Check out the neighbourhood.

Renting a property first before buying a house in a neighbourhood gives you some insights of the community there. By renting a property first, you can always have the option to move to another neighbourhood if you find that the place is unsuitable.

No maintenance costs

By renting a property, the maintenance is covered by the landlord. Whenever something breaks in he house, you don’t need to bear the cost of the repair. However, keep in mind to not let these be reasons for you to be an irresponsible tenant.

Free from property taxes

As a renter, you don’t need to pay for the property taxes and other fees. There will be less hassle for you and you just need to be regular with your monthly rental fees.

 Less risk and financial burden

Renting a house means that you don’t need to worry about the house value when property prices goes down in the market. On the other hand, you can even benefit from it and can get better prices when housing prices decline.

No renovation costs

You don’t need to spend money on renovation as houses for rent are usually fully furnished or at least completed with the basic facilities you need.

Renting is not beter than buying a property as it is based on your need. If you are a working excutive who travels a lot, then renting can be the best option for you. Look at your overall needs to see if renting could be the better option for you. There are plenty of house for rent that you can look for through many different channels including the newspaper, property websites, notice board and many more.

Find a house for rent in Malaysia online using HomeGuru online property portal.

Based on the Finance Bill, disposal within two years of acquisition will be taxed 30%; in the third year, it will be 20%; in the fourth year 15%, while disposal within five years and beyond will still be subject to 5% tax.

The latest measure, which will come into effect in January next year, has been described as “a knock-out punch” by Deloitte Malaysia country tax leader, Ronnie Lim.

“It was merely four short sentences in the 2010 Budget speech. However, that short reference to RPGT carried a knock-out punch,” Lim said in a statement yesterday.

He pointed out that from the speech itself, many would have thought that a low rate of tax of 5% would apply to most gains arising from disposals of real property.

“Be prepared for a shock – this is not the case and the highest rate of RPGT will be 30%,” he said.

Most rates of RPGT from January 2010 will be restored to those prevailing immediately before its suspension in April 2007.

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