16 September 2010

Should I buy or rent?


 
 S. K. Brothers Realty Sdn Bhd general manager Chan Ai Cheng explores the upside and downside of both renting and buying.

 WHY RENT?

• When time is of the essence
Rent is the ideal option when you need a place in a hurry or on a speedy basis. This is because the process of renting a property is way faster than the process of buying one. A rental transaction can be done in just a day or two! Besides that, you have the  choice of the length of stay that suits your needs. You can opt for a year or two, or on a month-by-month basis.

 What's even more attractive to those who are in a hurry is that you have the option to rent a place that comes   fully furnished – just carry your bags in! Of course, there is a slight premium to pay for a fully furnished place. Having said that, in situations where time is of the essence, you may not have the luxury of time nor the upfront resources or necessary contacts to furnish a place to a move-in condition that quickly.