Nov 10 2021, 04:42 PM
QUOTE(BboyDora @ Nov 10 2021, 02:14 AM)
Hi, wanna ask opinions from all sifu here with experience.
Let say i bought a subsale , and after all the money i spent, i had no money to do renovation. As i planned to do major renovation plus all new furniture ( cost a bomb)
by calculations, if i didnt die (touch wood) or permanent disable ( touch wood) , i can have enough fund in 1 year time.
Question
1. Should i rent out for one year agreement.?
my worry : Will people rent if they know im going to take back the property in one year time ? (terrace house btw) The house is not for investment purposes.
2. Should I just leave it and go there to clean every single day.?
Reason: rent out might face tenant problems. not paying. or request me build this and that (cost money too)
The reason i wanted to buy now because landed property will keep going up no matter how bad the economy is. and the location suitable for my kids education and convenient. i can buy cheaper but far far away.. Plus a highway nearby is going to complete in 2 years time.
Yes. I know some people might say "no money then dont buy la"" .
I m a property noob here.
Any suggestions or insight that can share?
Generally, people rent unfurnished houses with the view of long term rental.Let say i bought a subsale , and after all the money i spent, i had no money to do renovation. As i planned to do major renovation plus all new furniture ( cost a bomb)
by calculations, if i didnt die (touch wood) or permanent disable ( touch wood) , i can have enough fund in 1 year time.
Question
1. Should i rent out for one year agreement.?
my worry : Will people rent if they know im going to take back the property in one year time ? (terrace house btw) The house is not for investment purposes.
2. Should I just leave it and go there to clean every single day.?
Reason: rent out might face tenant problems. not paying. or request me build this and that (cost money too)
The reason i wanted to buy now because landed property will keep going up no matter how bad the economy is. and the location suitable for my kids education and convenient. i can buy cheaper but far far away.. Plus a highway nearby is going to complete in 2 years time.
Yes. I know some people might say "no money then dont buy la"" .
I m a property noob here.
Any suggestions or insight that can share?
No one is obligated to extend rental beyond the contract. Not you, not them.
Any requests for renovation will be brought up before signing, unless its a defect/repair. Don't agree to anything you dont want to, settle.
For your scenario, I would recommend you be upfront with anyone you discuss with that it is a 12 months with no extension.
Say it early, better to filter tenants out asap instead of at the end of a 45 minute call.
I dont understand why you want to clean an empty house every single day...?
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