Buying Rental Property in Singapore? Here are a few tips

 As a buyer, if you know what you are looking for, you will save brokerage costs and find an apartment by yourself. Thanks to the internet, buying and selling apartments for rent in Singapore is more accessible. At first, you must fix your budget, prepare a list of what you are looking for, and then find a seller who meets your requirements. When buying rentals, follow these valuable tips even if you are a first-time buyer.

Write down the amenities you want

You have already estimated your budget and calculated how much space you need in your new apartment. Now, prepare a list of all the amenities and facilities you want in your rental. From security service to maintenance facilities, write down everything you are seeking. This will save you time and help in finding the right seller.

Moreover, if you have a two-wheeler or a four-wheeler, you will need a parking space to park your vehicle. Many sellers give free parking space when renting their property in Singapore. But others do not include parking in their maintenance fee, and you have to pay extra charges.

Analyze and Compare

Once you have searched for property owners giving their property for rent, visit the seller's website and analyze whether you are getting all the amenities you are looking for. Compare different sellers and drive a hard bargain before making a final deal. Finally, go with the seller offering the best deal at a reasonable price.

Get a bargain deal

When putting the property for rent in Singapore, most landlord follows the first-come-first-served principle. Sometimes, customers cancel their bookings in-between, and these pre-booked rentals remain vacant. To fulfill these vacant spaces, the landlord starts knocking down the rental rates. You will save up to 10% -20% on rentals by buying these leftover rents.

Rent HDB flat

Many expatriates prefer condominium apartments due to the many facilities that come along with them. Extra security, more privacy, better and luxurious finishings, and more space are additional features usually missing in HDB units.  

However, of late, it is seen that new condominium units are getting smaller in size, and in comparison, the new HDB housing projects are attractive. With not much glaring difference between the two, as a buyer of housing rental, it is preferable to opt for the HDB Flat instead.

Another positive aspect of an HDB flat is that they are among the safest and cleanest. Also, If you can rent an HDB apartment close to essential amenities in the city and close to the Central Business District, there is nothing like it.

Conclusion

For tenants renting a property, the practical step for them is to look for flats where they have to pay less rent per square foot and get the amnesties and the desired space accordingly.