Buying your first home in Singapore

Determining the type of home that you want to buy in Singapore is as important as finding the right location where you want the house to be in.

The type of home that you get should accommodate your needs right now as well as your needs in the future. You should also understand that in picking the kind of home you want to buy, you can also have a pretty good idea of whether you’ll be able to sell the property easily someday. When you search homes for sale, it’s advisable to have resale in mind, even if you don’t foresee yourself selling shortly.

Here are several different types of houses, home structures and specifications and how they may apply to a certain type of situation as well as what you can expect regarding reselling:

1. Single detached/single family homes – These homes are not attached to other houses and as such have more privacy. They are a lot quieter and could be safer for children because the property is fenced in. Single family homes have a lot of yard space for children to play in or for homeowners to build a garden in.

The drawback is that single detached homes usually cost a lot more than other types of homes, and for a good reason. Regarding the appreciation rate and new launches in Singapore, it also historically performs better than other types of homes. Single detached homes also require more expensive maintenance work.

2. Multiple family homes – Multiple family homes include condos, apartments, townhouses and the likes. These are homes that are attached to other homes in some ways. Common walls make the properties a lot noisier than single detached homes. You’ll have less privacy in these types of homes compared with other types. Common roof and other connected parts of the property may also mean that when a part of the structure needs to be repaired, you may need to depend on people living on the other part of the property to keep their side of the property well-maintained. Suitable for families who don’t spend much time at home. There’s typically no yard in these types of homes. These homes are also less expensive than single detached homes

3. Split levels – Homes with split levels can be quite aesthetically pleasing because the ceilings are high. The noise level is also easier to control. Split level homes are typically less expensive than homes with more storeys.

4. Single story homes – Everything is accessible from one level. Rooms are accessible and convenient. The downside is that noise travels faster in single story homes.

5. Multiple story homes – More living space for the square footage. Noise level is a lot more controllable than in single-story homes, allowing family members to sleep while there are visitors downstairs. It’s more expensive to keep the house heated or for cooling units to distribute cold air.

Depending on your needs and preferences as well as your budget, each house can have pros and cons. It is always good to do enough research on the same. Information about home is on the internet, or you can even visit a real estate consultant in Singapore for advice you on the same.