You were ready to BTO with your partner. Only, even after getting married, you’re still on the waitlist of buying a BTO flat. Buying a resale flat is not settling for less, which is why you absolutely shouldn’t settle for less if you’re buying a pre-owned flat.
One of the perks of buying a resale flat is being able to move in immediately, so you should ensure that the house you’re buying is in good condition.
And remember: a resale flat has been lived in before. Scroll through the gallery to find out the key things you should do before you sign on the dotted line.
1. Have a Walkabout
It’s common to be told the flat is “just three minutes” from the MRT station, or the nearest mall. But remember that such estimates are often exaggerated, and you shouldn’t take them at face value.
Distance and speed vary based on who’s walking; it may be a three-minute brisk walk for a 25-year-old athlete, but not for your 60-year-old parent who’s staying with you.
It’s best to test these things out for yourself, by taking a walk to the amenities.
2. Bring a Compass (or Compass App)
Check that the unit (the main windows) isn’t facing directly east or west. If it does, know that your unit will be hotter than others. The sun will shine directly in from around 12 p.m. onward, and you’ll be spending more on fans or air-conditioning.
Some sellers will fudge the truth, such as by telling you the unit is facing “north-west”, when in reality it’s just plain old westward facing.
3. Swing By at a Different Time
Sellers will choose the optimum time for you to view the flat. But bear in mind that certain hours, such as between 2 p.m. to 4.30 p.m., are not reflective of “real” conditions.
Most people are at work during those hours, so naturally the flat will be quiet. But you need to drop by the area at, say, 7 p.m., to get a sense of how noisy the place really is. Once everyone is back from work, the entire floor might sound like a packed pasar malam.
You also need to consider the traffic noise. Some flats are located near major roads – while that makes access easy, the noise can be unbearable at peak hours, or even late into the night.
4. Check the Water Heater(s)
If the unit you are interested in has a storage water heater (the type that uses a tank), you’ll want to pay particular attention that it is working properly.
Let the tap run for a while, with the water heater on. Is the heater working at all, or working poorly (e.g. after three minutes there’s nothing more than slight warmth)? If the water heater isn’t working well, note that it will be expensive to replace, and/or discard (you’ll need to hire a professional).
Another way to check – if you don’t want to run the water – is touch the wall in front of the heater. If it’s working, the area should warm up after you leave it on for a while.
5. Check for Loanshark Graffiti
One warning sign you definitely want to check for is the presence of graffiti left by loansharks.
If the flat has been targeted by loansharks, the seller would have cleaned off the marks before the viewing. However, you can often see loanshark grafitti in the stairwell and common corridor as well, especially on other levels.
(Check the paint closely; you can still sometimes see the graffiti under a thin coat).
Remember that, even if your unit is not the specific one targeted by loansharks, you will still be affected. For example, if a neighbouring unit has loanshark troubles, it may spill over and affect you.
Also note if private CCTV cameras have been set up, to point at the common corridor. This may be nothing (the previous owner may just like the added security); but it may also be a sign of loanshark troubles.
6. Check the Doors for Sagging
A common problem with older flats is sagging doors. This is when the hinges loosen with time, making the doors difficult to close or open. It’s expensive to replace the doors, so this should be factored into your cost decisions.
Many new buyers forget to fully open and close each door to ensure they don’t sag, and also to check if the locking mechanism on all of them work.
Don’t be afraid of appearing nitpicky. Make sure to fully open and close all doors in the flat you are intending to buy (and don’t forget the cupboards and cabinets, if you plan to keep them!)
7. Check for Relevant Amenities
Check if the main amenities in the area are relevant to you and your family.
For example, the presence of a neighbourhood mall will jack up the price of your flat. However, are you likely to frequent the retail outlets and eateries in that mall?
If you’ll rarely go there, then the mall access may not be worth paying for (in fact, it could just be noise pollution on the weekends).
Likewise, there’s no point having a lot of eateries nearby, if they all sell food that doesn’t agree with your budget or diet.
As a further step, visit the advertised park spaces, nature walk, bus interchanges, etc. and decide if they really make improvements to your lifestyle.
Text: Ryan Ong
Additional text: Hidayah Idris
The post 7 Important Things to Look Out For When Buying a Resale Flat’ first appeared on the SingSaver Blog.