Singapore Property Investing: Is It Better To Flip Or Hold?
Investing in Singapore property can be a profitable venture, but investors must choose the right strategy to maximize their returns....
Read More
TLDR
The checklist provides essential steps for first-time homebuyers in Singapore to consider when viewing a condo. It includes aspects such as location, surroundings, and the unit itself, covering factors like transportation access, amenities, property condition, and more. The checklist aims to help potential buyers identify any issues and ask relevant questions during the viewing process.
I’ve been asked lots of questions on what to consider when viewing a condo and what to ask the listing agent.
That’s why I put together a condo viewing checklist – to make sure no stone is left unturned!
Of course, this isn’t the be-all and end-all of condo viewing checklists, but these basic steps should help you identify any potential issues and ensure you ask the right questions.
So let’s get started!
Singapore Condo Viewing Checklist
Before the Viewing
- Ask the agent for a floor plan so you can get a better look at the property,
- Investigate the unit on Google Maps to measure distances to transport and amenities,
- Find out if it’s paid in full, if there are any encumbrances,
- The seller’s reason for putting it up for sale,
- and if it’s currently tenanted.
Location
- What’s the proximity of public transportation like (MRT/Bus)?
- Is it convenient for commuting to work?
- How long would it take to get there?
- Is there easy access to the nearest highway?
- Does traffic get congested during rush hour?
- Are there any nearby schools/preschools/kindergartens and, if so, how far and safe are the routes to them?
- Are there any food options close by?
- Are there any amenities such as wet markets/supermarkets in the vicinity?
- Is there access to medical care like clinics or hospitals?
Surroundings
- What is the positioning of the unit in relation to its environment?
- Is it tucked away, central, or peaceful?
- How is the view from the property?
- Are any forthcoming buildings that could possibly obstruct your view in the future (according to the URA Master Plan)?
- What is the composition of the neighbourhood like?
- Are there more elderly people or young couples with children?
- Does it match the kind of atmosphere you’d prefer?
- Are there any recreational areas for young children?
- Are there potential playmates of similar age?
- Finally, how convenient is the entry and exit to the condo – is there only one way in and out?
The Unit
- Do you see any cracks or damp areas in the unit?
- Is there enough parking space for cars and visitors?
- Can the existing furniture fit in the new space?
- Are there possibilities to add or remove walls?
- What fittings and built-in items will be included in the house sale price?
- Is the condition of the tiles, floors, and walls good enough for minor renovations?
- Are there any repairs needed for the interior?
- Do you need the layout to be functional?
- What direction does the house face and will you be basking in the morning or afternoon sun?
- Is there sufficient wind flow and ventilation?
- What’s the total of the maintenance fees and sinking fund?
I’m hoping this checklist is helpful! Please let me know in the comments if I have missed out any important details that should be included when viewing a condo.
Should You Buy, Sell or Wait?
If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?
It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.
I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.
I can help you by:
- Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
- Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.
You May Also Like …
6 Essential Factors HDB Upgraders Should Be Aware Of Before Purchasing a Condo in 2023
TLDR When upgrading your property, consider factors like rental rates, Buyer's Stamp Duty adjustments, higher interest rates for bank loans,...
Read More
What Role Does Property Valuation Play In The Real Estate Industry, And Why Is It Important?
TLDR When it comes to property valuation, understanding the process is crucial for both buyers and sellers. Property valuations can...
Read More
Top 5 : Best Street Art Murals in Singapore
Singapore, a vibrant and multicultural city-state, is not only known for its iconic landmarks and delicious cuisine but also for...
Read More
Are Early Bird Discounts At New Launches Genuine Or A Marketing Gimmick?
TLDR When considering investing in new property projects, understanding developers' pricing strategies is crucial. Early bird discounts are not just...
Read More
Unveiling the Truth: Why Freehold is Not Always the Optimal Choice for Property Investment
TLDR When it comes to investing in real estate in Singapore, traditional beliefs may not always hold true in today's...
Read More
Singapore’s Property Insights : Where to Find 5 Hidden Gems?
Singapore's Property Insights : Where to Find 5 Hidden Gems? With its booming economy, vibrant culture and attractive regulations, Singapore...
Read More
5 Facilities Selling Points Condo Sellers Should Emphasize To Entice Potential Buyers
TLDR When selling a condo, focusing on highlighting key facilities like gyms, swimming pools, family-friendly amenities, community gardens, and clubhouse...
Read More
Top 5 Fine Dining Restaurants in Singapore if You are Visiting Us!
Top 5 Fine Dining Restaurants in Singapore if You are Visiting Us! Singapore is known for its diverse and delicious...
Read More
Building A World-Class Nation: Top 5 Facts About Singapore’s Developed Infrastructure
Building A World-Class Nation: Top 5 Facts About Singapore's Developed Infrastructure Singapore is known for its high standard of living,...
Read More
5 Reasons Why Timing the Singapore Property Market is a Risk You Shouldn’t Take
5 Reasons Why Timing the Singapore Property Market is a Risk You Shouldn't Take Entering the Singapore property market can...
Read More
How To Avoid Top 5 Common Investment Pitfalls When Investing In Singapore Property
When investing in Singapore's property market, it is crucial to be aware of the common pitfalls that can lead to...
Read More
Great Reasons for Condo Owners to Sell upon Reaching TOP – A Guide to Sub-Sale Transactions
TLDR A recent sub-sale transaction in Midtown Modern set a new record with a 2-bedroom home selling at $3,150 psf....
Read More
5 Factors : The Benefits Of Investing In A Property With Good Access To Green Spaces In Singapore
Real estate investment has always been considered a sound investment decision, as it offers long-term growth potential and a reliable...
Read More
Don’t Miss Out: Take Control of Your Life in Your 30s and 40s
TLDR The stages of wealth management vary from ages 30 to 80, with different focuses and considerations at each stage:...
Read More
Top 5 Mistakes to Avoid When Investing in Singapore Real Estate
Investing in Singapore's real estate market can be a lucrative venture, given the city-state's status as a global financial hub...
Read More
Top 5 Rooftop Bars in Singapore with Amazing Views
Top 5 Rooftop Bars in Singapore with Amazing Views Singapore, the Lion City, is known for its stunning skyline and...
Read More
Discover Affordable Executive Condos in 2024 Starting at $560,000
TLDR The Executive Condos (ECs) offer affordable options compared to private properties in Singapore. Despite price variations, most ECs remain...
Read More
Top 5 : Greatest Challenges That Investors Face In Singapore’s Real Estate Market
Singapore's real estate market is a dynamic and attractive investment landscape for both local and international investors. Known for its...
Read More
I Regret Buying A DBSS: 5 Homeowners Share Their Biggest Regrets
TLDR Singapore's DBSS scheme faced challenges such as design flaws, developer responsiveness issues, and restrictions on selling. Residents reported various...
Read More
