Investing in Ipoh Real Estate: A Beginner’s Guide

If you are a foreign investor and you are interested in properties for sale in Ipoh – Propwall.my, you should start by hiring a good lawyer and learning the lingo. Most words used in advertisements for real property has legal ramifications. The local culture and laws can be and probably are very different from the culture and laws surrounding real property in your native land. Thus, talking with a good lawyer can be critical to understanding the implications of words like “leasehold” that you may see in Malaysian real estate ads which may be unfamiliar to you. A leasehold property is not being sold to you in perpetuity. If you do not understand the difference between that and freehold land, you could be in for a nasty surprise down the road when the leasehold period ends.

 

Ipoh Property

 

 

Next, you need to learn to do a quick and dirty assessment of value. In real estate, value is determined by “comps”. In other words, valuation is based on comparing the property to other properties with very similar characteristics, properties which are comparable. The closer they are to being identical, the more confident you can be that their value is close to identical. It is important for them to be in the same neighborhood and have some of the same characteristics such as number of bedrooms, number of bathrooms and square footage. If you are seeing similar properties priced very different from the one you are interested in, then you need to find out why that is. There may be a perfectly valid reason. There may be differences in the property that you have not noticed. But it could also just be priced inappropriately. A good practice: Learn to routinely compare similar properties in the same neighborhood as potential investments.

Before you spend a dime on any real estate, make sure you do your homework. Real estate investment can pay off handsomely. But, if things go wrong, it can also cost you a great deal. Investing in a foreign country can be very attractive because there can be a huge upside. But huge upsides are usually one side of a coin where the other side is a huge risk. The way to mitigate risk is to do your research and go into it very well informed. This means hiring qualified professionals who are deeply familiar with the local market and doing your own research as well.

 

Here’s Why Everyone Should Move to Ipoh, Perak

If you are looking for a place to live that has a laid back lifestyle, great food, fresh air and sunshine, clean and fresh water, and modern healthcare facilities, then take a look at Ipoh, Perak.

 

Where is Ipoh?

Ipoh, which is pronounced “ee-poe,” is in Malaysia, and it sits on the Kinta River at the meeting of the Sungai Pinji and Sungai Pari rivers. This area is encircled on three sides by scenic limestone cliffs, granite mountains, and a thick, tropical jungle. Plus, the area also features caves, lakes, and rivers nearby, which makes it great for those who like to do things like rafting, hiking or spelunking. Plus, it is only two hours from Georgetown, which has been declared a UNESCO World Heritage city, as well as about the same distance from the capital city of Kuala Lumpur.

 

Ipoh Town
Ipoh Town

 

[gmap addr=”Ipoh, Perak, Malaysia”]Ipoh, Perak [/gmap]

 

Budgeting is Easy in Ipoh

This city is quite popular with Malaysian retirees, and a typical couple can live here with a budget of about $1,000 a month if they plan right. It’s quite possible to find a two bedroom apartment for between $200 and $250 a month US dollars.

 

San Bao Dong Temple Ipoh
San Bao Dong Temple Ipoh

 

 

 

What Does Ipoh Offer?

Ipoh has many things to offer western retirees who are looking for a nice, quiet place to get away from the stress and strain of everyday life. They will find English-speaking people here in Ipoh, and the Visa program is very flexible at letting foreigners live in the country. There is even shopping malls, a China Town section, and more to attract interested parties in renting or buying Ipoh property.

 

Ipoh HorFun Noodle
Ipoh HorFun Noodle

 

 

If you are searching for a place to live in Ipoh, then it’s best to use a property agent to help you to find it. They can quickly show you all of the possible condos, homes or apartments up for rent or sale. In fact, this way you save money as the property owner is the one who pays the rental agent’s fees. Some rentals are furnished, and even supply the dishes and linens. Others may be partly furnished and some are unfurnished but still may supply a stove and refrigerator.

 

Tune Hotels Ipoh
Tune Hotels Ipoh

 

The bottom line is that Ipoh is a friendly and beautiful place to retire and many people are joining in the interest in this Malaysian paradise. If you too are looking for a place to retire, then get in contact with a rental or property agent today to check out Ipoh.