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 Places to Learn About Singapore’s Diversity

Jayson Ang – August 31, 2024 –

Singapore, a vibrant city-state in Southeast Asia, is well-known for its diverse culture and rich history. A melting pot of...

All Buying Tips Opinion

6 Misleading Claims Property Agents Often Make That Savvy Buyers Are Aware Of

Jayson Ang – March 15, 2024 –

TLDR Real estate agents can sometimes use deceptive tactics to push sales. Be cautious of claims about other interested buyers,...

All Blog Posts Buying Tips

When Is The Best Time To Buy A New Launch?

Jayson Ang – January 13, 2023 –

TLDR When it comes to new property launches, timing is crucial. Early buyers often secure the best prices due to...

All Buying Tips Opinion

5 Techniques for Identifying Undervalued Properties in Singapore 2023

Jayson Ang – August 23, 2023 –

TLDR To spot undervalued properties in Singapore's real estate market, focus on market value, location, and unique features. Consider "up...

All Blog Posts Opinion Selling Tips

Unveiling 4 Scenarios of CPF Accrued Interest Impact on Property Owners

Jayson Ang – December 11, 2024 –

TLDR When selling your first home, be aware of CPF accrued interest, which is the interest that would have accumulated...

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...

Buying Tips Mandarin Top 5

5 Essential Tips for Renting Property in Singapore as a Foreigner: A Guide for Newcomers

Jayson Ang – July 25, 2023 –

TLDR Renting property in Singapore as a foreigner can be challenging due to the high cost of living. To navigate...

All Buying Tips Opinion

Should You Splash Your Cash on a Condo Despite the Sky-High PSF?

Jayson Ang – December 2, 2023 –

TLDR The blog post discusses various aspects of investing in condos in Singapore, covering topics such as leasehold versus freehold...

All Opinion Selling Tips

Why Selling Your Own HDB Flat May Be More Challenging Than You Anticipate: 7 Hidden Challenges to Prepare For

Jayson Ang – January 29, 2025 –

TLDR Selling your flat can be a daunting task, not because of the paperwork but due to challenges in marketing...

Mandarin Top 5

The Top 5 Impact Of Singapore’s Ageing Population On The Property Market And Investment Opportunities

Jayson Ang – July 26, 2024 –

Singapore's ageing population is having a significant impact on the property market and investment opportunities. The top five effects include:...

All Blog Posts Opinion

Singapore Property Bubble Ahead? My Friends Share My Market Predictions

Jayson Ang – March 12, 2023 –

TLDR The author delves into various opinions on the Singapore property market for the year 2023. Experts have differing views...

Mandarin Top 5

5 Impacts Of The Singapore-Malaysia High-Speed Rail On The Property Market

Jayson Ang – June 10, 2024 –

The proposed Singapore-Malaysia High-Speed Rail (HSR) is a joint project between the two countries that aims to improve connectivity and...

All Buying Tips Opinion

Say Goodbye to “Sell One, Buy Two” Approach in 2024

Jayson Ang – June 24, 2024 –

TLDR Summary: The "Sell One, Buy Two" real estate tactic, popularized in 2016-2017, involves selling a property and buying two...

All Buying Tips Opinion

Craving Dream Homes in the Urban Jungle: The Singaporean Dilemma Unveiled

Jayson Ang – May 10, 2024 –

TLDR The housing landscape in Singapore reflects evolving aspirations and desires, especially among the younger generation. Owning private property is...

Mandarin Top 5

Top 5 Surprising Benefits of Investing in Singapore Real Estate for Foreigners

Jayson Ang – October 27, 2024 –

Singapore, a thriving city-state in Southeast Asia, has become an attractive destination for foreign investors looking to diversify their investment...