There are many available schemes in Malaysia, such as RUMAHWIP, Skim Rumah Pertamaku (SRP) and so on With so many types of properties available in Malaysia such as landed properties, condominiums, serviced apartments and so on, it can be confusing when it comes to choosing the right property to invest in. The rising of property new trend such as SoFo, SoVo and Soho has gained popularity in the past 5 years. Although these properties are commonly known in the Western countries, it is still a relatively new trend in Malaysia. This article will tell you why a SoHo is worth investing.
SoHo, also known as small office, home office, is unit that has a strata title. SoHo units are also suitable and convenient for newly weds, young singles or professionals to incorporate their work-space into their living area. SoHo units that are built on commercial land are allowed to function as both a workplace and also a home.
With higher ceiling, buyers can easily design a classy home by fully utilizing the vertical spaces provided. For example, buyers can go for a full-length wall bookshelf with additional rolling ladders. This will bring a touch of sophistication to your unit. You can also use the wall space as a projector screen for movie nights with your friends and family. Some SoHo units come with built in platforms furniture to help you with organizing your living areas. You can use the platform furniture areas as your meeting room, study room, bedroom or even a TV lounge. For SoHo units without platform furniture, buyers can enjoy the spaciousness of the unit and the high ceiling. Buyers can also opt to build a built in platform if they would like to have it.
The SoHo units make a great place for small business owners who prefer a high class property where they can enjoy some personal time or conduct business meetings. Some people prefer a SoHo unit instead of a normal regular office. Having a SoHo allows you to hold poolside meetings with your clients anytime you want. You can also choose to hit the gym with your colleague during lunch time for a quick workout. In conclusion, a SoHo will make a great place for owners of small business. If you like the idea of having a unit that can work as both a home and an office, a SoHo unit will be most suitable for you to invest in.
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Are you planning to buy a house on your own? With so many available schemes, such as PR1MA, buying a house is no longer a far fetched dream. This article will tell you how home ownership is more expensive thn you think. First of all, the cost of owning a home is more than its selling price. Think about the costs that you have to bear after paying the huge amount for down payment: 1. Renovation cost After getting the keys to your home, the first thing that comes to your mind will be home renovation. And home renovation might cost more than what you expect, even if it is only a basic simple renovation. There are lots of renovation items that will cost you a lot after you itemize them, such as the lighting fixtures, curtains, air conditioners units, bathroom accessories, electrical works, window grills, cement screeding, painting, haulage fee and more micellaneous fee that will add up to a huge amount after you are done with the renovation. Sure you are allowed to take those articles with title “renovating your home with less than RM10,000” for reference, but do read article like this with a pinch of salt as most of them do not include furnishing costs such as the beautiful furniturethat you see from the article. In addition, simple fixutre such as the lighting is not included in their renovation costs as well. 2. Opportunity cost Bear in mind that the moment you buy a house or a condominium, you are actually letting go some good opportunity that might be even better than owning a home. This is one of the few options that people will ever consider when they purchase a property. Most Malaysians have failed to realize that the huge amount of money they spent in buying a property could have been used to generate returns if they were to invest in other investing channels. Do bear in mind that you the cost of buying a house is not as cheap as there is also renovation cost to take into account. Therefore, it would be a huge sum of money and that would be the actual cost of buying a house, not including maintenance fee. That being said, the home buyer should not be too happy when he is able to sell the house for say, RM600,000. Think of the opportunity cost that he has missed out on when buying a house. Of course, if the home buyer bought the house for investment purpose, meaning to say, renting it out, that will then be a valid reason in arguing that it will have a higher return as compared to investing in risk free assets. In conclusion, owning a property is still considered a great financial decision, especially to young working adults in Malaysia. However, do bear in mind that owning a house is actually more expensive than what most people expect. |
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