Furniture, renovation and stamp duties: Things to include in your budget for your first home

Singapore News News

Furniture, renovation and stamp duties: Things to include in your budget for your first home
Singapore Latest News,Singapore Headlines
  • 📰 asiaonecom
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 59%

This is the third part of our first home series; click to read parts one and two. We have finally gotten to the last part of our three-part article. In our first article, we went through the different ways to pay for the house, and in our second part of the article series, we mentioned the different types of insurance...

This is the third part of our first home series; click to read parts one and two.

There are many types of interior design: electrical to carpentry to fixtures and even altering the house's layout by hacking or installing walls. Most experts recommend setting a budget first and removing 15 per cent from this total. If your renovation budget is $50,000, you should aim for $42,500 or less, with the remaining 15 per cent , expect some things not to go as planned.

Unlike other standard installment loans that banks provide, a home renovation loan’s interest rate is called a "rest rate". This means that you pay an interest payment on the outstanding balance of your loan.Furniture and appliances are the final expenses for your first home, just like the last piece of the puzzle. One must find the balance between prices, aesthetics, and quality of their home items.

When choosing household appliances, on the other hand, you should consider the long-term costs associated with the appliances’ electrical usage . On the other hand, SSD is a levied tax on most home sellers. SSD is calculated depending On The Year Of Sale.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

asiaonecom /  🏆 10. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Millennial invests S$4,000 to sell coffee from a Pasir Ris HDB windowMillennial invests S$4,000 to sell coffee from a Pasir Ris HDB windowFreelance photographer Muhammad Adhwa Hasif works from home, but that's not the only thing he does. His hobby has turned into a business.
Read more »

ITE College East students take hybrid learning to next level with smart classroomITE College East students take hybrid learning to next level with smart classroomStudents can view videos of lessons and present their work from home, among other things. Read more at straitstimes.com.
Read more »

The Star Voice: Jeff Tan wins Mediacorp's talent hunt competitionThe Star Voice: Jeff Tan wins Mediacorp's talent hunt competitionThe 29-year-old audio-visual journalist won more than S$80,00 worth of prizes, including a Toyota Camry 2.5 Hybrid and a one-year contract with Mediacorp.
Read more »

Loans, CPF and grants: 3 ways to help finance your very first homeLoans, CPF and grants: 3 ways to help finance your very first homeCongratulations! If you are reading this, you are properly considering buying a home for yourself and your family. As a big ticket item with high long-term commitments, purchasing a house for the first time can be a huge deal, and we want to make the best out of our decision. Housing is getting increasingly expensive. In the second quarter of...
Read more »

5 things to eat & drink this week, including zero-waste cocktails at Set of Six and a buffet dinner at Basilico5 things to eat & drink this week, including zero-waste cocktails at Set of Six and a buffet dinner at BasilicoToast to the last week of August with the best of beverages. As you sip on your craft cocktails (now made sustainable!), and Japanese tea creations, don't skip out on the nibbles. From tapas, to a buffet of antipasti, seafood, and indulgent Italian classics are set to graze your palates this week. Hailing from Nicaragua, sustainably sourced premium rum Flor...
Read more »

Commentary: Even as Taiwan boosts defence spending, its security may depend on how the budget is spentCommentary: Even as Taiwan boosts defence spending, its security may depend on how the budget is spentTaiwan’s proposed defence budget ought to have provisions that make funds available contingent on key reforms being made, says Ted Gover.
Read more »



Render Time: 2025-04-24 11:00:04