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If you move outside the cities, you may be able to save on the price of housing. Be aware, however, that the bank is often more reticent about lending you money for a home in a suburb than in the city. Transport to work can, in turn, run up well if you live in the country. Maybe you need to set aside a large amount for bus and train tickets, or you need to buy a car or 2.

A car easily costs 50,000 dollar a year when you include maintenance, financing and depreciation. For the same amount, you would be able to repay and repay on an annual mortgage loan of almost 1 million. Transport time you should also consider. For example, do you have the time and means to spend an hour in transportation to and from work every day? For Pandan Indah Kuala Lumpur, or a location like Desa Park City, this is important.

Size: What is your space requirement in the long run?

The size of the home is important to consider, because your needs may change over time. Consider how you imagine your situation will look in 5 and 10 years. If you are planning to have (more) children, you may need to expand. But it can be expensive and it may not pay off. If you are planning for the children to move away from home soon, conversely, having a home that is too large can be expensive and cumbersome. The costs in connection with the sale and purchase of a home can easily run up to more than 100,000 dollar just for real estate, documents and the move itself. In addition, paint, furniture and other extra expenses.

Financing: Which loan should I choose?

If you buy an owner-occupied home, you must, according to the law, make a payment of 5 percent of the purchase price. You can borrow the rest of the purchase price from a mortgage bank and the bank. Mortgages have the lowest interest rates and the lowest costs, but you can only borrow 80 percent of the purchase price from the mortgage lender. The bank loan can cover the last 15 percent of the purchase price, but the loan is more expensive in interest than a mortgage loan. Mortgages can either be fixed-rate so that you pay the same interest throughout the term of the loan, or it can be with a flexible interest rate, a so-called Flex loan. 

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Georgia Ortiz