While you're renting, understanding condo market trends can help predict rent stability and landlord behavior. Properties in high-demand areas with good resale prospects typically have more stable rents and better maintenance. However, rapidly appreciating properties may face higher rent increases at renewal. Consider the development's age, location, and market reputation when evaluating long-term rental viability.
Not all HDB blocks have lifts on every floor. In some older blocks, the lift may stop only on certain levels, meaning you’d need to take the stairs for a floor or two. Check if the flat’s floor has direct lift access for convenience, especially if you have lots to carry or anyone with mobility issues. (Newer blocks usually have lifts on every floor.)
Choose multi-functional furniture like a loft bed with desk underneath or storage ottomans. Use mirrors to create illusion of space and maximize natural light with light-colored curtains. Vertical storage solutions like wall-mounted shelves save floor space. Keep the room clutter-free and consider a small fan for better air circulation if the room feels stuffy.
Aim to return the home in similar condition, focusing on kitchens, bathrooms, and flooring. Degrease hoods, wipe seals, and clear drains. Replace spent bulbs and wash removable filters. Provide dated photos after cleaning to support a smooth deposit outcome.
Run taps and flush toilets to check water pressure (and watch for leaks). Turn on lights, fans, and air-con to ensure they work. Test any provided appliances as well. Check walls and ceilings for water stains or mold. Note any problems and have the landlord address them before move-in. Photograph any defects and attach them to the inventory to avoid end-lease disputes.
In a landed house, residents handle all the cleaning. Large spaces (living rooms, kitchen, stairs) mean more work, so housemates should set a chore routine or hire a cleaner together. Agreeing on who cleans what (and when) keeps the big home comfortable for everyone.
Take advantage of amenities to justify higher rent costs. Use the gym instead of paying for external memberships, utilize the pool for exercise and relaxation, and book function rooms for gatherings. Many condos offer additional services like concierge, dry cleaning pickup, or maintenance services. Factor these conveniences into your rental value assessment.
Factor in daily transport costs to work, not just rent. A cheaper rental far from MRT might cost more overall with daily taxi/grab rides. Consider monthly transport passes, peak hour surcharges, and travel time value. Properties near MRT stations command higher rent but offer convenience and cost savings. Calculate your total monthly housing + transport budget realistically.
