Need Guidance on Renting?
Commercial Spaces is a trusted resource for all types of rentals. Finding your next space in Singapore has never been so easy. Just contact us today, tell us your specifications and sit back as we discover the perfect property for you.
steps to choosing the right space
Before you start looking for your apartment or house, determine how much you can spend for the monthly rent, the area you would like to live in, wants vs. needs in your home and working with a professional. Here’s our Renter’s Guide to help you refine your search every step of the way.
1. Research Areas. When looking at areas of interest take into consideration your job and commute time, school district, distance from loved ones and any other factors that are important to you.
2. Check Your Credit. Since you are likely to need a mortgage to buy a house, make sure your credit history is as clean as possible. Ask for a copy of your credit report and correct any inaccuracies before you begin house hunting.
3. Calculate Your Income. Aim for a house you can afford. The rule of thumb is that you can pay for a house that is two-and-one-half times your annual salary. Getting pre-approved by a lender will ensure that you are looking at houses in the right price range.
4. Hire A Professional. You can use the internet to find real estate agents in your area. Also, it is best to ask for recommendations from people who have used agents when buying their home. Ask them what their experience was like and if they would use the same agent again. Interview several agents before determining the one you want to work with.
5. Do Your Homework. When making an offer on a house, your opening bid should be based on the sales trend of other homes in the neighbourhood. Use a Comparable Market Analysis of homes sold in the last three months. If homes are selling five percent below the asking price, then make your offer five to ten percent below the listing price.
6. Hire A Property Inspector. Once your offer is accepted, you should hire a qualified home inspector to perform an inspection. After completion you will be informed of any costly repairs that the property may need.