Securing financing is a crucial element in the process of investing in a condominium. In Singapore, various mortgage options are available; however, it is imperative to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the amount of loan a borrower can obtain, taking into account their income and current debt commitments. Being well-versed in the TDSR and seeking guidance from financial experts or mortgage brokers can assist investors in making well-informed decisions about their financing choices and prevent excessive leveraging. Additionally, considering property appreciation is a natural factor to factor in when making financing decisions for a condominium investment.
11. Add a Water Filtration System
Instead of buying bottled water, install a water filtration system in your kitchen. Not only is this a more sustainable option, but it will also save you money in the long run. Plus, filtered water tastes better …