6 Indicators and Measures to Determine if Your Home Has Unrecognized Profits
TLDR The booming real estate market presents opportunities for homeowners to profit from selling their properties. Two key signs that...
Read More
TLDR
When considering purchasing an older flat, ensure to thoroughly inspect wet areas for leaks, check balcony conditions, watch out for spalling concrete, inspect windows for maintenance, be cautious of uneven floors and popping tiles, examine the garbage chute in ground-floor units, and check plumbing functionality. Additionally, seek information on past plumbing work from the seller or agent. This checklist will help you make an informed decision about buying an older flat.
Older flats have their charm, right? They’re ready to move into straight away.
But remember, they come with a history and sometimes, that means wear and tear that could lead to headaches down the line.
Not to worry though, we’ve got a handy checklist for you:
1. Start with the wet areas, like bathrooms and under the sink
Leaks are common in these spots. You’ll usually spot them as discoloured or damp areas. Sometimes leaks can come from your upstairs neighbour, which might require some negotiation to fix. If the leak’s from the roof or your unit’s on the second floor, you might need to split the repair cost with the town council. Dealing with these issues before buying is your best bet.
2. Check out the balcony
Older flats often have large balconies that can be hard to maintain. You want to avoid ones with poor drainage or where water tends to puddle. Look for stains, discoloured patches, cracks or rust on metal railings. And if you have kids, ensure the railings are secure and not corroded.
3. Keep an eye out for spalling concrete
That’s a fancy term for when concrete starts to crack or chip due to embedded steel rusting. It can turn into a big problem if left unchecked. Get a contractor to take a look before buying.
4. Inspect the windows
Window maintenance is a must. Check for rusted tracks and screws. Also, make sure the window height is at least one metre off the floor. If it isn’t, you’ll need professional help to replace it.
5. Watch out for uneven floors or popping tiles
HDB won’t always cover the cost of repairing these issues. You might need to find a contractor to handle it. Also, be wary of tiles in wet areas like bathrooms and kitchens as they are prone to water damage.
6. For ground-floor units, check the garbage chute
This is often located in the kitchen and can lead to pest problems, especially if it’s not well sealed. Some folks seal it up entirely to avoid the issue.
7. Make sure the plumbing is working well
You know, old apartments tend to have their fair share of plumbing issues. From clogged pipes that could potentially lead to leaks, to other problems like weak water pressure or even that unpleasant smell caused by rusty pipes.
It’s not too tough to spot some of these issues. You could simply flush the toilet a few times, or maybe give the faucet a turn to see how strong the water pressure is. But some problems are a bit more sneaky, like hidden leaks. These invisible culprits can drive your water bill sky high without you even noticing a single drop of water out of place.
So, when you’re thinking of buying one of these old flats, it might be a good idea to chat with the seller or the agent. Ask them about the last time any plumbing work was done on the place and what exactly was fixed or replaced. It could save you a lot of trouble down the line.
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-Malaysia High-Speed Rail On The Property Market
The proposed Singapore-Malaysia High-Speed Rail (HSR) is a joint project between the two countries that aims to improve connectivity and...
Read More
Investing in Singapore Real Estate as a Foreigner
TLDR The blog post discusses the rules and regulations for foreign investors looking to purchase real estate in Singapore. It...
Read More
Why Can’t We Buy Low, Sell High?
Madam Tan voiced that approximately two years ago, when her apartment hit its minimum occupation period, she and her spouse...
Read More
The Top 5 Factors to Consider When Investing in Industrial Property in Singapore – Expert Insights!
Singapore, a thriving hub of business and commerce in Southeast Asia, offers a robust real estate market with various investment...
Read More
7 Essential Steps to Sell Your House in Singapore
TLDR When preparing to sell your house, research the average prices in your area for a realistic figure. Consider factors...
Read More
5 Tips : How To Spot A Good Investment Opportunity In Singapore’s Property Market
Singapore's property market offers a plethora of investment opportunities for both local and foreign investors. To spot a good investment...
Read More
Top 5 Hawker Centres in Singapore for Local Food
Singapore, a melting pot of diverse cultures and rich culinary heritage, is home to some of the most delectable local...
Read More
Top 5 Reasons : Why is Supply so tight for Singapore Property?
Singapore's property market has been experiencing a tight supply in recent years, leading to increased demand and rising property prices....
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
The Influence of Soaring Land Costs on Singapore’s Real Estate Market: A Look at Land Price Trends Since 1992
TLDR When it comes to understanding the fluctuations in land prices in Singapore, historical patterns reveal significant spikes and dips...
Read More
Singapore Living: 5 Must-Know Factors for Choosing the Perfect Neighborhood
Singapore Living: 5 Must-Know Factors for Choosing the Perfect Neighborhood When it comes to purchasing a property in Singapore, the...
Read More
5 Proven Strategies for Increasing the Value of Your Singapore Property
In Singapore's competitive real estate market, adding value to your property can be the key to making a profitable investment....
Read More
5 Cons Of Buying A Resale Property
Luxury properties in Districts 9 and 10 of Singapore are highly coveted, and for good reason. From stunning views and...
Read More
What Is The Cost Of Constructing A Landed Property In Singapore?
TLDR Building a landed property in Singapore can be a costly endeavor, with prices ranging from $300 to $500 per...
Read More
Why Some New Condo Releases Outperform Others
TLDR When it comes to the real estate market, familiarity plays a crucial role in the success of larger condo...
Read More
Top 5 Vegetarian Restaurants in Singapore
Singapore, a melting pot of cultures and cuisines, offers a diverse range of dining options for food enthusiasts. For vegetarians,...
Read More
5 Tips : How To Choose The Right Property Agent To Help With Your Singapore Property Investment
Choosing the right property agent is crucial to the success of your Singapore property investment. A good agent can provide...
Read More
5 Disastrous Property Transaction Nightmares (and How to Avoid Them)!
TLDR When attempting to sell your property, various worst-case scenarios can hinder the sale process significantly. These scenarios include buyers...
Read More
5 Reasons Why It’s A Great Time To Buy Property In Singapore In 2024
Singapore's property market is known for its stability, high demand and strong returns. With a growing population, low unemployment rates,...
Read More
