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HDB Resale Flat – Choosing HDB Flat of your Choice

Hi there! What’s up guys? Welcome back to my video channel. Today’s video is about how to choose the
HDB resale flat of your choice. I’ll go through some of the criteria and
selection checklist and give you an overall view about the selection process. I hope by the end of the video, you will know
what you need to do to choose the property that suits your needs and requirements. Continue watching until the end. Hi, my name is Francis of Ming Property, part
of PNG team in PropNex. If you’re new here, click on the subscribe
button or Like our Facebook page to receive tips and tricks and stay up to date with latest
news on real estate in Singapore. I know we are all excited when we first start
talking about getting a house. Yes, our very own property. Never before you could imagine that you’ll
have a property to your name. But now, the reality has come, you’ve come
a long way and you’ve finally made enough money and ready to own one. Many people have many different ideas when
it comes to owning a property. What is your idea? What is your objective? What do you hope to achieve when you own a
piece of property? For most people, it’s about having a roof
over their heads, a place to call home, a place they can come home to, to rest, have
some family time and have meals together. Most importantly, to be safe and be comfortable. Then, to some people, having property is about
capital preservation, to protect against inflation and to grow their wealth. Growing wealth is the top priority to majority
of house owners. They want to make money, enjoy capital appreciation
from their property. Many hope that one day, the price will be
higher than what they had bought so they can cash out the difference in price. To some of the luckier ones, it may be their
second or third property and their objective is also capital appreciation and rental income
while waiting for their property to appreciate. There is also another group buyers who is
buying property as their retirement home. They are basically downgrading from their
private property, sold off all their private property and now looking to buy HDB resale
flats for their new lifestyle. There are many more reasons and objectives
why people are into buying property. So, back to my question earlier….what is
your objective? You see….. your reasons must be very clear. When you know why your are buying a property
and what you hope to achieve after four or five years, this will help you determine the
type of property to buy. Different needs, different types of property. then you are ready to buy. You can start your property buying journey
on a right footing. Buying a property is probably going to be
one of your biggest purchase in your entire life and it’ll take a few years before you
can see any price increase. So knowing what you want out of it is a very
important first step as time and money waits for no one. So, since this video is about how to choose
and select a HDB resale flat, I’m going to assume you’ve made the decision to buy
a HDB resale flat. Here are the
list of questions you need to ask and get answers for. Price – Is the price correct? How do I know if the asking price is the correct
one? Will I be over-paying? What’s the market price? What is the purchase price I can afford? Size – How many rooms do I need? Should I buy a 3-room flat? Why I need to buy a 5-room flat? Is 82 sqm good enough or I need a
132 sqm flat? Layout – what kind of layout is a better layout? What do I need to consider when it comes to
layout? What is the layout most buyers prefer? You need to know this because the next time
when you become a seller of your own HDB flat, you want to make sure your unit is something people
wants to buy. Does it have a yard, maids room, utility room? They makes a lot of difference when its your
turn to become a seller. Surrounding – Location, location, location…this
is a common mantra whenever someone is looking to buy a property. But what is it about location you must know? A few things comes to mind…..which level,
high floor, low floor, afternoon sun, road noise, distance and so on. You need to list them down and determine what
is your priority and what’s not important. Amenities – this is one criteria that receives
the most attention. You’d want to know if there are any coffee
shops nearby, NTUC fairprice, Giant, Sheng Siong. Because this is something you’ll need everyday
and having one next to where you live is most ideal. But then, it may not be to some because of
noise and high traffic. Some prefers quiet and peaceful environment. Transport – another big must have. Is having a MRT station nearby important. What if its just a bus stop in front. These days, calling a cab or grab is so convenient
and not having one nearby may not be critical to you. School – yes, schools…Many young parents,
starting out as a family needs to plan for the schools their young children will attend
in future. Are there any reputable schools nearby the
HDB flats? Is school an important criteria? If it is, you’ll need to consider carefully
what schools are nearby your preferred choice of HDB flat. Retirement – last but not the least…….are
you looking to buy a HDB resale flat for your own retirement? Is it the time for you to consider downgrading,
selling off all your private properties and finally getting a smaller house for just you
and your spouse? If you’re buying for retirement, you’ll
need to consider health care, amenities, and elder-friendly environment. The above are the main criteria most buyers
would consider when they are looking into buying a HDB resale flat. The most important criteria that will require
our assistance is…. pricing, research, arranging for viewings and negotiating for a better
price. We have all the transaction information, we
can tabulate price comparison and we take the difficult work of arranging for viewings
away from you. It is part of our job to help protect your
interest. And the rest of the criteria, you need to
sit down and prioritize what’s important and what’s not, then you’ll be able to
choose one HDB resale flat that is suitable to your requirements. This is where we come in. This is where we add value to you. We make it easier for you in your buying journey. We help you prioritize your needs and requirement
and then, look for the HDB resale flat that fits your requirement. We help you with the financial calculation
and determine your affordability together with CPF calculation. Many first-time buyers does not have the full
picture of the buying process. This is one reason why they have not explored
enough to make a more complete decision. With our help, we can present to you a full
picture and help you make a better decision. If you are not sure, I welcome you write to
me or drop me a message. Knowing the reasons why you are buying this
property and what outcome you hope to achieve after five to ten years is often most important. Otherwise, what most buyers experience is
regret, regret for not taking the right action, and losing precious time over the years for
making the wrong decision. I hope the above is useful to you. Do let me know if there’re any topic you
want to know more about. I’ll create more blogs to answer your questions. If you’ve missed out on my previous video
related to this HDB Resale Flat series, Have a look at the screen now for the past episodes. Check them out for a better, smoother process
when you buy your next HDB resale flat. So, until my next video….take care and all
the best.

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