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