Saturday, 16 July 2011
Terrace houses (They call them linked houses here too)
For most terrace, its basically 4 or 4+1 room and basically 1 small room(granny) and 1 maid room(depending on configuration) and a 3 rooms upstairs.
One masterbedroom with attached toilet. 1 medium and 1 smaller room
sharing a toilet. There is also a space with high ceiling which lets you put a dining set + sofa there with a lcd/plasma mounted on a wall for a cosy "2nd" living area or you can use it as a formal dining area. The choice is yours. Oh and of course, all models(even the smallest) have a storeroom and wet+dry kitchen.
Whichever property you go for or which path you choose to take, sincere best wishes for you.
Again, like my dad always said to me, start small start big never mind, must start somewhere!!!
Even my dad who was a stubborn anti-jb guy is convinced after our repeated visits.
Remember, even with as little as 12-15k, you can make a difference and go for a terrace house. Own land, everything.
Forget what people will say about renovation costs etc. If you are in no hurry to rent out, you can alway renovate 1, 3, 5 or even 50 years down the road. Do it slowly as there is no hurry, there is no 99 years limit breathing down your throat.
Also for rental market, if you do it up and fully furnished, of course you can have higher rental income but there are also people who rent it out unfurnished (advantage is start up cost low as no need for furnishing, disadvantage is lesser monthly rental income) so there are many ways to skin a cat so to speak.
We need to stop only thinking out of the box, creativity cannot be taught. It is something to be learnt on your own.
Also, the properties i mentioned so far are freehold land and foreigners lot so its land gazetted and meant for us anyway.
Remember to check for the status of the property though, i understand there are some other projects being launched which are 99 years. Do your sums carefully.
We need to start thinking out of the country!!!
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