Have you ever thought about buying a HDB resale flat? Are you looking for tips on how to buy resale flat for first-timer? But were hesitant because you don’t really know what you’re doing or don’t know what to expect?
Buying a resale flat is one of the biggest decisions in your life. Because it usually means that you’ll have to move out of your current place soon, and you will also be moving into an area that you’ve never been before. So naturally, it is a very scary time for you. And that is why it is important to learn about how to buy a resale flat because it will give you a chance to learn about your options and make an educed decision.
When you’re ready to buy a resale flat, you can find a lot of different things that can scare you. One of the most common things that you might find yourself scared about is: how will I pay for it?
In this article, I’m going to show you 6 simple steps that you should follow when you decide to buy a resale flat. By following these steps, you will be able to avoid making costly mistakes. So if you’re ready to move into your own home, then read on…
Estimate your Budget
Budget should be on the top of your list when you want to buy a resale flat. You have to estimate the cost before you decide to get a resale flat so you won’t waste your money on something useless, especially when you have limited amount of money. Moreover, a resale flat is usually more expensive than a brand new HDB or BTO flat, and a resale flat tends to need a renovation. To make it more efficient, you can create a budgeting list to help you organising your expenses so you won’t waste a single penny for something you don’t truly need.
Assess the Condition of The Flat
This is actually one of benefits when you want to own a resale flat. If you buy a new BTO flat, you have to wait for at least 2 years before you actually move in and assess the condition. But, when you purchase a resale flat, you can assess the flat’s conditions first and see if it meets your needs, which parts need renovations, and what properties that have to be changed. Therefore, it’s also easier to make a budgeting list.Â
Assess The Property from Previous Owners
Buying a resale flat means you own the properties from the previous owner. They have to be assessed if they need to be changed or not so you can estimate your expenses. If you don’t do this, you might not include this on your budget. Then, when you move in, you would see some things need to be replaced and you have to spend more money. So, assess carefully and thoroughly.
Negotiate the Price
When you are planning to buy a resale flat, you probably go checking the internet about how much cash to buy resale HDB. Or you ask your relatives or friends about it. Of course it’s good to have the price’s estimations. But, don’t forget you can negotiate it with the seller. Test you negotiation skills here and see if you can get your resale HDB flat in a lower price than your actual budget.
Think About Renovation
A resale flat is usually occupied by the precious owner for at least five years (and could be more than that). When you buy it, some or all parts of the house might need renovations. Even if the flat’s conditions are good, you might want it to be changed according to your tastes and needs.
One thing you must know is 9Creation provides resale flat renovation packages that meet your budget, needs, and tastes. With the help of our professional interior designers and 3D designs, you’ll get a resale flat that feels like a new one with an easy process.
Consider Family’s Growth
People tends to belittle this without knowing this could be an important aspect to consider. When you decided to buy a resale flat, you also must think about your family’s growth. If you have children and live with your parents, you probably need more rooms. Considering family’s growth can help you choosing the best resale flat for you to live in for years since each flat has different features. For instance:
3-Room (Ideal for 1 or 2 people)
- 2 bedrooms
- 1 bathroom
- Living/dining room
- Kitchen
- Household shelter
4-Room (Ideal for young couples or parents)
- 3 bedrooms
- 1 bathroom
- Living/dining room
- Kitchen
- Service yard
- Household shelter
5-Room (Ideal for 5 or more people)
- 3 bedrooms
- 1 bathroom
- Living/dining room
- Kitchen
- Service yard
- Household shelter
- Suggested study
You have to notice that the bigger the size is, the more expensive the price is. But, don’t forget you can also negotiate. So, consider your family’s growth and estimate the budget thoroughly.
9 Creation is Here to Help
Make your best investments in getting a resale flat with the help of 9 Creation professional interior design services. With the help of our excellent-experienced interior designers and stunning 3D designs that represent your home, we guarantee you’ll get the best visualisation of your long-last investation before making the biggest decision of your life. Get yours too with 9Creation here.
