Are you are among one of those individuals who don’t feel comfortable living in condos and want to buy a landed property with spacious rooms and privacy; then you must be aware of a few pivotal aspects about landed properties before making your next move.
Purchasing a landed property in Singapore can be quite difficult compared to condos. What makes it difficult to find the right landed property in a tip-top condition is the carelessness of the tenants as well as landlords. Tenants usually don’t vacate the landed properties in a good condition and landlords also pay not much attention to these properties as they use if for income purposes and immediately look for tenants/buyers without pondering upon the maintenance work.
If you are a newbie in the real estate market and looking for a top-notch landed property, then don’t haste. Take your time to visit different properties and analyze these landed properties based on these below-mentioned factors.
Risk of Expensive Maintenance
Don’t get lured by the neighborhood or the appearance of the landed property. Landlords mostly use such properties for tenancy and don’t do regular maintenance work. This leaves most of the property items in a vulnerable condition. Keep in mind that you may also want to sell your property after some time. Having a long list of pending maintenance work would never increase the value of such a property unless you spend hefty amounts on restoring the property in its good condition.
Always take your time in assessing the property properly. Don’t opt for a property that seems to be in a bad condition. Buying such a property would cost you a lot in the future. But if you are impressed by various other qualities of the property and willing to compromise on the maintenance work, then ensure that you have a dedicated budget for the maintenance work.
Exterior painting, pest control, landscaping, and various other maintenance tasks need immediate attention. If you find a landed property with everything in a top-notch condition, then choose that property. Otherwise, be prepared to bear the hefty maintenance expenses.
If you find a property with an added basement, then pay extra attention to the moisture issues of this property. Presence of basements in properties makes them prone to increased moisture. Look for small cracks and see if there is any leak in these cracks. These leaks can keep adding moisture to the property and result in various damages.
Minor cracks are fine. They don’t pose any serious damages. The issue arises when these cracks cause leaks at various spots. These leaks can add up to cause massive damage to your property that may cost you a hefty maintenance amount.
The same goes for the plumbing issues. You must check every tap, pipe, and other plumbing item to ensure that no leakage is present there. Never settle for a dysfunctional or outstanding sewage system at any cost. Doing so would keep you stuck in the hassle of maintenance work.
Don’t miss roofing. You can easily paint the roof and make it look elegant once again, but you cannot resolve the leakage issues easily. Examine the roof properly and look for hidden cracks and leaks.
There are loads of details that need to be analyzed before purchasing a landed property in Singapore. But some obvious and pivotal details shall be given top preference and no compromise shall be made on such aspects. You may buy a property once in a lifetime. It is highly recommended that you pay attention to the above-mentioned features before finalizing your deal.