The homeownership journey can be quite gruelling for both first-time buyers and veterans. For the first time buyer, the journey is new and may have no idea where to begin. You are not sure whether every turn you take is right or wrong. You may have taken the time to think about the options and finally decided to make a move.
Buying your first home is a significant achievement. You have worked so hard to get to that point in life, and it will give you a sense of pride to know you finally have a roof over your head.
Buying during the pre-construction phase is trending especially when it comes to condominiums. Basically, the unit is not yet built and therefore, you are making a purchase based on an abstract understanding of what the final building will look like.
Singapore is a vibrant, non-sectarian country where any family would be proud and happy to live in. The country boasts of a stable economy and excellent education, healthcare, and infrastructure systems. This dramatic positive change from yesteryears is evident in the several residential neighbourhoods that have sprung up in Singapore.
Condominiums are arguably the most desired type of housing in Singapore because of the limited land area. It’s the high-end condos or the more affordable units, investing your hard-earned cash on these properties demands utmost knowledge to steer clear of costly blunders and dubious judgments.
You’ve located a strata unit, terrace, or apartment and you’re ready to put in an offer. Undertaking a strata-home inspection is essential before you append your signature on the dotted line, and can reveal almost everything you ought to know concerning the property before you buy it.
While Singapore might not be a big nation, don’t be fooled by its small size. In fact, selecting an affluent neighbourhood to call home may prove to be an overwhelming task because there are more than a few options spread across the country. Indeed, Singapore is one of the fastest growing wealthy countries in Asia, and the standard of living there is superb. The economy is strong, and the infrastructure network connects all the parts of the country to one another.
The purchase of a house is easily one of the most life-changing and complicated events in one’s life. The latter, mostly, because of the laundry list of government regulations that you’ll encounter that you never knew existed, in addition to numerous other factors, such as your loan eligibility, stamp duties, and more.
Especially in Singapore, most of those who have their own homes are married couples and who are first-time owners. So, if you’re still a property rookie even after binge-watching Million Dollar Listing, please never emulate how they strike a deal as the context are virtually different. What you should keep an eye out for, for instance, is when there is no furniture in the house or especially when the staging looks too good, it might be that the owners are hiding some damage or fault in the house!
Here are some expert tips on what to spot and eye for during home-viewing sessions:
Even if you’re not big on gyms, recreation centers, pools, and prefer to cook home meals to eating at the newest restaurants, buying a condo in a neighbourhood offering the said luxury amenities, and more, can be worth your while, especially down the line.
Below are a couple of luxury amenities that are absolutely worth the premium:
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