HDB Resale Checklist 2024 for Buyers

Purchasing an HDB resale flat in Singapore is a major decision. As the buyer, it is critical that you do thorough research before and after viewing flats, to help you select the ideal home meeting your needs and budget. Here we listed down the HDB Resale Checklist which covers all the important factors in both before and after viewing HDB Flats.

HDB Resale Checklist – Key Factors to check before viewing an HDB Resale Flat in Singapore

1. Time Period of Homeowners

When looking to purchase an HDB resale flat, it’s important to consider how long the current owners have lived there.  Flats that have only been occupied for a short time ie., immediately after the MOP may indicate potential issues that prompted the owners to sell quickly. Ideally, look for flats that have been owned long-term, as this suggests the owners have been satisfied living there. Long-term owners are also more likely to have upgraded features and furnishings.

2. Property Up Sale Period

Pay attention to how long the HDB flat has been on the resale market. Flats that have been up for sale for a long time could mean the owners are having difficulty finding buyers, perhaps due to an unattractive location, floor plan, price factors. A flat that sells quickly is usually a sign of a good property. However, also be wary of owners who are desperate for a quick sale, as they may not disclose underlying issues.

3. Budget

Have a budget in mind before viewing HDB resale flats. Factors like location, floor plan, and furnishings can significantly impact pricing. While it’s tempting to view expensive flats outside your budget, it will be difficult to later settle for something more affordable. Be realistic about what you can afford and look for flats priced comfortably within your budget. This will set reasonable expectations.

HDB Resale Checklist – Key Factors to check after viewing an HDB Resale Flat in Singapore

1. Location

Evaluate the location and look at the neighborhood. Is it close to public transportation, schools, shopping centers, parks and other conveniences? Are there eateries and amenities within walking distance? Also observe the residents in the area. Does it seem like a safe, pleasant community? Location greatly impacts quality of life, so ensure it suits your needs.

2. Flat Condition

Carefully inspect both the interior and exterior of the flat. Check for signs of deterioration like cracks, leaks, stains, or pest infestations. Turn on all faucets, appliances, lights, fans, AC units etc. and test for proper functioning. Examine the floors, walls, ceilings, doors and gates for damage. Take note of any renovations needed to upgrade worn fixtures, flooring, and furnishings. This will impact your budget if you purchase the flat.

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3. Nearby Benefits

Look at what facilities and services are located close by. Proximity to schools is important for those with children. Meanwhile, quick access to public transportation like MRT stations and bus stops is essential for all commuters. The availability of food outlets, grocery stores, clinics, and recreation centers will affect convenience. Check if banks, post offices, and other amenities are within walking distance as well. Living near useful services enhances daily life.

4. Other Interior Features

In addition to condition, assess the flat’s interior layout and features. Consider the floor plan and determine if rooms are spaced efficiently. Check if there is ample bedroom and storage space. Examine the placement of electrical sockets and air conditioning units. Look for modern amenities like fiber-optic internet connections. Units with an open kitchen concept are popular. Newer flats will have upgraded interior fixtures.

5. Financial Matters

Review documents related to the flat’s financials. Check the remaining length of the lease, as this affects resale value. Look at records of past maintenance fees and obligations. Ask about any special restrictions from the Town Council. Review the renovation and resale procedures. Understand regulations regarding CPF use, mortgage servicing, and ownership transfers. This protects you financially when purchasing the flat.

In summary, being thorough before and after viewing HDB resale flats will help you make the best decision. Carefully inspect the flat and consider all factors impacting your living experience, convenience, finances and long-term value. This ensures you select a quality home meeting your needs and budget.

Disclaimer: The content is intended for general informational purposes only. Doorvisual Pte Ltd does not guarantee the accuracy or suitability of the information provided, and we do not make any warranties, express or implied, regarding its fitness or applicability. While we strive for accuracy, reliability, and completeness at the time of writing, this information should not be solely relied upon for financial, investment, real estate, or legal decisions. It is advisable to seek guidance from a qualified professional who can consider your specific circumstances. We hold no responsibility for decisions made based on this information.