresh seafood and various Asian spices as well as enjoy world class attractions that include the Petronas Towers and the area’s vibrant nightlife.

If you are thinking of staying in Kuala Lumpur, you will need a place to call home. Marc Residence is one of the area’s most elegant condominiums. Units are available for purchase by those living there long term as well as for shorter stays. People may buy a condo. Many homeowners also chose to rent out their units for a short period of time to out of town guests.

Information is widely available on this prestigious development. More on Marc Residence KLCC can be found on various websites as well as the via the condo’s management company. Many homeowners also provide more on Marc Residence KLCC with individual listings that they put up to entice those seeking a short term stay here or to even looking to buy a condo in the residence.

You may also visit klcc-living.com for more Marc Residence information and find a tremendous resource about all aspect of the area and the residence. Marc Residence offers people a great many short term, long term and investment housing opportunities. Everything from single studios consisting of a single room and ideal for the single person to large, multi-roomed housing with several bathrooms is available here. The complex takes up two full city blocks and has two buildings with two 35-story buildings.

 

Marc Residence Entrance

 

Marc Residence Pool

 

 

Each unit for sale or temporary rental varies in amenities, square footage and special luxuries such as private elevators and services. The complex also offers common services that all unit have access to just by being part of it. Such services include a private playground, swimming pool, tennis courts, fully equipped gym with major access to machines to help workout and common rooms that can be used for all sorts of purposes including private parties and family get-togethers.

[gmap addr=”Marc Residence, 3 Jalan Pinang, 50450 Kuala Lumpur, Malaysia”]Marc Residence[/gmap]

 

 

People may expect to pay a fee to own the condo as well as fees to help maintain it each month. Such fees are comparable to other condos in the area. They also compare favorably to similar complexes available internationally including in major cities such as New York and Tokyo. Buyers will find similar amenities. They will also find that the Marc Residence is located in the very heart of Kuala Lumpur.

 

 

The residence is a quick walk or ride to many local area attractions. If you are planning to stay here on a business trip, consider the Marc Residence. The complex is centrally located. It also has many amenities that allow people to enjoy family life. Your stay is much easier when your family is happy. Investigate the many options available in this complex. You will find this complex suit your needs easily.

How To Negotiate A Commercial Lease

Negotiating a commercial lease takes a lot more work than negotiating a lease for a residential property. There are many clauses, escalators and other fine print that you have to comb through to ensure that you are getting the best possible deal. What tactics should you use in the negotiating process to ensure that you are getting a good deal?

 

 

 

Get A Competent Commercial Lease Broker

When you are looking to rent commercial office space, you should always negotiate with the assistance of a commercial real estate broker. This person will help you find a good location as well as help you determine how much you an afford to pay in rent. Scheduling an appointment at your broker’s office can be beneficial. If you don’t want or cannot afford a typical office space, you can see MORE office types here or visit MalaysianToday.com.

 

How Much Can You Afford To Pay In Rent?

The rule of thumb is that you don’t pay more than 10 percent of your gross sales in rent. If you are making $100,000 in sales per month, you can afford to pay up to $10,000 a month in rent. Business owners looking to rent commercial property should know that rent is often calculated per square foot and presented as an annual figure. This means that your landlord will most likely tell you that the rent is $50 a square foot per month and costs $50,000 a year to rent.

 

Protect Your Investment

Many business owners rent space in an area that they think will draw the most traffic. Typically, you want to set up in an area that is already being used by a big company. For example, a business may want to set up shop in an area that has a large grocery store or other retailer in the area. However, if that retailer leaves, your foot traffic could decline as well. For that reason, make sure that you have a clause in your lease that lowers your monthly rent or allows you to leave the location before the end of your lease.

 

Don’t Become Emotionally Attached To A Property

Your broker and your potential landlord will spend weeks negotiating the terms of your lease. Therefore, you should stay calm and collected throughout the negotiating process. If you seem too eager, your landlord won’t be willing to give you a deal that is more to your liking.

 

Hire Legal Representation

The final step in the process is to hire an attorney who will review the lease before it is officially signed. Your lawyer will go over the entire document to ensure that it is worded exactly how you want it to be. If your legal counsel raises concerns about the deal, make sure that you listen carefully.

Negotiating a commercial lease takes a lot of time and effort. With so much money riding on your lease, make sure that you cover ever detail before signing it. A bad lease could doom your business to failure.

 

Serviced Offices Provide Simple Business Solutions

Whether you are just starting out as a small business owner or work for yourself and need extra office space, a serviced office can be exactly what you need. A serviced office will provide you with the extra space you need to conduct your business affairs in a professional manner. A serviced office contains each of the office necessities you will need for running your office space, and these offices even offer perks like an answering service and access to office equipment. What’s even better is serviced offices are cost effective. If you live in Kuala Lumpur, there are serviced offices in Kuala Lumpur that can help your business.

 

When you choose to rent a serviced office for your business venture, you are choosing to rent your own private space that will help you handle your business uninterrupted (also see Negotiating The Most Out Of Office Rental Agreements). Whether you want to use it for a personal office free from the distractions of a home office or you need extra room for visitors or meetings in you small company, serviced offices provide valuable space for any business reason. What’s even better is a serviced office can be completely budget friendly. When extra space is needed for your home office or small business building, serviced offices can help.

 

 

Jakob + MacFarlane, Orange Cube Office Building, Lyon, France
Jakob + MacFarlane, Orange Cube Office Building, Lyon, France

 

 

A serviced office is a cost effective way to get the valuable space you need for your home office or business space. Serviced offices come a variety of office supplies like computers, televisions, communication devices, meeting essentials, and any type of office supplies that will contribute to the success of your business, and they also offer the convenience of tastefully decorated and modern office furniture. Whether you need extra office space for your small home office or your moderately sized business, serviced offices can help give you the business edge you need for the success of your company.

 

 

This modern and unique Vodafone Office is located in Oporto, Portugal.
This modern and unique Vodafone Office is located in Oporto, Portugal.

 

 

 

 

 

 

Selling Your House – Taking Practical Pictures for Your Property Listings

Selling a piece of real estate can be tough. This is not particularly a niche for buyers. Nonetheless, there are techniques of taking pictures to aid in making this task easier. There are several points that would-be real estate brokers can follow to ensure that when people glance at the photos, their interest is piqued instead of destroyed.

The first thing to remember is to cover the necessities. The whole picture album must consist of all the things that a purchaser would be focused on. These things include the front as well as the rear of the property. Bedroom and living areas ought to be fully documented. The backyard, bathrooms, and distinctive areas including fireplaces or pools must also have snapshots.

The more images there are of the home, the better. This gives prospective buyers the option to get a full concept of what they are in for should they opt for the property. A lot of sellers consider it a good idea to provide a floor plan and a mini-guide to further familiarize prospective buyers with the house.

Each time a photo is taken, care has to be assumed that no extra objects are found in the pictures. Each item in the photo should belong and cannot divert from the message. Extremely personal items should be kept out of the image.

It is best to take pictures on sunny and bright days. Cloudy photographs can give the perception of a dreary or shadowy area. While lighting problems can be restored with photo touch-ups and camera configurations, it is better not to rely on it. It could take some time to get the most suitable weather, but it is worthwhile for that perfect snapshot. Edited images may give the suggestion of fraud, which can turn off loads of prospective buyers.

Any pictures taken need to cover the entirety of the area concerned. Taking half-pictures could make possible buyers extremely doubtful. It is advisable to allay any fears by being as honest as you possibly can. Capturing the entire area helps make the seller appear extremely dependable. To assist with this, people ought to use wide angles to deliver a better perspective of what to expect. Uneven shots or wide-angle lens should be avoided. This is not a stylistic photo session – it is a visualization of the property or properties for sale.

There are lots of easy errors that people can avoid. For instance, avoid the use of camera flash when the space is already well-lit, as it can make it look over-exposed. Also make sure that the photographer is not accidentally included in any photos. Any clutter must be cleaned up. Photographers should fight the need to set up the scene because it can make it look artificial or bogus and again discourage a customer. This is not something that anyone wants.

It is important to have a very good understanding of just what the camera being used is capable of doing. For do-it-yourself aficionados, it is better to get a reasonable camera and to understand its capabilities. Things like shutter-speed, ISO, and aperture are all fundamental. Slow-speed shots does make interior shots look much better. For people who just do not have the talent for photography, there is no shame in hiring a professional to take the pictures. A professional may run you money, but they may go a long way towards a deal.

Honesty is the greatest policy here. The best photoshopped images will break apart the minute the client chooses to have a look at the property directly. There is totally no gain to lying at this time. A properly presented home will entice the most ideal kind of buyer and will eventually have that property sold in virtually no time. List your property at StarProperty.my

Leasing Property

For those that are really thinking about leasing their property, they need to make sure that they keep a few things in mind. Whether it is a bungalow or a condominium, one needs to really make sure that they are really able to lease it the way they want to. It can either be seen as a great investment, or a financial disaster, depending on the amount of time that one prepares ahead of time for this all. One will not want to buy property for sale or property for rent that is not well put together and organized, so home owners need to keep those tips in mind.

Whether it is a house for sale or house for rent that one is putting up on the market, one needs to know that this is a big bold step. It is a little bit different than actually just selling it out. One may want to rent it out instead, so they will need to take different steps. This is what one would see when they look at an apartment for sale, or an apartment for rent. There is a huge difference between the two. One needs to make sure that they are very temperament and able to receive calls at all types of times throughout the day, because people are going to be interested and they will have questions.

It is all about being honest and carefully considering all of the facts when one is thinking about leasing their own property. One is doing this on their own without the help of a real estate agent. There are also many different zoning laws in each area that people need to make sure that they are familiar with, if any. One shouldn’t assume that they can just automatically rent out their home or town home just because it is a good investment or they need the money. A lot of research is needed regarding taxes, local laws, neighborhood deed restrictions, and much more.

People need to also make sure that they have the necessary finances to pull off this type of investment as well, because it does actually take a lot. Money is tight, and one may need to consider being able to handle two mortgages, and even two different property taxes. When things break, since they almost always do, one needs to be able to take over the situation and handle it with their skills, abilities, and even time. They will need to be able to run over to the property and fix them. That is why it is a little different to rent out property than to sell it. Auction property is something else that should be considered but a lot of work needs to be invested into those as well.