Home Ownerships Costs That Can Ruin Your Budget

Moving to a new home is already costly and daunting as it is. There are lots of documents to process, papers to sign, as well as decisions to be made. In case you have been lucky to rent a new launch condo near your office in Singapore, let us help you ensure that your move will be as smooth as possible. With these tips in mind, you can avoid any of the following home ownerships costs that can ruin your budget.

  1. Renovation Costs

If you don’t like the existing design of your new launch condo, then it’s time to rely on your talent in interior designing. Spend some time scouring the internet for a design that matches your lifestyle and preferences. From the kitchen appliances to the wall paints, save money and time by being your own interior designer. Once you’ve come up with a motif, ask some of your friends’ opinion to check if your plan is feasible. In case you have a little extra cash in your hands, you can also hire a professional interior designer. Check online reviews and ask for a quotation before signing any contract. Ask for recommendations so you can ensure that you are getting your money’s worth. Another tip to lessen the cost of renovation is by doing some of the easy tasks such as painting the walls on your own or with a little help from your friends.

Renovation Costs

  1. Furniture Costs

Now that you have already planned the design of your home, it’s time to scout for some furniture. Don’t jump into availing interest-free credit card installments just to get the designer sofa or coffee table that you have always wanted. Visit as many online and physical stores as possible so you can compare the rates of the furniture that you need. If you think that you will go beyond your budget, look for alternatives. For example, if the designer sofa is too expensive for you, find similar designs that offer the same comfort yet cheaper rate. It is also advisable to create a list that separates all appliances and furniture from your wants and needs. Prioritize the items on the needs and forgo some on the wants.

  1. Maintenance Costs

If the condo management is taking too long to fix the broken plumbing pipes in your kitchen, then you will have to use some money from your savings to immediately solve the problem. Plus, sooner or later, the paintings on your wall will wear down or some of the furniture needs to be changed so you have to spend a bit more than what is planned.

Maintenance Costs

  1. Bills

Regardless of whether you are living in a landed property or in a condo, bills will always be one of your worries. A great way to save on your utility bills is buy choosing energy-efficient appliances. They could be pricey at first, but in the long run you will thank them for helping you save money in your electricity bills.

  1. Costs for services that are not included in your rent

Some of the services that are usually not included in the rent are the subscriptions for telephone and cable. Your condo will be installed with phone and cable hookups but you will have to talk to another service provider for the subscription. Ask a friendly neighbor or one of your colleagues about these services to know which company offers the best and the most affordable subscriptions rates in the area.

Let SOL take the stress off your shoulders when it comes to investing in new condo launch. Head over to their website for more information about their services!

About JhonArthur

HI,I m Fenix Raw and working on SEO for many years and have experience on all SEO tool such as submissions, guest posting, backlinking, link wheel, social bookmarking, and many others. I ensure your dedication, punctuality and honesty from my side.

Leave a Reply