Category Archives: Investing

Common Mistakes to Avoid When Renting a House in Singapore

You can choose from many beautiful and spacious houses in Singapore when looking to rent. You do not want to do anything that will create a situation that is stressful and difficult while you are staying at the house. Making some mistakes could affect your tenancy and your enjoyment of the home. You can do several things to avoid the most common mistakes renting a house in Singapore.

Do Not Settle For a Substandard Rental

Something that can prevent a number of problems from the very start is to never settle for a substandard rental home. You need to look and compare properties until you find something that fits your needs and lifestyle. If you are trying to rent a house in Singapore, then use this online room rental comparison site to look at multiple listings quickly. These listings are usually updated on a daily basis. If you start with the right rental house, then you will have a far more enjoyable time living in Singapore.

stains on floors, walls and carpets
Avoid making any damage to the property!

 

Respect Every Part of the Property

You have to pay a security deposit when you rent a house. If you want to get this security deposit back, then respect every part of the property. Keep the house clean from the very start. Do not do risky things that could cause stains on floors, walls and carpets. Use appliances and fixtures in a reasonable way instead of pushing them to their limits. Take special care to respect the areas outside of the house. Do small maintenance tasks as necessary so that the house does not degrade during your stay.

Follow the Rules
Follow the Rules to avoid landlord removing you from the house!

 

Follow the Rules in Your Tenancy Agreement

You want to follow all of the rules laid out in your tenancy agreement when renting in Singapore. Do not violate even the smallest rule. If you do, then there is a chance that your landlord will take action to get your removed from the house. Do not allow new people to move in without permission and do not make unauthorised changes to the house such as tearing down a wall. Following the rules established in your tenancy agreement will allow you to enjoy the rental property without any unnecessary worries.

Avoid These Common Rental Property Mistakes

Take Advantage of the Amenities

Some of the homes for rent in Singapore come with amenities on the property or in the immediate community. Do not make the mistake of ignoring these amenities or avoiding them to minimise your presence. You want to take full advantage of all the amenities. Get out and use pools, barbecues or gyms. This is going to greatly improve your experience while renting the home. It will also add some value to your life. You want to make certain to use all of the available amenities because they are usually included in your rent.

The right rental property can improve your life dramatically while staying in Singapore. The house can become a safe haven where you are able to relax, spend time with friends and get away from everything. These tips will help you to avoid many common mistakes and to have the best experience possible in your rental home.

The Standard Process of Buying Foreclosed Homes

Real estate has taken a beating recently. One of the few silver linings in this downturn in real estate values is that there are now a lot of foreclosures available on the market. This offers a real chance to get a good deal on property. However, you should know a few guidelines before you set out to buy a foreclosure.

Foreclosures 101

Foreclosures are properties that have been repossessed by the bank due to default or turned over to the bank willingly. Once the property deed is turned back over to the bank, it will then put the property up for sale again in an effort to recoup its investment.

Pre-approval

The first thing you should do if you want to buy a foreclosed property is to get pre-approved. You need to get a copy of your credit report and review it for errors. Clean up any errors in your report. Then, take all of your paperwork, including your tax returns for income verification and employment history, to your lender so you can start the pre-approval process. Once you are pre-approved, you are in a much better position to negotiate and be taken seriously.

Get an Agent

The next step is to get an agent. However, you don’t just want any real estate agent. You want one that works specifically with foreclosures. Of course, you have the option to go it alone, and this might not be a bad idea if you were in the market for a traditional property. However, since you are looking at foreclosures, it’s best to enlist the help of an agent. One way to find an agent who deals with foreclosures is to search the real estate listings and sort by foreclosures. They will usually have agent information included. These agents work closely with the banks, and often know of properties that aren’t even listed yet. That is your inside track.

Know the Market

If you already have a home, make sure you study comparable home sales in your area. You’ll want to know the price range and length of time it should take to sell. This will prevent you from pricing too high or too low.

“As Is” Really Means “As Is”

Most of the foreclosure listings will include some language stating the property is sold “as is”. This means exactly what it sounds like. A lot of these homes have been sitting vacant for a while. Some also need repairs. All of this is part of the bargain when buying a foreclosed home. This doesn’t mean there aren’t good deals to be found. Just know what you are getting into. The listing is generally going to be thousands less than it would’ve been if not in foreclosure. Use some of that money for clean-up and minor repairs and within a couple months, you will have a new launch property (search here!) ready to move into or put back on the market for a profit.

5 Most Popular Cities for Real Estate Investment in Malaysia

There are plenty of wonderful locations in Malaysia that speaks to you – whether you’re looking for an investment or a home, the same “location, location, location” rule applies. We’ve rounded up the five most popular cities for real estate investment in Malaysia to get your money’s worth.

1. Penang

An amalgamation of culture, food, history and modernity, Penang has attracted waves of visitors for decades due to its long-standing history as a famous port and trading island in the early 1900s. Labeled as a UNESCO World Heritage Site, it retains its charming historical buildings amidst modern architecture, and its island geography make it a particularly popular spot for vacationers and expats. Properties in Penang has boomed over the years and continues to attract buyers due to its profitable growth.

2. Kuala Lumpur

The capital of Malaysia, Kuala Lumpur naturally attracts people from all over. It is modern yet full of character, humble yet a melting pot of people from around the world. It has become more popular as the main connecting city for flights across Southeast Asia but has also attracted a good number of expats through business, with many of them residing in the many serviced apartments or condos within the KLCC area. With a healthy economy and rising standard of living, many are flocking to invest here.

3. Ipoh

Formerly a sleepy mining town, Ipoh boasts amazing landscapes and surrounded by hundred-year-old limestone formations. Today, it is a welcome respite from the hectic pace of bigger cities. With friendly locals, great local food and a blossoming town, investors are beginning to show interest in the quiet, peaceful properties found in Ipoh.

  1. Selangor
  2. Johor