Need some help on making my car steer faster and more precise, while generating more feel to the steering wheel. Any help please?

Sway bars will help a bit.

Bigger wheels and tires will also help. I have heard rummors of BMW fixing the sloshy stearing in the 01 330s, you may want to call up your local dealership and see if you apply.

underdrive pullies will under drive the PS pump and make it feel like its tighter