Renovation Tips When Buying A Secondary Property

There's always have to do some renovation works if you buying a secondary property. But, what are the renovation works you actually need to do, especially if you plan to rent or sell it later.

Here are the renovation tips for you when buying a secondary property

① The renovation costs must no exceed 40% of the property value.

② The renovations must be practical and functional. 

③ The amount of money spent on renovation must suit the neighborhood.

④ Don’t follow too much of your own taste or style in the house

⑤ The costs of renovations will depend on how long you plan to live in the house

⑥ The quality of paint work

Visit WMA Property to read full article, or simply click the link at below to direct go to the article.
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Purchase A Property: Loan vs Cash

If you heard someone said that purchase a property by paying cash could get the discount on the property selling price. However, taking up a loan is the safest way to purchase a property. So, which one is better to purchase a property? Here are the explanation for you;

- If you plan to purchase a property for personal use, and if you have sufficient cash on your hand, you can purchase that property by cash. But beware of the property conditions, you have to hire a property inspector to conduct the inspection work of that property.

- If you plan to rent out your property, taking up a loan is more make sense and you should borrow as much as money from the bank as you can.

- Every property investors are not encourage to purchase a property with cash.

- You should not take the loan from the bank if the amount of net income which you get from the property does not cover or above the amount of loan payment that you have to pay back to the bank....

Visit WMA Property to read full article, or simply click the link at below to direct go to the article.

http://wmaproperty.com/blog/buying-a-property-by-taking-loans-vs-cash/

Increase Value To Your Home In 8 Sure Ways

If you're about to selling your house, and thinking how to add value to your home in order to sell it out at higher price. Besides of makeover the kitchen and loft conversion (which need higher costs), you should focus on the basic repairs work which can increase value to your home too.

Increase Value To Your Home In 8 Sure Ways

① Update Flooring/ Carpeting

② Repaint The Wall

③ Revamp The Entrance

④ Upgrade The Bathroom

⑤ Update Kitchen

⑥ Window Treatments

⑦ Change The Light Switches

⑧ Upgrade The Taps

In addition, your house condition is the key to decide whether increase or decrease the value of your house. Do hire a property inspector to inspect your house condition and get the report (if possible) and show it to the potential buyers that your house is still in good condition.

Visit WMA Property to read full article, or simply click the link at below to direct go to the article.
http://wmaproperty.com/blog/8-sure-ways-to-increase-value-to-your-home/

How To Become A Successful Property Investor?

With property investment, you can earn a massive wealth for yourself. However, succeed in property investment field is different kind of level. What does it mean? If you have a full time job, and you rent out your property as part time job, then you are simply a landlord. While, if you want to do big in property investment field, you've got to spend your time and money and may require you to quit your full time job to put yourself step into it completely. 

But, before you doing so, you have to ask yourself a few questions whether you're having these conditions and characteristics to get started. How to become a successful property investor? Here are the conditions and characteristics for your reference;

➊ Millionaire Mindset

➋ Start-up Capital

➌ Patience and Free Time

➍ Good at Communication & Negotiation Skills

➎ Age-Wise

➏ Pick the Right Property Investment Strategy

If you think that you are having the above all 6 conditions and characteristics, you're good to go for develop your property investment career and becomes a successful property investor in near future. In addition, it is advisable to find a mentor before make a decision about it.

Visit WMA Property to read full article, or simply click the link at below to direct go to the article.
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These Are The Places That Can Raise Finance For Your Property Investment or Business

If you are seasoned property investor, believe that you have been succeed in property investment field and wanted to do something big in this field i.e, turn it as your full time job or generate new business.

While, if you are doing business currently and wanted to extend your company. Hence, you need to introduce your company to other people and persuade them to invest in your company.

Whoever you are, you will need to knowing someone that are cash rich and looking to invest their money onto something that they interested. Besides, you need to socialize with that kind of people, so you have the chance to introduce your idea to them. In today, we will talk about what are the places that you should appear yourself at there.

1. Angel Investors

2. Social Media

3. Networking Events or Seminars

4. Private Members Club

5. Gyms

Once you have been active in the above places, we sure that you get to know someone that interested in your company and would like to hear more about your ideas and plans.

Visit WMA Property to read full article, or simply click the link at below to direct go to the article.
http://wmaproperty.com/blog/top-5-places-to-raise-finance-for-your-property-investment/

Top 8 Tips For Tenant Management

If you are landlord, believe that you are headache on dealing with your tenants. Reducing rent can harm your profits, increasing rent can cause the tenant run away while maintain the rent can be difficult sometimes due to economic activity unstable.

Being a landlord is similar with doing a business, you have to treat your tenants like customers. Here are 8 tips of tenant management for your to be a wise landlord.

1. Interview Prospective Tenants Personally

2. Invest In The Rental Properties Nearby Your House

3. Rent Out To Young Couples

4. Rent Out To Professionals or Foreigners With a Valid Work Permit

5. Rent out Unfurnished Property

6. Build Relationship With Your Tenants

7. Set A Tenancy Agreement

8. Automate Rental Collection

Visit WMA Property to read full article, or simple click the link at below to direct go to the article.
http://wmaproperty.com/blog/8-guidelines-of-tenant-management/

Tips To Choose A Right Property Agent

Buying a house can be very difficult and complicated, but its wonderful experience, Besides of taking up the right home loan to finance your dream home, it is extremely important to choose a right property agent during the process of home purchase.

Here are 5 tips for you to choose a right property agent;

1. Are they online property agent or traditional?

Online property agent or traditional property agent?

2. Take a closer look of the agent

Refer their website and search online whether they are illegal or legal company or having any property agent license.

3. Find out if he/she is right for you?

Visit the property agent's office and talk with them personally to see if they are honest and trust-able. Trust your intuition!

4. Tell them what are your requirements on the deal

Let them know your requirements and see their respond while answer your questions.

5. It’s time to decide to pick an ideal agent

Choose an agent that you comfortable with and the most importantly is you can afford for their charges.

To read full article, visit WMA Property or click on the link at below to direct go to the article.

http://wmaproperty.com/blog/top-5-guides-to-pick-the-right-property-agent/

The Important Of Mortgage Life Insurance

Do you know what a mortgage life insurance is? Let's imagine a situation, you taking up a bank loan to buy a house, you are get involved in sudden incident that caused you death or permanent disability (touch wood!), who should continue to pay for the house loan repayment? Your wife or your parents?

Before taking up a home loan, you will understand that the bank has the right to take back your home if you're no longer pay for the loan repayment or late payments.

A mortgage life insurance is designed to pay-off the remaining house loan in the event of death or total permanent disability. So, do you understand why this kind of insurance is so important for you? Wonder whether it is necessary to taking any one when buying a home?

Read full about this topic, visit WMA Property Blog @ 

http://wmaproperty.com/blog/do-i-really-need-a-mortgage-life-insurance/

These Are The Questions You Should Ask When Buying A Property

In order to avoid any misunderstanding or tragedy, property buyers should ask the following “must-ask” questions to their property agent before put down the initial payment for a house;

1.How old is the property?

2. How long has this property been on the market?

3. Has this property repetitively changes hands?

4. Which direction the property is facing ?

5. Has this property renovated/ revamped before? 

6. What can you tell us about the neighborhood? 

7. Why the property owner want to sell out his/ her property?

8. How long has the owner been lived in this property?

9. When will the owner move out?

10. Are there anything that included in the sale?

11. How was the asking price fixed?

12. What is the minimum price that the owner can accept?

For read full about this topic, visit WMA Property Blog @ http://wmaproperty.com/blog/these-are-must-ask-questions-when-purchasing-a-property/

Are You Able To Afford For A House?

Before you decide to buying a property with the purpose of either investment or personal use, you should know whether you are able to afford for a house in long run.

Let's imagine a situation, your savings is finally can pay for the down payment of a house that you wanted for a long time, however, lets think about after 5 or 10 years, do you think you can still pay for the loan repayments? Not sure right?

In order not to lose your beloved house in the future (if you're no longer pay for the loan repayment, your house will be taken back by the bank), you should ask yourself these 3 questions before buying a house;

Is your saving can pay for upfront costs?

--Other than initial payment of a house, you will still need to consider the other costs involved in the property purchase such as legal fees, stamp duties insurance and etc.

How much is your monthly income?

--How much is your monthly net income (after deduction of EPF and SOCSO)? Is monthly loan repayment exceeded 70% of your monthly net income? If so, this is not a good time for you to buy a house yet.

Understand your loan affordability

--Know how much of a house that you can afford to. If your monthly net income is unable to meet your dream home's loan repayment, you should look for other more affordable house.

For read full about this topic, visit WMA Property Blog @ http://wmaproperty.com/blog/how-to-define-whether-you-can-afford-for-a-house/