With the booming property market in Malaysia and continual escalating prices of properties, various property buyers often find themselves resorting to downgrade their ideal home from a two-storey linked house to a two-bedroom condominium. If you are a prospective first-time homebuyer, you are likely to encounter the first of many challenging decisions which is to either get a beginner home or save up for your eternal home. Everyone tends to define differently on what constitutes a “beginner home” or an “eternal home”.
Generally, a beginner home entails a joyful living for the homebuyers for at least five years or merely something that is ideal for a single individual. On the contrary, an eternal home refers to a home that homebuyers can envision themselves living for the rest of their lives when they start a family. As of late, home-buying behaviours have fluctuated as much as interest rates. First-time homebuyers tend to shop for homes that fit their budget rather than preference. Be it a beginner home or the wait for your eternal home, there are pros and cons to take note.