Becoming a homeowner is one of those milestones that can be very different for each person. For some, it’s a moment of relief at finally being free from landlords or meeting social expectations. For others, it’s a mild panic when they see the first mortgage repayment turn up and realise this is going to be a part of their lives for the next two decades or longer.
Either way, the first year of home ownership is often an eye-opener and a major rung of the adulting ladder. We spoke to two homeowners – one is the owner of a private home, and the other who bought a HDB flat – to find out what they think aspiring buyers should be prepared to face:
Buying a resale flat close to their original home
KM and her husband have owned a resale 3-room flat in Tampines for close to a year. Previously, the couple,…