6 Practical Tips To Help You Find The Right Property To Invest In
Whether you're a first-time homebuyer or a seasoned investor, investing in properties can be tricky and complicated.
Are you thinking of investing in a property?
Whether you're a first-time home buyer or a seasoned investor, investing in properties can be risky, tricky, and complicated, especially when there are so many different factors to consider.
However, by doing proper research and familiarising yourself with the property market, you'll find that investing in the right development will not only help you diversify your investment portfolio, but ultimately, it may also bring in lucrative returns.
1. If you're planning to invest for the long haul, try looking for a property that is freehold
While leasehold properties may be cheaper, freehold properties often retain and grow in value in the long run, making it a more feasible option when it comes to investing. This is especially true if it's situated in a strategic location, in which the capital appreciation of the property is expected to increase steadily over the years.
Plus, there are far less stringent limitations involved when it comes to transferring the ownership of the property, allowing for more convenience for you to sell it during an opportune time.
2. Determine your budget and do your sums
When it comes to building a budget for investment, you'll need to remember that there are various costs to consider, such as your monthly loan repayments, renovation costs, downpayment, and taxes, among others.
Make sure to calculate all the costs and do your sums well, so that you'll be able to determine the full amount you need to pay and if there are any costs you can cut down on. For instance, while the property you desire may be more expensive, if it's well-designed and fully-furnished, this means that you get to save on renovation and furnishing costs.
3. Determine whether you should invest in a residential development or mixed-use development
Mixed-use developments offer a commercial enclave consisting of malls, hotels, medical centres, corporate offices, and residential projects, while residential properties usually provide limited facilities and bigger space.
While the former is usually on the pricier side, mixed-use developments may command a higher rental yield, thanks to its convenience. On the other hand, residential developments usually appeal to bigger families or those looking to stay long-term, plus allow for steady capital appreciation over the years.
4. Consider whether you should invest in a property located in the city or on the outskirts
Some developments are further away from the hustle and bustle, which makes you feel like you're getting away from it all and living in a private bubble.
However, those who enjoy an urban lifestyle would prefer a home in a more central location, with plenty of amenities right at their doorstep, in addition to the city life located just a stone's throw away.
Another thing to take note of is the neighbourhood's reputation. Take Bangsar for example. Known for its affluent and central neighbourhood, as well as urban lifestyle, it's one of the more attractive neighbourhoods in the market. After all, there is a higher demand for properties located in a central location that's close to multiple business hubs.
5. Look into the property market and rental prices
If you're looking to invest in rental properties, make sure to understand the property market well, such as the location and average lease rates, so that you can potentially get the most out of your side income.
The great thing about investing in a home that has a good location and facilities is that, once you do it up nicely, you could even charge above market value to generate more income. At the end of the day, many tenants are willing to pay more in return for a nicer and more comfortable place to live in.
6. Conduct thorough research on the property and developer
Don't rush when it comes to buying or investing in a property. Take your time to survey the location and development. Also, do research to find out more about the developer, including their background and completed projects.
And if you are uncertain about anything, always trust your instincts and ask questions, be it about the development, housing loan, or procedures. Other great ways include asking other residents in the neighbourhood or getting a second opinion from an expert.
If you're looking for a luxurious high-rise that is worth investing in, Alfa Bangsar is a great fit in terms of location, facilities, and so much more!
Developed by City Motors Group, Alfa Bangsar is an upcoming residential gem located just along Jalan Maarof, making it a perfect match for its Bangsar address and lifestyle.
The distinctive feature about this new mixed-use development is that Alfa Bangsar is currently the only freehold luxury apartment in the area. The luxury apartment offers an array of restaurants as well as commercial and retail outlets, all of which are bound to attract residents looking to stay in the city, while still enjoying privacy and tranquility.
In other words, the brand new development not only offers convenience, but also an escape from the hustle and bustle within the city itself. Ultimately, the luxury apartment is set to be a significant new landmark in the heart of Bangsar.
What's also cool about the development is that it's home to the American hotel brand, Holiday Inn!
As it's a luxury residence, Alfa Bangsar wants to bring the Holiday Inn experience to your home. From a rooftop sanctuary, to high-class restaurants, and even a sky park, luxury living has never been more convenient and accessible.
Here's what else the residence offers:
- Roof garden (Level 5)
- Hotel facilities (Level 8)
- Sky park (Level 38)
- Residential facilities (Level 42)
Additionally, Alfa Bangsar houses a range of functional layouts, from 570 to 997 sq ft
The high-rise building comes with just nine units on each floor, which means more privacy and better ventilation.
With five different unit layouts, including studio suites for working adults and homes perfect for small families, Alfa Bangsar wants to offer luxury, private, and tranquil living catered to everyone. Best of all, city life is just right at your doorstep!
Here are the unit layouts in Alfa Bangsar:
Type A
- 1 bedroom and 1 bathroom
- Size: 570 sq ft
Type B
- 2 bedrooms and 2 bathrooms
- Size: 856 sq ft
Type C
- 1 bedroom and 1 bathroom
- 1 utility room
- Size: 689 sq ft
Type D
- 2 bedrooms and 2 bathrooms
- Size: 711 sq ft
Type E
- 2 bedrooms and 2 bathrooms
- 1 study room
- Size: 997 sq ft
The best part? All units come with a walk-in wardrobe.
Ready to begin your property investment journey with Alfa Bangsar? Head over to their website for more info!