What to Consider When Buying HBD

If you are planning to have a family now or you want to go on your own, you should think about buying HBD property. Here in Singapore, buying HBD property is not that easy. This is a crucial decision so you need to think of many conditions.  The first thing that you should do is verify your eligibility before actually choosing a flat. If you are eligible to own HBD, you can proceed by considering the following factors:

Location

Choose a location where you want to be. Of course, you need to consider your workplace. Is it near your workplace? You should also consider nearby transport (MRT or bus stops), supermarket, convenience stores, etc. If you have children going to school, is it near their school? Location is very important.

Backup plan

Sometimes, you need to accept that you might not get hold of your first choice. When this happens, it is always good to have a backup plan. Do not limit yourself. There are a lot of options out there. The process of finding the perfect HBD is a long one.

Choose real estate agent

If you want to a smooth transaction, you should choose real estate agent. While there is nothing wrong with flying solo, it can be difficult if it is your first time. Your real estate agent will take care of everything. Be sure to confirm if your real estate agent is a member of IEA (Institute of Estate Agents).

Settling

If you found the right place and agreed on the right price, your real estate agent can give you advise on bank loans. Of course, you need to pay for the referral but if you want to settle the cost and the loans, you can directly approach banks and check their loan packages.

Renovation and inspection

If the interiors are fine for you, you only need to check the condition of the painting grills, flooring, etc. if it needs renovations, check if it costs too much. You can even ask the reseller for the renovations (that is if he/she agrees to it). The final inspection will come last.

It is important that you feel comfortable. Be sure to make the right decision. Happy hunting everyone!