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 …

All Blog Posts Opinion

Invest During the Bearish & Exit During the Bullish

Jayson Ang – December 27, 2022 –

TLDR A comprehensive overview of the real estate market trends, emphasizing the importance of strategic property analysis and investment decisions....

Mandarin Top 5

5 Factors : Why Singapore’s Property Market Is A Good Hedge Against Inflation

Jayson Ang – May 26, 2024 –

As inflation becomes a growing concern for investors worldwide, the stability of Singapore's property market has become an attractive option...

Mandarin Top 5

Top 5 Tips : How to Avoid Scams in Singapore’s Property Market – Expert Tips and Warnings!

Jayson Ang – March 21, 2025 –

The property market in Singapore is a thriving and lucrative industry, attracting both local and foreign investors. However, with the...

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...

Mandarin Top 5

5 Homeowners Share Their Biggest Regrets Delaying Their Property Purchase in Singapore

Jayson Ang – September 12, 2024 –

In the fast-paced and ever-evolving property market of Singapore, making a timely decision to purchase a property can make all...

All Buying Tips

Should Foreign Buyers Be Deterred By the 30% ABSD?

Jayson Ang – December 7, 2022 –

TLDR Foreign buyers interested in private residential properties in Singapore is a common sight due to the country's positive reputation...

Mandarin Top 5

Top 5 Rooftop Pools in Singapore for a Swim

Jayson Ang – March 30, 2024 –

Singapore, a bustling city-state known for its iconic skyline and innovative architecture, is home to some of the most stunning...

Mandarin Top 5

5 Critical Mistakes to Avoid When Investing in Singapore Property: Insights and Advice from Experts

Jayson Ang – April 1, 2024 –

Investing in Singapore property can be a lucrative venture for investors, but it's important to avoid common mistakes that can...

All Buying Tips Opinion

Is Lentor Mansion: The 5th New Lentor Condo in 2 Years Still Worth Your Attention?

Jayson Ang – April 17, 2024 –

TLDR for "Exciting Updates from Lentor Mansion" Lentor Mansion, a new project in the vibrant Lentor region, is set to...

All Blog Posts Buying Tips

Buying a Second Property – 3 Key Factors to Consider

Jayson Ang – June 18, 2023 –

TLDR When navigating the complexities of purchasing a second property in Singapore, ensure you meet eligibility criteria, consider affordability factors...