Challenging the Myth of Lease Decay: Older Leasehold Condos Outperforming Newer Ones
TLDR Older leasehold condos in Singapore, particularly those built in the 1980s and 1990s, have shown annualised price growth exceeding...
Read More
Checklist for First-Time Homebuyers in Singapore: A Guide to Viewing Condos
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 …
5 Impacts Of The Singapore Government’s Cooling Measures On Property Investing
The Singapore government has implemented several cooling measures over the years to regulate the property market and prevent it from...
Read More
Top 5 Must-Know Facts about Luxury Properties in Districts 9 of Singapore
Singapore, a bustling city-state known for its impressive skyline and vibrant economy, has always been an attractive destination for property...
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
What If Sellers Back Out of a Deal?
TLDR When a seller unexpectedly withdraws from a property transaction before a contract is signed, they are legally allowed to...
Read More
The Emergence of Million-Dollar HDB Flats in Singapore: Could This Become the Standard Moving Forward?
TLDR Understanding the nuances of the HDB property market in Singapore, especially the trend of million-dollar flats, requires a deep...
Read More
The 15-Month Wait-Out Period: An Unnecessary Burden in a Challenging Economy
TLDR The 15-month wait-out period introduced in September 2022 requires private property owners to wait before buying a resale or...
Read More
The Lifecycle of an HDB Flat: Essential Stages for Owners and Buyers
TLDR HDB flats in Singapore, home to 80% of residents, begin as state land acquired at fair market value. The...
Read More
When a Property Seller Pulls Out of the Deal : What Now?
TLDR When a property deal is not yet formalized, sellers can withdraw without consequences. However, once an Option to Purchase...
Read More
Top 5 Rooftop Pools in Singapore for a Swim
Singapore, a bustling city-state known for its iconic skyline and innovative architecture, is home to some of the most stunning...
Read More
3 Steps to Prevent Rental Scams
TLDR: Prevent Rental Scams in Real Estate Scammers are targeting prospective tenants by impersonating Real Estate Salespersons (RES) to deceive...
Read More
The Unforeseen Impact on Your Home Loan in Singapore if Your Spouse Passes Away
TLDR The death of a co-borrower in Singapore can trigger complex home loan challenges beyond simply taking over repayments. Banks...
Read More
What’s Needed For Singapore To Lift Those Cooling Measures?
TLDR The blog post discusses the recent relaxation of real estate restrictions in Hong Kong, contrasting with Singapore's stricter regulations....
Read More
Top 5 Luxury Dining Experiences in Singapore
Singapore, known as the Lion City, is a melting pot of cultures, cuisines, and luxury experiences. With its rich history,...
Read More
Learn the Essentials of Renting Property in Singapore as a Foreigner
TLDR Renting in Singapore offers various options for foreigners, such as HDBs, Condos, and even unique properties like heritage homes....
Read More
5 Amazingly Fun Things to Explore in Singapore!
Singapore, a vibrant city-state located at the southern tip of the Malay Peninsula, is a melting pot of cultures and...
Read More
Top 5 Tips : How Investors Protect Themselves From Risk And Capitalize On Emerging Opportunities In Singapore’s Real Estate Landscape
The real estate landscape in Singapore has always been a lucrative investment opportunity for both local and international investors. However,...
Read More
The Surprising Truths of Home Ownership: How Health Challenges Led a Homeowner to Relocate
When thinking about staircases, light switch locations, selling our home, and similar topics, many plan for retirement, assuming these issues...
Read More
Downsizing From A Spacious 4-Bedroom Condo To A Cozy 2-Bedder: How I Chose A Condo Over A HDB
TLDR Mdm Sim's decision to trade her four-bedroom house for a two-bedroom condo is explored, highlighting the benefits of right-sizing....
Read More
Sentosa’s Sizzling Property Market: 5 Reasons Chinese Investors are Flocking to Singapore’s Premier Island
Sentosa's Sizzling Property Market: 5 Reasons Chinese Investors are Flocking to Singapore's Premier Island Here are the top 5 reasons...
Read More
