There are many available schemes to help the nation to buy a house, such as PP1M, Rumah Mampu Milik and so on. With the increasing cost of living and stagnate pay cheque, many people have started buying properties for investment purpose. Property investment is a good way to earn passive income. This article will teach you some basic ideas to make profit from real estate investment.
1. Buy to let
2. Rent to rent A rent to rent is also known as sub let. This is similar to buy to let, with the only difference is that you rent a property at a cheap price and rent it out to make a profit. You make a profit from the difference between the rental you pay to your landlord and the rental you get from your tenants. 3. Flipping There are 2 ways to do flipping: 1. Buy a cheap property and sell it off; 2. Buy a worn out property, refurbish it then sell it off. There are some things that you should avoid to ensure you are making the best out of flipping: Not paying enough attention to the property market You need to keep yourself updated to the latest and most current real estate trend to know which neighbourhood is the best for flipping. You will need to do enough market research to find out more on the property market. Miscalculation of budget You need to bear in mind that you are not only paying for the house itself, but also the miscellaneous fees such as renovation costs, legal fees, taxes, utilities fees, maintenance fees and so on. You might also need to apply for a short term loan. All these should be taken into account when it comes to calculating your budget. Auction property Buying an auction property for flipping purpose is not a smart move as all property auction do not allow you to do an inspection of the property, which makes it a risky thing to do. You might end up paying more than what you should. In conclusion, there is no shortcut when it comes to making money from property investment. Therefore, you will need to do your homework and research to generate more income for you. Check on the location, the type of property and amenities available before you buy a property for investment purpose.
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There are many properties for sale in Malaysia. First time home buyers can check out the available schemes such as RUMAHWIP, Rumah Selangorku or PR1MA. Buying a smaller house will also be cheaper and more affordable. This article will guide you through some tips to make a small space feel bigger. Right proportion Choose the right proportion for your furniture that you want to place at home. Avoid getting furniture that is too big for your house as this will only make your space looks smaller than it already is. It is suggested to always keep some air or spaces between the walls and your furniture. Keep it low to the ground It is said that furniture which is lower and nearer to the ground will give a feeling of openness in the house. Therefore, it is advised to place mattress direct on the ground or use a loft bed to create the feeling of openness in your bedroom. Show a little leg Although the above tip suggest to keep furniture as low as it could to the ground, you could choose furniture with legs if you do not like your furniture laying low to the ground. Furniture with legs allows air and light to flow in, which makes your furniture look like it is floating. Mirrors Mirror is said to be the fastest way to make a space looks bigger and brighter than it actually is. Whether or not it is a myth, it is true that they are good in reflecting sunlight in a room. However, it does not work the same when mirrors are placed in dim spaces such as the bathrooms as there are no direct sunlight for reflection purpose. Instead, you could use some framed mirrors to make your space appear brighter and more spacious. Keep it white White color reflects cleanliness and openness. Paint your house white to create a cloud like effect that enhances your house design. In addition, neutral colors give an illusion of a bigger and more organized space. Not only it is comfortable to the eyes, it also makes your space looks bigger than it already is. Minimalists will definitely like the idea of keeping the house white. Keep it simple Last but not least, keep everything simple. Less is more, so try not to buy too many furniture for your space as it only makes your space looks crampy and small. Avoid exaggerated patterns or drawings that could be too overwhelming for your house. Instead, go for paintings that are simple that will visually expand a small room. In conclusion, your house will definitely look more spacious if you follow the tips above. Most importantly, it does not cost as much as you think it would be. If you have the budget, you could definitely engage an interior designer to help you on the design. If not, you could always visit Pinterest to have a look on how people design their house. |
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