We all have expectations about our first house. We want it to be at a good location – preferably near an MRT station, a good primary school and hawker centres. We dream that the house will be spacious and look like one of those in an IKEA booklet. We also want to get the house fast.
However, when we balance these expectations against our budget, there are many practical constraints.
The first suggestion we have to save on the flat is to get a BTO flat. Resale flats are much more expensive than BTO flats, for good reasons that you can get the keys quick. From our observation, opting for a new BTO flat instead of getting a similar resale flat in the area could save you about 25%.
Watch the video below for the other practical tips to save!
DollarsAndSense.sg aims to provide interesting, bite-sized and relevant financial articles.
Learn together with like-minded Singaporeans at the Personal Finance Discussion SG Facebook Group by discussing a range of personal finance topics.
If you have not done so, subscribe to our free e-newsletter to receive exclusive content not available anywhere else.