By Kenneth Kiesnoski, via cnbc.com
- Owning a home in San Francisco, San Jose or New York can really break the bank, with total costs at more than double the U.S. national median.
- But most large cities, such as Indianapolis, are far more affordable, with median incomes more than enough to cover costs associated with typical homes.
Record-low inventory is causing home prices to rise across the U.S., so higher salaries are now required to afford monthly housing payments, according to SmartAsset.
Whether you’re casually dating, moving in together, or married, you and your partner have to be sure you’re not just compatible in terms of personality but also financially. Is your partner a saver or a spender? How seriously do they take debt? Do they have a monthly budget? Here’s how to tell if you’re financially compatible with your partner.
Location Guide & Analysis – HDB BTO Launch February 2018 (Geylang, Tampines, Woodlands, Choa Chu Kang)
By Timothy Ho, via dollarsandsense.sg
With more than 3,600 flats on offer, the first Build-To-Order (BTO) launch for 2018 is likely to attract Singaporeans looking to own their first home, or seeking an upgrade.
The best part about the upcoming February 2018 launch is that regardless of whether you prefer the eastern, northern or western regions of Singapore, there is a location available for you.
If you aren’t sure of what you need to know before choosing a BTO flat, do read our handy Step-By-Step Guide To Buying Your First BTO Flat first.
By Joanne Poh, via moneysmart.sg
You’ve spent the better part of your life paying for this property, which is as much an asset as a home to you. So of course, you’re determined to make as money as possible by renting it out.
But whether you’ll be renting out one room while continuing to live in the unit or leasing out the unit in its entirety, the last thing you want is to survey the place when your tenants have moved out, only to discover that the repairs you’ll need to pay for will take a huge chunk out of the rent you’ve received.
Whether you wish to maintain a friendly relationship with your tenant or let your agent handle everything, here are some things to beware of when renting out your property.
Singapore — Have you wondered how the government knows what land to use, and when? And even further back, how did Singapore’s dense and diverse landscape come into being?
By Joanne Poh (via moneysmart.sg)
Singapore — Your home loan is probably the single biggest financial commitment you’ll ever take on, and one you could spend the next few decades paying for. Given the magnitude, you obviously want to ensure you lighten the load as much as possible. That’s why it’s so important to be aware of when it’s time to refinance your home loan.
It can save you thousands of dollars over the years, raise your capital gains on resale and basically make your expensive home purchase a bit less expensive.
By Joanne Poh (via moneysmart.sg)
Singapore — 80 per cent of Singaporeans live in HDB flats, and many of us grew up playing with the stray cats in the void deck and trying to imagine the lives of the people in the blocks opposite.
HDB living is part and parcel of life in Singapore and, for most young couples these days, the only remotely affordable way to become a home owner. But it does come with a bunch of trade-offs. Here are five things that aren’t allowed in HDB flats.