Do your due diligence, trust your gut and intuition
on the resale and renovation of flats have gotten much traction recently. u/renewedsoul17 posted on r/Singapore on Wednesday the best advice she could give after her experience when her family bought a flat last year.She wrote that though she researched to help her parents, “my inexperience showed and I’m just writing stuff out for future homebuyers to take note”.
3. Previous owners and property agents CAN lie. The post author recalled the agent told her family that they had bought a flat in move-in condition. Guess what? It wasn’t. 4. Do your due diligence when making a reasonable offer for the property you’re eyeing. “There’s plenty of resources online that will give you info on recently transacted prices,” she wrote.6. Be picky.
9. Go over the fine print of the renovation contract and question everything you don’t understand, to the point of asking, “what is the per foot run costs and re-calculate yourself.”11. “On that note, ask if the items include ALL associated cost. We had a dispute where we wanted to install Line8. On the contract, it very clearly stated that it included supply of Line8 and labour to install.
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