Your search results

Beware! Spot These Warning Signs Before Making a Home Purchase!

Posted by Jayson Ang on December 21, 2022

| 0

TLDR

When purchasing a property in Singapore, it is crucial to thoroughly assess various aspects of the home to avoid potential issues. Check the overall condition of the building, built-in appliances, plumbing system, built-in carpentry, pest infestation, ownership history, and selling price. Be cautious of unusually low selling prices and complicated ownership histories. Consider engaging a real estate agent to help identify red flags and ensure a smooth buying process.

It is important to thoroughly check the condition of the home you are considering purchasing to ensure it is not in disrepair. Look for any potential issues during the property viewing to make a well-informed decision and avoid buying a home that is not in good condition.

Overall Condition

When viewing a flat or condo unit, it is essential to evaluate the overall condition of the building and its shared amenities. Start taking notes as soon as you arrive on the property. Observe the condition of the elevators, flooring and walkways, drop-off and pick-up areas, and other facilities that you may frequently use. The overall condition of the property can potentially affect the resale value of your unit when you are ready to sell in the future.

Built-In Appliances with Custom-Fit Carpentry

While it may be convenient to have some home appliances included with the unit, it is important to ensure that they are in proper working order. Additionally, be aware that some homes may have custom-fit carpentry for their appliances, which could cause issues if the appliance breaks down and cannot be replaced. This may result in additional expenses to remove the carpentry in order to accommodate a new appliance.

Poor Plumbing System

Having a poor drainage system can be a major source of problems over time. Water leakage can lead to various issues in your home, such as water damage, poor water quality, mold, and even flooding. To assess the drainage system, test the water pressure in the kitchen and every bathroom in the unit. Look for signs of slow drainage, low water pressure, water leaks, moisture-stained walls and ceilings, and sewer odors.

Condition of Built-In Carpentry

If the built-in carpentry of the unit is in poor condition, it may not be worth considering unless you are willing to pay extra to repair or replace it. This typically requires the assistance of a professional. If there is a significant amount of wood carpentry, it is important to check for termites. Termites may also infest walls and ceilings, so be sure to look for holes in these areas as well.

Pest Infestation

In addition to termites, it is common for homes to be infested with pests such as rats and cockroaches. You can check for possible infestation by looking for small holes, droppings, muddy debris in door and window corners, and any unusual odors. These may be signs of a pest problem.

Complicated Ownership History

If a unit has gone through multiple owners in a short period of time, it may be a sign that the quality of life in the unit is not satisfactory to its residents. This could be due to factors such as a lack of accessible public transportation or high noise levels. The history of property ownership can be obtained through the Integrated Land Information Service (INLIS) provided by the Singapore Land Authority (SLA).

Unusually Low Selling Price

Beware of units that are being sold at significantly lower prices than comparable properties. While it may seem like a great deal, it could indicate hidden problems with the property. It is important to thoroughly investigate the unit before making a purchase to avoid any unpleasant surprises.

Conclusion

Be sure to pay attention to these potential issues when searching for a property. It is often helpful to have an experienced real estate agent assist you in identifying these red flags, as they have the expertise to know what to look for. You may also want to read more about the benefits of working with a real estate agent in this article

You May Also Like …

Mandarin Top 5

Top 5 : Best Quirky Museums in Singapore

Jayson Ang – November 21, 2024 –

Singapore, a vibrant and diverse city-state, is known for its rich history, cultural heritage, and modern attractions. While the city...

All Blog Posts Buying Tips

What Will Happen When Your 99-Year Housing Lease Expires?

Jayson Ang – February 11, 2023 –

TLDR We delve into the challenges faced by Singaporeans with expiring 99-year housing leases. It explores the types of leases...

All Buying Tips Opinion

Can You Make the Leap to a Condo Upgrade in 2024?

Jayson Ang – June 12, 2024 –

As the Chinese New Year festivities wind down, folks are once again on the prowl for new homes, and understandably,...

All Opinion

Why Aren’t Spacious, Wallet-Friendly Homes Our Reality Yet?

Jayson Ang – April 17, 2024 –

TLDR The article discusses the current housing market in Singapore, focusing on the challenges faced by individuals like Sherlyn Tan...

All Blog Posts Opinion

Are You Ready to Take on the Singapore Property Market in 2023? 12 Reasons to Be Hopeful (Or Wary)!

Jayson Ang – December 21, 2022 –

2022 sure was a rollercoaster ride for the property market, and the world! From war in Europe to skyrocketing interest...

Mandarin Top 5

The Best Time to Invest in Singapore’s Property Market: Timing is Everything

Jayson Ang – April 30, 2024 –

Investing in the property market is a significant decision that requires careful consideration and analysis. One crucial factor that determines...

All Buying Tips

Superstitions in the Real Estate Market : How Does it Impact Resale Value?

Jayson Ang – June 20, 2023 –

TLDR When navigating the Singapore property market, it's crucial to consider various superstitious beliefs that can impact your decisions. From...

Mandarin Top 5

The Secret Strategies of Singapore’s Property Tycoons: Lessons You Can Learn

Jayson Ang – April 26, 2024 –

The Singapore property market has always been a hot topic for both locals and foreign investors. With its stable economy,...

Mandarin Top 5

Top 5 Museums in Singapore for Art and History

Jayson Ang – February 29, 2024 –

Singapore, known for its vibrant culture and rich history, is home to a plethora of museums that cater to art...

All

Mortgage Interest : The True Cost of Buying and Owning Properties in Singapore

Jayson Ang – March 16, 2023 –

TLDR When considering buying a property in Singapore, it's crucial to understand the true costs and risks involved. High monthly...

All Blog Posts Buying Tips

Identifying a Good Investment Property: A Guide

Jayson Ang – July 25, 2023 –

TLDR When it comes to navigating the real estate market in Singapore, understanding key factors can make a significant difference...

All Blog Posts Opinion Selling Tips

6 Reasons to Think Twice Before Hiring a Friend or Family Member as Your Agent

Jayson Ang – October 31, 2024 –

TLDR In Singapore, hiring a friend or family member as your property agent can be risky. Disclosing sensitive financial details...

Mandarin Top 5

Top 5 Best Scenic Drives in Singapore

Jayson Ang – October 19, 2024 –

Singapore, a bustling city-state known for its modern architecture and vibrant culture, also offers some of the most picturesque driving...

Mandarin Top 5

Top 5 Best Alternative Music Venues in Singapore

Jayson Ang – September 20, 2024 –

Singapore, a vibrant and bustling city-state, is known for its diverse culture and thriving arts scene. The city's love for...

All Buying Tips Opinion

6 Hot Property Market Trends in Singapore 2024: What Buyers Should Anticipate

Jayson Ang – May 27, 2024 –

TLDR When diving into Singapore's property market, expect a rollercoaster ride as trends shift drastically in 2024. Landlords and tenants...

Mandarin Top 5

Introducing Top 5 Power Property Tips

Jayson Ang – May 14, 2023 –

Hello, everyone! We are excited to welcome you to our blog posts! On this blog, we will be sharing daily...

Mandarin Top 5

5 Top Reasons Why Chinese Love to Invest in Singapore Property Market Today

Jayson Ang – May 23, 2023 –

Here are the top 5 reasons why Chinese love to invest in Singapore's property market today. 1. Political stability: Singapore...

Mandarin Top 5

5 Reasons Why Condos Are The Best Real Estate Investment in Singapore

Jayson Ang – March 25, 2024 –

Investing in a condo in Singapore is a popular choice for both locals and foreigners. Condominiums offer a range of...

All Blog Posts Opinion

Are We Truly Headed For A Slowdown? How Will This Affect Property Prices?

Jayson Ang – December 9, 2022 –

TLDR The pandemic-induced recession has surprisingly boosted property prices in Singapore, defying conventional economic trends. Factors like cost-push inflation, limited...

Mandarin Top 5

Top 5 Instagram-Worthy Spots in Singapore

Jayson Ang – February 21, 2024 –

Singapore, a beautiful city-state known for its stunning architecture, lush greenery, and vibrant culture, is a photographer's paradise. The island...