Jakarta – The most common way to buy a house is a Home Ownership Loan (KPR). But, of course, there are several other ways to buy a house which can be considered.
Property consultant Anton Sitorus mentioned two payment methods for buying a house without a mortgage, including hard cash that is paid off immediately, cash in installments or what is commonly known as in which will be paid over several years while the house is being built.
Anton said that both methods can be chosen depending on the financial capabilities of the prospective customer. However, each method has advantages and disadvantages that can be considered.
“If you pay hard cash, the developer usually gives a big discount and pays in one go. For example, if you pay in installments (money) in stages, you may the developer is able to give a discount but it is not as much as hard money,” said Anton to detikcom, Monday (6/5/2024).
Developers will be more daring in giving big discounts because they are getting large sums of money upfront. At the same time, the discount on the incremental cash method is not as much as hard cash because the price of the house still depends on the operational construction costs.
“For example, if you have a lot of money and you can pay in installments in stages, in my opinion that would probably be better because in installments, buyers usually pay in installments to the developer without interest over a certain period of time,” he said.
So the amount paid is based on the price of the house only. In addition, payments are lighter than hard cash because the period can be up to 2 or 3 years.
Separately, a property observer who is also the Director of Global Asset Management, Steve Sudijanto, explained that hard money is the easiest way to buy a house with hard money that is paid off immediately when the ready money.
“What is very interesting after that is the method with incremental cash from the developer. So the incremental cash scheme is a purchase without the KPR facility because the KPR facility requires regulations from the bank that will past the KPR,” said Steve.
The method of buying a house with money in installments does not involve a bank, so the specified terms and installments depend on the agreement. However, Steve revealed things to consider about this method, including the legal aspects.
The reason is that when the shares are held, the buyer only holds the Sale and Purchase Agreement (PPJB), which legally means that the property has not transferred ownership. This is different from the cash method where you get a Sale and Purchase Transaction (AJB).
“Buyers will only receive a letter or agreement with the name PPJB, no certificate has been issued from BPN (National Land Agency). This is what you need to be careful because in the market we hear news about developers who are late in the building,” he said. explained.
In addition, there is the potential for developers to be late in submitting property and certificates. Then, there is a possibility that developers will not have clear permissions and therefore not fulfill commitments according to the agreement.
Therefore, Steve does not recommend the gradual money method. However, he appealed to home buyers to do a thorough investigation in choosing a large and reliable developer and to thoroughly investigate the transaction.
Next, there is the technique to buy a house which he considers most attractive and effective, that is back-to-back investments. Home buyers who have investment savings of at least the cost of a house can apply for KPR by pledging their investment.
“Therefore (banks) provide loans for the purchase of houses or renovations, regardless of the context, with the guarantee of our deposits established in the bank. Later we only need to calculate savings deposit interest and loan interest and we can talk about the difference. “, he explained.
With this method, buyers can pay the house off in installments at a lower interest rate than standard mortgage interest. This is because buyers pay interest which is very different between mortgage interest and investment interest.
In addition to paying cheaper interest, back-to-back investments allow you to save the entire investment, instead of paying for the house in hard cash. Buyers don’t have to give up their savings to buy a house.
Watch video”Kubu Buy a house or rent a house“
(dw/zlf)
2024-05-07 00:30:39
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