Buy a New or Subsale House
Pros and Cons that need to be considered when buying new development (under construction) house or subsale house.
Many experts in property investment always say, buying a house or property is about location, location and location. Yes, I agree that if we are looking to buy a property for investment, location is the key factor to be considered. Because right location will ensure demand in rental and appreciation of house value. After 3x considering location, what’s next we should consider?
For me, the next thing will be either to buy new development (under construction) house, or to buy subsale house. I have personally experience in both. And its hard to say which one is good and which one is not. There are Pros and Cons in both condition. Below I have listed some of the Pros and Cons that are usually happen. It may be updated time to time based on your comment, if any.
Feel free to share your experience.
New Development (under construction) House
Pros Cons
Low down payment Cost for progressive interest
Margin of Finance up to 100% (depends on developer) Cost on rental for current house (if any) while waiting the project completed
Entitlement of warranty by developer Long waiting period to move in (up to 3 years)
Free legal fees (depends on developer) Could not check quality of the house due to under construction
Possibility of project delay or abandon
Lawyer appointed is act on behalf of developer. If any dispute or problem raise, buyer should appoint his/her own lawyer
Subsale House
Pros Cons
Can check quality of the house and environment based on the actual house High down payment (normally 10%)
No cost for progressive interest House value is higher than under construction house (for the same category)
Less waiting period to move in (3 to 6 months) Cost for legal fees
Lawyer appointed will act on behalf of buyer
Can make negotiation with seller on the price, repairing, etc
Popularity: 2% [?]
bro, teringat zaman MPP. Nak tambah skt, subsale klu menjadi bole dpt rumah free.
mrl(Quote)
hm..MPP ka…bila tu nk continue balik?? LVR dah set ke 70% ni…ada cara x nak manipulate? kalau amik loan dengan syarikat insurans ble dapat 90% MOF ka?
Pepun, vote for subsale..kita beli apa yang kita nampak, xmacam new development..
sargeant(Quote)
mrl
macam mana bole dpt rumah free tu?
zalina(Quote)
Kalu nak beli rumah baru, saya lebih suka buat booking slps dah nampak rupa bentuk rumah tu walaupun fully booked. Just in case ada bank reject loan, then i dpt offer dari developer. Mungkin harga ckit naik, tapi tiada risiko pemaju lari dan infra siap spt dlm brosur..
2bz4money(Quote)
rasanya posting kat atas tentang pro and cons pun kita dah nampak…pada saya…dua-dua ok…
tapi lebih prefer sub-sale kot pasal cepat…..
tapi ada jugak developer yang buat promotion utk rumah baru. siap bagi diskaun dan juga free item…contohnya ada satu developer tu siap bagi free lampu, kipas, grill rumah..n kitchen cabinet…dengan harga jualnnya…kalo camtu..UNTUNG woooo…
x payah nak kuar duit lagi….:-)
wan BR(Quote)
salam..
minta izin untuk c&p ke blog saya…
Farid Adam(Quote)
Ahmad & Bashar thanks for your comments! I used them in the post
Burton Hachting(Quote)