Are you interested in getting a resale flat? Do you need tips on buying resale flat? Or maybe you’re just curious what the benefits of a resale HDB flat would be?
If you are looking to buy a 4-room flat in Singapore, the best option is a resale flat, rather than buying a new flat. And if you want to know why then keep reading…
Even though the prices of houses in Singapore have skyrocketed in recent years, there are people who look for new homes. They opt for new BTO flats, HDB flats, and even resale flats. When buying a house, whether it’s new or resale, you have to consider many things.
In this article, I’m going to give you the top 4 reasons why it is better to buy a 4-room resale flat in Singapore.
So if you want to start living in a 4-room resale HDB flat in Singapore, read on…
What is a Resale Flat?
You might have heard a lot about a resale flat from your friends or neighbours. But do you actually know what it is? A resale flat is a flat that is owned by a person and is decided to be sold when it has complied with the Minimum Occupied Period (MOP), which is 5 years. When you purchase a resale flat, you also own the property from the previous owner.
Many people can be confused about which resale HDB to buy. Just like HDB BTO, resale flats also come up with 3-room, 4-room, or 5-room. For some people, a 3-room resale flat is too cramped but a 5-room resale flat is too wide. Therefore, they choose a 4-room which is in the middle, not too small, but not too big. There are many considerations why people choose a 4-room resale flat instead of a brand new HDB or BTO. One is because buying a resale flat gives a lot of benefits.
Here, we have summarised 4 advantages of a 4-room resale flat that might help you, who need insight before getting it.
Assess the Flat’s Condition
When you decide to own a 4-room resale flat, the first benefit you obtain is you’ll be able to assess the current condition of the flat. Therefore, you can choose a flat that is worth it to live in for a specific time period. It’s different when you buy a BTO unit under which conditions you can assess only once the construction is finished.
If you buy a BTO unit, you’ll have to wait for at least 2 years before you occupy it. It’s kind of obnoxious, primarily when you need a place to stay immediately. However, if you buy a resale flat, you can move in at least 2 months, depending on the agreement with the previous owner. Thus, if you have a time issue, a resale flat is the best option for you!
Another advantage when you buy a 4-room resale flat is, that you can negotiate the price with the seller. Especially when you’re on a limited budget, you can test your negotiation skills to achieve your dream home that suits your financial situation. This is of course different from BTO because when you purchase a BTO from the government, whatever the price they decide, that’s the amount of money you have to pay.
If you’re lucky, you can get a 4-room resale flat with the size of 100 sqm. A 4-room resale flat itself is wide, and consists of a living and/or dining area, 3 bedrooms, 2 bathrooms, and a kitchen. All of the rooms of a resale flat are far more spacious than BTOs or HDBs.
Things to Consider
When you decide to buy a 4-room resale flat, there are other things to consider (besides the benefits). These are not the disadvantages of a 4-room resale flat, but details you have to think about carefully so they won’t break your bank account.
You really have to carefully and thoroughly assess the condition of the flat and decide whether it needs a change or not. Because, if you don’t do so, you might end up spending much more money on renovation costs because of the bad conditions of the flats.
Another thing to consider is the family’s growth or change. If you plan to have children soon, or your parents will move in the future, you might need more room for them. Therefore, you’ll also need to make changes which costs you a lot of money.
The Age of The Property
Remember that when you buy a resale flat, you take over the property from the previous owner. You have to take a look at whether some need to be changed or not. You may have the necessity to replace old fixtures and furnishings which means you have to take out your money from your wallet.
Why You Should Choose Todzterior?
- You’ll obtain an excellent-experienced designer on a budget.
- Get various 4-resale flat renovation packages that meet your budget with our professional services.
- You’ll get a consultation and if you want to renovate your flat, you’ll go through a few surveys to help you make smart design decisions with an easy process. After five business days, you’ll get two different design concepts for your space, that you’ll then rate and provide feedback on for your designer.
Other interior designs to compare, such as…
- If you want good customer service for mid to high price packages.
- A good home design
- You’ll get a simple and quick process. Pick the area you want to change and choose the design style. Then you’ll receive an estimated quote and you can choose if you want to proceed or not.
- Get experienced designers at a higher cost.
- Stunning design with higher renovation packages.