Year: 2022

My Resale Flat Journey: From West to East

My Resale Flat Journey: From West to East

Mr Ismail shares his experience of moving from one resale flat to another!

The post ‘My Resale Journey From West to East’ appeared first on the MoneySmart blog

This article was updated on 25 May 2021.

Conversations around public housing usually revolve around affordability, value, and financing. Beyond the dollars and cents, it’s hard to get a tangible sense of what owning a flat means to people, and the significance of having a home to call their own.

We spoke to different homeowners, specifically those who had bought resale flats, to get their thoughts about their home and flat buying journey. In the first of our 3-part series, we speak to Mr Ismail, who has lived on both sides of the island.

About The Flat

Owner: Mr Ismail bin Hamid, 41, Married with 4 kids

Location Tampines
Flat Price $410,000 (after $20,000 Proximity Housing Grant)
Year of Purchase 2018
Flat Type & Size 4-room flat/ 104 sqm
Remaining Length of Lease 63 years (as of Apr 2019)
Monthly mortgage amount & loan tenure Nil (fully paid after selling previous flat)
Monthly mortgage amount & loan tenure About $38,000

MoneySmart (MS): Mr Ismail, this is an amazing looking house. Tell us a little bit about why you chose to buy a flat here.

Mr Ismail: Tampines has been my home for the past 7 years. This flat is located 2 blocks away from where I grew up in, so this is a neighbourhood I am very familiar with. In fact, one of my primary school classmates still lives in the next block with his own family!

When I was growing up, there was only Bedok Interchange. There was no Tampines Interchange, and the Downtown Line certainly didn’t exist at that time, so you can imagine that getting around was very different from how it is now.

MS: Tell us a bit about your housing journey.

Mr Ismail: After I got married, my wife and I moved to Bukit Batok, which was near her family. It was a very different area from where I grew up, so that was something new. We then moved to a resale flat in Bukit Panjang. With convenience and proximity to family being a key consideration, we decided not to wait for a suitable BTO flat. At that time, the only available BTO flats were in Sengkang and Punggol, so we chose to buy a resale flat.

Due to family circumstances, we eventually moved back to the East, a few streets away from where we are currently staying now.

MoneySmart Tip: Interested flat buyers can get information on upcoming BTO projects 3 months before sales exercises for better planning. In the meantime, you can visit HDB InfoWEB for details on the upcoming BTO sales exercise.

MS: We also understand that you moved from a 5-room to a 4-room flat?

Mr Ismail: We felt that it was a much better idea to move to a 4-room flat because there was a lot of unused space in our previous 5-room flat. Even though we have four kids (aged 12, 9, 8, and 3), we felt that this current place suits our needs perfectly.

As you can see, the amenities around this place are great for our kids. We also considered the fact that there was a park that was very accessible and our kids wouldn’t have to cross any major roads to get there.

At this point, Mr Ismail’s wife also chimes in, highlighting the fact that the 4-room flat is much easier to clean than their previous home. They also managed to completely pay off their housing loan after moving, but more on that later.

MS: Tell us about your home buying process. Did you engage an agent or do it on your own?

Mr Ismail: We decided to go with an agent, and the reason was that our housing agent was also my friend from reservist! He also helped us to sell our previous home. I would say when it comes to engaging an agent, it definitely helps to have someone who knows his stuff.

It was an easy decision to buy our current home because we knew what we wanted, and the opportunity presented itself. I would say our only regret is that we missed out on a flat that is near the newly built Our Tampines Hub. There was nothing there at that point in time and we had no idea they were going to build an integrated community hub there!

MoneySmart Tip: Besides going through an agent, buyers and sellers can use the HDB Resale Portal to perform their own resale transactions. The portal will guide you on the buying journey and help you track the progress of your transaction. The resale process takes approximately 8 weeks to complete from the date of HDB’s acceptance of the resale application.

MS: How did you plan your finances? What were your goals or considerations?

Mr Ismail: For me, I chose to pay off this flat fully. I know it might seem a little “old school”, but we believe that we should just keep our money in CPF and use that for retirement.

For our previous homes, we also chose to take a loan from HDB. My wife works in a bank, so we understand that there are benefits and risks to taking a bank loan, and we ultimately settled on getting an HDB loan. Now that we’ve paid off this flat, we don’t have to worry about a mortgage anymore, and we can focus on planning for retirement.

MS: And what sort of grants did you get for your home?

Mr Ismail: At the start when we got our first place after we got married, we were eligible for a grant for first time buyers, and of course we were aware that we could get $20,000 in Proximity Housing Grant for this flat as we were moving near my parents.

MS: Your home looks really nice and comfortable. Did you have to renovate it a lot, and how much did you spend?

Mr Ismail: We spent about $38,000 on our renovations. We did have to do quite a bit of work, which included your regular maintenance such as repainting the place and redoing the flooring and doors. The main issue with the place was that the wiring wasn’t done properly so we had to redo everything because they were crossed all over the place. The kitchen was also rather old so we gave it a refresh.

MoneySmart Tip: Figuring out what grants you are eligible for is an important part of planning for your home purchase. You can also get more information on financial planning for your home over at HDB’s InfoWEB.

MS: Can you share with us some thoughts around owning a home in Singapore?

Mr Ismail: For me, I never intended to buy a flat to profit from it. I plan to stay here with my wife till we pass on. Some people talk about leases expiring, but my perspective is that you are probably not even going to be alive when that lease expires, so why worry about it? As for my children, they will probably move out and buy a flat of their own, so I am not too worried about what happens with the lease.

There are many things that might change in the future which you have no idea about, so you plan for what you can. Other than that, I feel blessed to be able to say that I own a home, which is more than what many other people in other developed countries can say.

MS: Any other words of advice for homebuyers?

Mr Ismail: Go with what you are comfortable with. At the end of the day, you can overthink, but when you step into a neighbourhood, just ask yourself whether you feel like you belong there . Are you comfortable with the place and its surroundings? Is it a place you feel your children can grow up in?

Convenience is another factor. It might be more important for you to be near a supermarket than an MRT station. Whatever the case, understanding your needs is important. Small inconveniences can become a big deal over the course of a few years.

Source: mynicehome.gov.sg

Working Out the Math for Your Second HDB Flat

Working Out the Math for Your Second HDB Flat

Wei Di shares some tips on buying a flat as a second-timer!

Buying a flat is a huge financial commitment (you already know that!) and getting a second flat is no easier. There are many things to consider, so read on to make sure you have everything covered before putting your money down for your second home.

Computing your estimated sale proceeds

Do you know how much proceeds you might receive from the sale of your existing flat? As the cash proceeds will form part of your budget for your next flat, having a realistic estimate is crucial to helping you calculate the amount you can afford to spend. Simple math!

With information such as your outstanding mortgage loan, CPF funds used including interest, resale levy (if applicable), and some of the other payments due, you can use HDB’s Sale Proceeds Calculator to get a ballpark estimate of the cash proceeds from the sale of your flat!

Resale levy

You do not have to worry about the resale levy, if you plan on getting a resale flat on the open market next.

The resale levy applies to those who plan to buy a new flat from HDB, but have previously received some form of subsidy for their first flat – be it through the purchase of a flat from HDB, or a resale flat with the CPF housing grants.

As new HDB flats are sold at a subsidised price, the resale levy is put in place to ensure that there is a fair allocation of public housing subsidies between first-timers and second-timers.

Grants available

 

Second-timer home buyers can also be eligible for housing grants! If you are buying a resale flat that is within 4 km of where your parents/ child currently stay, you may be eligible to apply for the Proximity Housing Grant, which aims to help more families live close to each other for mutual care and support.

Use HDB’s Distance Enquiry for Proximity Housing Grant e-Service to check if the resale flat you intend to buy falls within the proximity range to qualify for the grant.

Taking up a second HDB loan

If you are intending to take a second HDB loan, do note that your loan amount will factor in your CPF and cash proceeds from the sale of your flat. This is to ensure that you do not over-borrow!

The commercial interest rate will be applied to your HDB housing loan if you plan to sell your current flat only after buying your next flat. The interest rate will be converted to the concessionary rate only after you have sold your current flat, and used the proceeds to repay your housing loan.

Contra Facility

Want to sell your existing HDB flat and buy another flat at the same time? Consider applying for the Contra Facility, which allows you to use the cash and CPF proceeds from the sale of your existing flat to purchase your next flat, concurrently.

The Contra Facility can help you reduce the cash outlay needed for your next flat, the mortgage loan amount needed and the subsequent monthly repayments. If you are buying a new flat, you can collect the keys to your new flat and renovate it, while selling your existing flat!

We hope this article has made financial planning for your second HDB flat less daunting.

Source: mynicehome.gov.sg

A Guide to the HDB Resale Portal

A Guide to the HDB Resale Portal

Buying or selling an HDB resale flat? Find out how to use the Resale Portal!

HDB resale flat buyers and sellers can now use the new HDB Resale Portal, launched on 1 January 2018.

The HDB Resale Portal streamlines all the resale of flats processes into a single platform, and provides a step-by-step guide for flat buyers and sellers throughout the resale transaction.

Using the HDB Resale Portal will benefit you in many ways:

– Shortens resale transaction time by up to 8 weeks
– Reduces manual entry of personal information
– Integrates all resale-related services
– Reduces number of appointments with HDB (Only 1 appointment required!)

With this portal, you can get instant results on your eligibility to buy a flat, housing grants, and HDB concessionary housing loan. Other important information, such as the Ethnic Integration Policy quota, upgrading status, upgrading costs billing status, and recent resale flat transactions nearby, have also been included in the HDB Resale Portal.

Here are the key steps to guide you in using the resale portal.

1. Register intent to buy/ sell

You must first register your intent to buy or sell a flat on the HDB Resale Portal. Your personal particulars will be automatically retrieved and populated from the Government’s MyInfo service.

2. Search for a flat and get an Option to Purchase (OTP)

Once you have found a resale flat within your budget, you will need to obtain an OTP from the seller. You have 21 days to exercise the OTP.

3. Choose the mode of financing

As a flat buyer, you will need to decide how you intend to finance the flat purchase. You can either use cash, CPF savings, or obtain a housing loan. If you wish to obtain an HDB housing loan, the HDB Resale Portal will guide you to apply for an HDB Eligibility Letter.

4. Request value of flat from HDB

If you are financing the flat purchase with your CPF savings and/or housing loan, you are required to submit a request to HDB to confirm the loan quantum and the amount of CPF savings you can use. You will pay HDB a processing fee of $120 (including GST).

Flat buyers can only submit a Request for Valuation after the seller has granted them an OTP. They will need to submit the Page 1 of the OTP and Request for Valuation, to HDB by the next working day after the OTP date.

If HDB requires valuation of the flat to be done, HDB’s appointed valuer will carry out the flat inspection within 3 working days after informing the seller. Flat buyers can check the flat’s valuation in the HDB Resale Portal within 10 working days from the inspection date.

5. Submit resale application

Both flat buyers and sellers must submit their respective portions of the resale application with the supporting documents to the HDB Resale Portal, after the OTP has been exercised. They will need to pay an administrative fee, depending on the flat type.

HDB will verify the information and notify the buyers and sellers of the application outcome, typically within 8 weeks.

6. Acknowledge resale documents

HDB will compute and prepare the documents for buyers and sellers to endorse in the HDB Resale Portal. Both parties must endorse the documents within 6 days.

7. Pay resale fee

Flat buyers and sellers are required to pay online for the legal and stamp fees using the HDB Resale Portal.

8. Wait for HDB’s approval

HDB will inform flat buyers and sellers once the application has been approved. The approval letter will be available on the HDB Resale Portal.

9. Attend completion appointment

Flats buyers and sellers must attend the Completion Appointment at HDB Hub to complete the resale transaction.

In summary, here are the steps for flat buyers and sellers:

 

Source: mynicehome.gov.sg

Need HLE-P with Housing Loans?

Need HLE-P with Housing Loans?

Do not forget to apply for an HLE letter before taking a HDB housing loan – it only takes 4 steps

Once you have a great partner by your side and a shiny ring on the finger, it is only natural that both of you would be looking to buy your very own home sweet home. If you wish to take a housing loan from HDB, be sure to apply for your HDB Loan Eligibility (HLE) letter before you seek out your new pad.

Why do I need an HLE Letter?

An HLE letter will tell you the amount of HDB housing loan you are eligible for, the repayment preiod, and other important financial details. This loan amount, coupled with CPF housing grants, as well as your CPF and cash savings, make up the budget for your flat.

Armed with this information, you can avoid falling in love with a flat that is beyond your means.

You will need a valid HLE letter when you book a new flat with HDB, or even when you exercise an Option to Purchase to buy a resale flat.

Okay… so how do I apply for an HLE Letter?

There are only 4 steps to apply for an HLE letter. You can do so online via HDB InfoWEB. Do prepare the required information and documents beforehand for a smoother application.

Not everyone is eligible for an HDB housing loan though, so it is best to check on your loan eligibility as early as possible. Having an HLE letter in hand will also help you plan your flat budget. There is no harm in planning ahead; after all, the HLE letter is valid for 6 months and there is no payment involved to apply for one.

 

 

What if I did not get a large enough loan?

Regular income, age, and financial standing are 3 main factors that HDB considers in loan assessment. If you are just starting out in your career, and the eligible HDB loan amount is insufficient to cover the price of the flat you have your eye on, look around some more. There will be a flat for every budget and need.

Spend within your means and do not overstretch yourself financially — a cheaper flat might mean more money for rainy days, renovations, furnishings, or even a vacation.

We also have other financial tools; to help with your planning. All the best in working out a housing budget, so you can make an informed decision when buying a flat!

Source: mynicehome.gov.sg

Where to Spend or Save in Your Renovation

Where to Spend or Save in Your Renovation

Handy tips for your home renovation journey

Budgeting for a home renovation can be tricky, especially if it’s your first time doing so. While it’s good to invest in good quality flooring and fixtures, prioritizing what you should be spending your money on is key so you don’t stretch yourself too thin.

To avoid busting your renovation budget, here are some common big-ticket items to consider splurging, or saving on.

Mixed Tiles: SAVE

While mixing graphic tiles may add visual interest to your space, you may want to forgo them, unless you can be sure that you’ll like the eclectic look just as much decades down the road.We recommend sticking to plain tiles that are less trendy but can endure the test of time.

Interior Designer: The Makers Design Studio

Kitchen Backsplash: SAVE

Enticed by pictures of gorgeous kitchens with funky backsplashes? Remember that your kitchen will function just the same without this decorative element. Since most homes come with finished kitchens, it might not be worth spending more on retiling works to achieve this aesthetic feature.

Interior Designer: Authors Interior and Styling

Wall Hack: SPEND

Reconfiguring your home is a big decision because it usually involves hacking your walls, which can be costly. While it can dramatically improve the look and feel of your space, consider your future living needs before you make a decision, whether the extra space will come in handy in the future.

Interior Designer: i Chapter

If you want the best of both worlds, do a half-hack and replace the top half of the room’s walls with glass panels. Your home will look larger as natural light can stream in, and you can still keep the room semi-private.

Walk-in Wardrobe: SPEND

A walk-in wardrobe is a worthy investment because you can store your clothes neatly and hide bulky items. Consider having compartments that can store odd-shaped belongings to fully maximise the space.

Interior Designer: Adroit ID

Bathtub: SAVE

Having a bathtub at home can be tempting because it makes you feel like you’re on a holiday. Unless you plan to do that every day, it is more feasible to stick to a standing shower. It’s way easier to clean, and you can save some money on your water bills!

Interior Designer: Fifth Avenue Interior

This article was adapted in collaboration with Qanvast, Singapore’s go-to renovation platform for homeowners to meet the right interior firm for their home makeover. Check out the original article here.

Source: mynicehome.gov.sg

4 Questions to Ask Your Potential Interior Designer

4 Questions to Ask Your Potential Interior Designer

Find out if your interior designer is right for you!

Your new house is like a blank canvas – full of possibilities, and ready to be transformed into a masterpiece. Think of your interior designer (ID) as an art director who helps to mould your space into the home of your dreams. With so many interior design firms around, it might be overwhelming to pick the right ID.

Here are 4 questions you should ask your potential ID to see if he or she is the right one for you.

1. Can I see samples of your past work?

We’re assuming you’ve already done your homework, and checked out the design firm’s portfolio and online reviews. Still, you should ask for the designer’s past works to get a better sense of their style. This is especially as individual designers may have their own specialties, which could differ from their firms’. Check if their work aligns with the vision you have for your future home.

2. What is your working style like?

It’s equally important to understand how the designer works. Having this conversation early ensures everyone involved is on the same page before works begin. You may want to break this question down further, for example:

  • How will you present your proposals? Should I be expecting ideas to be presented in mood boards, 3D visualisations or other formats?
  • What would be the best way to contact you throughout the project – via text messages, phone calls, or face-to-face meetings?
  • How regularly can I expect updates on the project?

3. What does the budget for this project look like?

Money talk might make you sweat, but the last thing you want to do is burst your renovation budget! Do also check when and how payment should be settled, and budget for this in advance. If the quotation happens to exceed your budget, evaluate which items are absolutely necessary and which are things you could live without.

4. What is the expected timeline for the project?

After all, time is money (your ID will surely agree). Highlight all the factors your designer may want to factor into the timeline. Can works on your flat only begin after a certain start date? Are you hoping to move in by a specific date?

It would also be great if you and your ID can draw up key project milestones. Do check if they have other projects that they’re working on at the same time as well, and ask if these projects will affect the progress of your renovations.

With these four simple questions, you should get a sense of whether the interior designer is The One for you.

Source: mynicehome.gov.sg

Reno Hacks: Choosing Good, Affordable Materials

Reno Hacks: Choosing Good, Affordable Materials

Pick the right combination of materials to stay within your reno budget!

While there are many aspects to renovation such as design and labour, one particular component provides the foundation (literally) – materials!

With flooring works potentially making up a huge chunk of the renovation budget, homeowners are constantly looking for cheaper alternatives to stretch their dollar! To save you the research, we’ve curated a handy list of affordable materials for every section of your home.

Wall Finishes: Traditional Matte Paint

Interior Firm: Metier Planner

Most homeowners are familiar with painted walls. They are the most common option for wall coverings, as they are cheaper and require less work than wallpapers.

Before making your decision, know that some types of paint may cost significantly more than others. Examples that are air-purifying, anti-bacterial or odourless cost approximately $80+/5 litres. Meanwhile, the traditional matte paint costs only about $50+ per 5 litres.

Interior Firm: Jubilee Interior

If you do not prioritise these health benefits, just opt for paint with a normal matte finish. Homeowners on a tighter budget may even consider a DIY paint job. This will help shave a couple of hundred dollars from your budget, as a paint package typically costs about $1,000+ for a 4-room flat.

Opt for Vinyl Flooring

Interior Firm: Meter Square

Vinyl has recently become a popular choice amongst homeowners because it’s so affordable. Typically priced at about $4.50 – $8.50 per square foot, vinyl is a pocket-friendly flooring option for the entire home. Other options like parquet or stone tiles can cost more than $10 per square foot.

Interior Firm: Design Plus

Better yet, vinyl tiles/strips can be laid over existing tiles, which means lower hacking costs! Vinyl floors are mostly water-resistant, fire-resistant and soft underfoot – making them a suitable option for homes with children or elderly occupants.

However, vinyl floors are prone to dents and scratches from sharp objects or furniture. Each vinyl piece also needs to be aligned carefully, as gaps will make the flooring susceptible to water damage.

Choose Laminates for Your External Carpentry Finishing

Compared to other options like wood veneers and melamine, laminate finishes are a popular choice – due to their affordable price point and range of finishings.

Interior Firm: Authors Interior and Styling

Solid colours and matte finishes generally cost less than those with prints (woods, marbles, etc.) or embossed and textured finishes. Similarly, laminates with special anti-fingerprint or scratch-resistant qualities will cost more.

Interior Firm: Design 4 Space

On average, one standard laminate sheet (2.4m x 1.2m) will set you back about $30+ for solid colours, and $40 – $50+ for wood/marbled patterns. However, as one sheet is enough for multiple cabinet doors, the overall price difference is not likely to be significant.

Opt for White PVC for Your Internal Carpentry Finishing

PVC and polykem are the most widely used materials for the insides of your cabinetry. Usually, white PVC is often the most budget-friendly choice, followed by coloured PVC and polykem..

Interior Firm: Black n White Haus

Do note that even though PVC is typically long-lasting and resistant to scratches, they are susceptible to heat and water damage. White PVC can also easily discolour over time.

Consider Laminate for Your Kitchen Countertops

Interior Firm: erstudio

Laminate countertops are by far the most affordable option for kitchen countertops. Other alternatives are solid surface, engineered quartz and natural stone – the cost increases in that order! Most laminate tops are essentially plywood slabs finished with a laminate covering.

Interior Firm: Schemacraft

One of the benefits of laminate countertops is its wide variety of designs. Laminates panels can look a lot like the real material it’s modelled after – be it stone or wood. If properly cared for, they can last just as long too!

Interior Firm: Authors Interior and Styling

However, if you cook often, consider selecting a hardier material, such as engineered quartz, which is highly heat-resistant. But bear in mind that once its surface or sealant is damaged, the countertop cannot be resealed again and must be replaced entirely.

Consider Ceramic for Your Bathroom Tiling / Kitchen Backsplashes

Ceramic refers to a range of clay-based surfaces, which may include homogeneous, porcelain and ceramic tiles. Hardy and largely water-resistant, ceramic tiles are a popular choice – its costs range from $3 – $15 per square feet.

Interior Firm: Charlotte’s Carpentry

Due to a higher firing temperature and kaolin (clay mineral) percentage, homogeneous and porcelain tiles are generally hardier and less prone to moisture absorption than ceramic tiles. This makes them perfect for outdoor areas! But they are also slightly costlier than ceramic tiles. Prices may also vary according to the design and where it was manufactured.

Interior Firm: Aart Boxx Interior

That being said, with tiled backsplashes, cleaning may be a problem. Food spills and grease can get trapped easily in the grout lines and are difficult to remove. So if you cook often, a seamless, glass panel may be a better option.

This article was adapted in collaboration with Qanvast, Singapore’s go-to renovation platform for homeowners to meet the right interior firm for their home makeover. Check out the original article here.

Source: mynicehome.gov.sg

Budget Easily for Your HDB Resale Flat Renovation

Budget Easily for Your HDB Resale Flat Renovation

Achieve your dream home without breaking the bank!

Buying a resale flat comes with its advantages, one of which is not having to wait long to get your keys. However, if the flat is in bad shape or the interior is not done to your tastes and needs, the renovation costs can add up quite quickly!

Interior Firm: i Chapter

Fret not –  here are some tips to help cut back on your renovation costs.

1. Set a Budget

… and stick to it! Set your budget and consider all the potential expenses that you may incur, including your furniture and fittings. (Be sure to include a buffer!) Go through the items and check if they are necessary or if there are alternative options.

Making a list helps you visualise what your biggest expenses might be and rationalise your needs. From there, you can determine if you can afford a major renovation or if it would suffice to make a few light changes to the existing flat.

Do keep in mind that renovating a resale flat generally costs more, due to the necessary repairs and restoration works, as well as any dismantling or demolition works.

Interior Firm: Juz Interior

2. Plan Ahead

If you think you might move after a few years, consider holding off on making drastic, expensive changes to the design such as wall-hacking, or investing in pricey tiles and carpentry.

Design trends can come and go quickly, and it is important to invest in timeless looks with broad appeal, especially if you plan to live in your flat for the long term.

3. Budget Wisely

While wallpaper can make your home look instantly more luxurious, paint is typically more cost-effective and requires less maintenance. To save costs, you can also reupholster or varnish existing furniture in good condition such as arm chairs and tables, rather than purchasing new ones.

Interior Firm: Versaform

Such alternatives are ways to free up your renovation budget, so that you can direct your budget towards more essential improvements, such as in the bathrooms or kitchen. In some cases, you may also need to spend on vital fixes for the air-conditioning pipes or electrical wiring.

4. Factor in Loans

While not exactly a money-saving tip, a renovation loan can help you cover the cost of certain renovation-related works so you can use your savings to buy things like furniture. Do your research on the most competitive rates in the market before applying for one.

Interior Firm: Briey Interior

Bonus Tips for Resale Flat Buyers

When buying a resale flat, you can leverage on several CPF housing grants! As a first-timer applicant, you can apply for the Family Grant and Enhanced CPF Housing Grant (EHG) if you meet the criteria. Tap on the Proximity Housing Grant as well, if you are buying a resale flat to live near or with your parents. Likewise, other grants are available for first-timer single Singapore Citizens who are 35 years old or above.

Interior Firm: erstudio

Housing loans from HDB are pegged at 0.10% above the prevailing CPF Ordinary Account (OA) interest rate. The rates may be adjusted in January, April, July and October, in line with CPF interest rate revisions. HDB’s Resale Financial Plan services are available here.

Current bank loan interest rates on the other hand, are lower than HDB Loan rates. However, the rates may fluctuate according to market conditions.

This article was contributed by Qanvast, Singapore’s go-to renovation platform. Whether you’re embarking on a major overhaul or a simple refresh, Qanvast can connect you to the right professionals for the job. Read the original article here.

Source: mynicehome.gov.sg

Ready to Renovate? We Answer Your FAQs on HDB Bomb Shelters

Ready to Renovate? We Answer Your FAQs on HDB Bomb Shelters

While you can utilise it as extra storage space, avoid removing the door or hacking the walls!

Most HDB flats built from the late 1990s are equipped with a household shelter, also known as the “bomb shelter”. While most home owners utilise the shelter for additional storage space, we’ve seen others transform the space into a cosy pantry or even a library. Learn more about these shelters in this article!

How did these household shelters come about?

Due to building code regulations that took effect in 1996, all apartment buildings in Singapore must be constructed with a household shelter. With strengthened walls, floor and ceiling, the household shelter is designed to protect you and your family during an emergency.

Can I knock down the walls of the shelter to make more space in my flat?

The household shelter is an essential part of your home, so it’s important to note the walls must not be hacked or drilled.

How do I know where the household shelter is located at?

If you look at the floorplan, you will see that the household shelter is clearly marked with the thicker black lines to represent reinforced walls. The shelters are usually located nearer to the living and dining area, or beside the kitchen area. Here are some typical floorplans:

Household shelter in the ‘middle’ of the flat layout, beside the kitchen. In this layout, the door can be inconspicuous as it is not visible from the main living room area.

Household shelter beside the main door. This layout allows you to mask the door with an extended shoe cabinet.

How can I make use of the space within the shelter?

You can transform part of the household shelter into a storeroom by installing shelving units that can be removed in times of need. Avoid filling the shelter to the brim, as you’ll need to utilise the space during an emergency.

Can I remove the door? What about the round metallic disc?

It’s important to leave the door intact and ensure that it can be opened and closed properly.

The round metallic disc is actually a ventilation sleeve for the household shelter. If needed, the sleeve can be tightened to provide an air-tight shelter. We’d recommend that you always keep the vent open and check the gasket and screws from time to time. Do visit this page for some essential maintenance tips for your home shelter!

Is it possible to re-design the bomb shelter?

Many homeowners have either redecorated the door or added design elements to mask its appearance. Here are some examples!

If the shelter is positioned near your front door, you can consider doing a customised shoe cabinet and storage cabinets, according to your décor theme. This helps you create another ‘wall’ to mask the door – can you spot it in the photo above? Alternatively, even a simple application of wall decals and stickers can help to mask the door.

The household shelter door is made of reinforced steel. Some creative homeowners have embraced its original form and transformed it into something like a fridge wall. Now, your magnet collections have a permanent home.

Read on for more design and décor and renovation tips!

Source: mynicehome.gov.sg

A Guide to Planning Your HDB Home Renovation

A Guide to Planning Your HDB Home Renovation

All you need to know for the various renovation stages to make your journey as seamless as possible!

A Guide to Planning Your HDB Home Renovation

Renovating your home can be an exciting project, especially for first-time home owners! From designing your home to completing renovation, knowing when and what to do at each stage of your journey can help you save costs and ensure a pleasant experience.

To help you out, MyNiceHome has put together a timeline and checklist for the various renovation stages to make your journey as seamless as possible!

1 Year Before Key Collection – Decide on Your Theme

Procrastination is the enemy of all good home renovations. Don’t make the mistake of waiting after your key collection before you start thinking about the theme and features that you want in your new home. This is a creative process that takes time!

Home Tours: A Glamorous 4-Room Flat in Tampines 

Pro tips:

  • Start a mood board to collate images of home designs and concepts that you fancy.
  • Keep an eye out for complementary furniture and appliances as they would influence your carpentry, tile works, placement of your electrical points or even configuration of your home spaces. Having these in mind early can help facilitate discussion with your interior designer (ID) or contractor.

Our favourite sources of inspiration? Pinterest, Instagram and our blog!

3 Months Before Key Collection – Choose Interior Designer/Contractor

Engaging a good interior designer (ID) or contractor takes the guesswork out of renovation and lets you focus on other aspects such as home furnishings and other paperwork.

Besides dedicating ample time for selection, it is important to ensure that the ID shows understanding of your needs and requirements, and your desired concept. They should also be responsive to queries and receptive to feedback, to work with you on ideas or suggest viable alternatives where need be.

Pro tips:

  • Do your research! Ask around for recommendations and study the IDs’ portfolio and customer reviews. Some questions to keep in mind – Does their style meet your personal preferences? How are the reviews for their service and workmanship?
  • Shortlist and meet up with the IDs or contractors to discuss your plans and expectations.
  • Compare quotations, bearing in mind that the extent of work and materials used can make quite a difference in the costs.
  • Once you have set your mind on a particular ID or contractor, you would likely have to go through several rounds of discussion with them before arriving at the final design.

3 Weeks Before Key Collection – Shop for Fixtures and Fittings

Lighting, bathroom and kitchen fittings – all these items are essential for your new home, while adding character and unique details. Start shopping at around 3 weeks before key collection, to account for shipping and potential delays.

What you should be doing:

  • Look out for offers including group-buy promotions for new BTO flats.
  • If you are purchasing from an overseas supplier, check if the fitting is compatible for use in Singapore and suitable for the local climate
  • Be aware of the time it would take for the item to ship.

Where to buy:

  • Any e-commerce website (keep an eye out for sales!) or group-buys in your BTO group chats.
  • Alternatively, visit reputable brick-and-mortar stores to get instant feedback and recommendations from the staff.

Key Collection

Congratulations on collecting to keys to your new home! Be sure to read up on what you can expect during the key collection processhow to conduct defects inspection, and things to look out for in your new flat.

1 to 3 Months After Key Collection – Renovation

Upon obtaining approval from HDB, renovation should be completed within 3 months for new flats and 1 month for existing flats. This will minimise inconvenience and noise disturbances to your new neighbours, especially those who may be working from home or have young children at home. Read our guide on renovating your HDB flat to familiarise yourself with the steps involved!

Pro tips:

  • Your good and early planning should be paying off at this stage, but you should regularly check in on the works going on at your new flat, to ensure that your renovation can be completed on schedule.
  • Make sure that your renovation works are being done according to the agreed specifications and design, as well as HDB’s renovation guidelines. Identifying and rectifying any mistake early will definitely save you money, time and effort.
  • Maintaining friendly relations with your future neighbours is important for a healthy start to your home ownership journey. Be mindful of the noise disturbances to them, and remind your contractor to put up a notice outside your flat that indicates the start and end date of your renovation works. This will help your neighbours make arrangements to avoid the noise and dust during this time.
  • Inform your neighbours ahead of any noisy renovation works. This is also a great opportunity to get to know them!
  • Take active steps to reduce any noise disturbances. For instance, close the door of your flat during periods where loud noise from your renovation works could be generated.

We hope you found this guide useful. Happy planning and renovating!

Source: mynicehome.gov.sg