Kuala Lumpur Real Estate Calculator Finding a Home In Kuala Lumpur If you plan to rent or buy a property in Kuala Lumpur, finding your property will be a major step in your relocation to Kuala Lumpur. If you have not lived in Kuala Lumpur, you should rent rather than buy your property in Kuala Lumpur, at least for six months. If you would like to rent or buy a real-estate property in Kuala Lumpur you may email us at webmaster@malaysia-travel-guide.de with your real-estate questions. It is the best way to know not only if Kuala Lumpur is the place you want to live or retire for the next few years, but also if Kuala Lumpur is suited for you. Apartments & Houses in Kuala Lumpur If you are planning on living in Kuala Lumpur, it is likely that you will be living in an apartment/condo versus a house. Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning. Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don't count on real-estate agents in Kuala Lumpur to point out the negatives of a place they're trying to rent or sell you. Kuala Lumpur Agencies Real-estate agencies in Kuala Lumpur advertise in local Kuala Lumpur newspapers and as well on their office windows. You should be able to notice a real estate agency in Kuala Lumpur by the window full of ads for the different apartments or houses they have available for rent or sell in Kuala Lumpur. Before you begin working with an agency in Kuala Lumpur, check that their fees are acceptable and that they are a member of the Kuala Lumpur Real-estate Assocation. In most rental agreements in Kuala Lumpur most agencies charge a month's rent for a twelve-month rental agreement. When selling a property in Kuala Lumpur, real-estate agents in Kuala Lumpur usually charge between 2.5% and 3% of the final sales price. Monthly rent Kuala Lumpur: RM Monthly Kuala Lumpur rental insurance: RM Expected annual inflation rate in Kuala Lumpur:   % Purchase price of property in Kuala Lumpur: RM Down payment amount: RM Length of Kuala Lumpur mortgage term (years): # Kuala Lumpur Mortgage's annual interest rate:   % Discount points on purchase of home in Kuala Lumpur:   % Origination fees:   % Other loan costs in Kuala Lumpur: RM Mortgage Insurance (PMI):   % Kuala Lumpur Homeowner's insurance rate:   % Monthly association dues in Kuala Lumpur: RM Average monthly maintenance of Kuala Lumpur property: RM Kuala Lumpur Annual property tax: RM Kuala Lumpur plus government income tax rate:   % Interest rate you expect to earn on savings in Kuala Lumpur:   % Expected percentage your Kuala Lumpur home will appreciate by each year:   % Number of years you will stay in Kuala Lumpur: # Kuala Lumpur Realtor commission rate:   % Total estimated cost of renting a property in Kuala Lumpur: RM Total estimated cost of buying a property in Kuala Lumpur: RM After coming to an agreement on a rental or purchase, both parties in Kuala Lumpur sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Kuala Lumpur with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Kuala Lumpur will be affixed to the agreement. Renting Real estate agencies in Kuala Lumpur are the safest way if you want to rent or buy a property in Kuala Lumpur. Please make sure they are a licensed agent in Kuala Lumpur and very familiar with the Kuala Lumpur property market. Local newspapers in Kuala Lumpur also advertise apartments and houses for rent, but word of mouth is the best way in Kuala Lumpur. If you are currently an academic in Kuala Lumpur, you could check local at local universities in Kuala Lumpur, where apartments or rooms for rent are commonly posted. In general rental rates in Kuala Lumpur, increase by a small percentage each year in accordance with the government's annual cost of living reports in Kuala Lumpur. You can find yearly leases in Kuala Lumpur, and more short-term housing is available near academic institutes or around tourism areas within Kuala Lumpur. Short-term tourist housing in Kuala Lumpur is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Kuala Lumpur. If you want to buy a property in Kuala Lumpur, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Kuala Lumpur to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Kuala Lumpur. If you are buying a brand new property, you'll need to pay property tax in Kuala Lumpur. If your purchase is a luxury property, you may have to pay local taxes in Kuala Lumpur and possible stamp duty. Even as a non-resident homeowner in Kuala Lumpur, you may become liable for all kind of taxes in Kuala Lumpur, including income tax. Kuala Lumpur Mortgages If you plan to take a mortgage in Kuala Lumpur you need at least a 20% downpayment of the purchase price of the property in Kuala Lumpur. Even if you generate rental-income from renting your Kuala Lumpur property out, it is not considered by most lenders as you may decide to move in, at a later time. The Kuala Lumpur Real Estate calculator will help you to compare the costs of renting a house or condo in Kuala Lumpur to the costs of buying a house or condo in Kuala Lumpur. Since there are all kinds of forces at work behind the scenes such as the current interest in Kuala Lumpur, Kuala Lumpur property taxes, tax savings, appreciation in general to investments in Kuala Lumpur, comparing the cost of renting to the cost of buying in Kuala Lumpur is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. The Kuala Lumpur Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Kuala Lumpur. Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description. NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields. Property Types in Kuala Lumpur Kuala Lumpur Multi-Family Traditional, multi-family residential complexes located in Kuala Lumpur and suburban markets of Kuala Lumpur. Kuala Lumpur Mixed-Use Properties in Kuala Lumpur that integrate and combine residential with different uses, including retail and office spaces. Kuala Lumpur Office Traditional office or office type properties in Kuala Lumpur. Kuala Lumpur Retail Properties in Kuala Lumpur with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Kuala Lumpur. Kuala Lumpur Light Industrial Single- or multi-tenanted spaces in Kuala Lumpur used for warehouse, manufacturing, distribution, or research and development in Kuala Lumpur. 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