{"id":8957,"date":"2023-06-14T15:30:53","date_gmt":"2023-06-14T07:30:53","guid":{"rendered":"https:\/\/expat.metroresidences.com\/sg\/?p=8957"},"modified":"2023-06-14T16:32:50","modified_gmt":"2023-06-14T08:32:50","slug":"property-investment-first-timer-guide-what-to-do-after-your-condos-top","status":"publish","type":"post","link":"https:\/\/expat.metroresidences.com\/sg\/housing\/long-term-rentals\/property-investment-first-timer-guide-what-to-do-after-your-condos-top\/","title":{"rendered":"Property Investment First Timer Guide – What to do after your condo’s TOP?"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″ shape_divider_position=”bottom”][vc_column column_padding=”padding-4-percent” column_padding_position=”all” background_color=”#fefeff” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”10px” top_margin=”-20%” width=”5\/6″ tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none”]
<\/div><\/div>[vc_custom_heading text=”Property Investment First Timer Guide – What to do after your condo’s TOP?” font_container=”tag:h1|text_align:left” use_theme_fonts=”yes” css=”.vc_custom_1550153835632{margin-bottom: 20px !important;}”][vc_custom_heading text=”You\u2019ve done your research, secured your OTP, paid the Buyer\u2019s Stamp Duty. Now you\u2019re just one step away from finalising your first property investment – Key collection.<\/p>\n

So what\u2019s next?
\n” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_column_text css_animation=”fadeIn” css=”.vc_custom_1686728823976{margin-top: 20px !important;margin-bottom: 20px !important;}”]Who doesn’t love the smell of fresh paint in a new house? If you’re lucky to skip past the resale condo and settle into a gleaming condo development, there’s plenty to look out for, even if it’s a brand-new property purchase. Whether your private property is for you to live in, or if you’re looking to earn some rental income, here’s a guide to what to do after your condo TOP for all the fresh condo buyers out there.<\/p>\n

After all, all residential properties are not built from the same concrete, and one condo developer is not like the other. With this handy guide, you can focus better on the intricacies of moving to a new home.<\/a>[\/vc_column_text]

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  1. Defects inspection<\/b><\/li>\n<\/ol>\n

    Upon delivery of vacant possession of your condo unit, check the duration of your Defects Liability Period (DLP) and report any defects found in your condo and have the developer rectify them. Even brand-new luxury condos can sometimes have defects, be it a door that isn’t installed properly, or a toilet that won’t flush. Plus, if you’re not aware, there will be increased costs over time as the defects become more difficult to rectify. By then, the condo association or the condo developer won’t be liable for it.<\/p>\n

    Bring along a family member or friend (preferably someone detailed oriented) to check your property for defects. Hopefully, they can cover the spots that you may have missed. It’s easy if you’re just inspecting a condo studio unit, but it’s a completely different story when you’re combing through an entire 3-room condo.<\/p>\n

    Here\u2019s a checklist you can use when conducting checks in each room:<\/span>[\/vc_column_text]

    \"\"<\/div><\/div>[vc_column_text css_animation=”fadeIn” css=”.vc_custom_1686728681200{margin-top: 20px !important;margin-bottom: 20px !important;}”]Flooring<\/i><\/b><\/p>\n