🏡 Building your own sanctuary is a dream. Now let's talk about the realities: everything it costs to get there.
Conversation in My Home and I
Rent or buy my first home?
Are you single 🙋♀️ and ready to fly the coop? Or looking to settle down with your life partner and begin a new chapter 💍?
Here's a quick view of differences between the two to aid your decision-making.
Here's the links to the resources we shared above:
Should you get a HDB, EC or go private?
5 tips for first-time home buyers
Single's guide to buying a HDB flat
5 things to lookout for in the Tenancy Agreement0 0
Would you spend S$1 Million or more on a resale HDB?
There are more of these million dollar transactions happening. Are they for investment? Out of need? What factors would you look at if you are buying a resale priced at a million or more?0 0
Are you living with your folks and looking to move out ASAP?
Get a headstart on independence as a 20-something with 7 tips in mind (also applicable to anyone looking to move out!)
TLDR: Moving away from home and fending for yourself at an earlier stage of life is not going easy.
Have at least 3 to 6 months’ worth of emergency savings
Adhere to the Debt Servicing Ratio of less than 35% of your income
Use a financial tracker like NAV Planner to budget everything
Cook your own meals ✅ Eating out regularly ❎
Leverage on credit cards with cashback for groceries, utilities or bills
Find a sustainable side hustle for an added income stream
Split expenses with a roommate where possible
Prepare your mind and wallet for one of the big pillars of Adulthood. Read on to learn what millennials have to say about financing your first move.1 1
Resale or BTO/SBF?
Given the rising prices of resale flats, but increasing wait times for BTO, which is a better option? Can resale be as affordable as BTO/SBF?0 2
Renovation loan tips
Any tips on getting a renovation loan? What are the pros and cons of getting one?0 3
Keep cash or quickly clear of your housing loan
Should we keep cash or quickly clear our housing loan.0 5
What's the best electricity retailer to sign up for now?
I just switched from Geneco to Senoko after my contract with Genoco is up! Seems like the contract prices and promos are changing quite frequently, so post the good deals that u see at any one point in time here!
There's a current POSB rebate of $150 (till 31 Jul 2021)
Sidenote: I experimented with SP Wholesale for a few months too, but i only use around 200kwh per month, the savings from lower wholesale prices are lower than the signup bonuses from the different retailers, so i feel it's better to go with fixed price contracts from retailers plus the around $180 signup bonuses (for 2 year contract = around $7.50 additional discount per month)0 1
Sticking with DBS Home Mortgage
Hi everyone, with the many options out there, some offering better interest rates compared to DBS, just wanted to hear from others reasons why DBS is still your preferred choice. Thank you!0 0
Does DBS offer mortgage for overseas property?
Lately, I have been looking at overseas properties where corvid may have created new opportunity to get in. What is the process like to get a mortgage from local bank?0 0
What are some tips when renovating or designing the look of a new home?
What are some tips when renovating or designing the look of a new home? What are some factors that you take into consideration?0 1
How much do you spend on your renovation?
How much are you willing to spend and how much do you spend?0 4
Which of the MAY 2021 BTOs is the most in demand?
For those who are planning to bid for the May 2021 BTO, which are you most keen on?
The locations are:Tengah Woodlands Bukit Merah Geylang0 2
Prepayment back to CPF or mortgage
Hi all, given current low bank interest rate environment and hence wonder if anyone thinks that prepayment back to CPF or mortgage will be more worth it?0 2