Securing financing is a crucial factor when investing in a condo. In Singapore, there are various mortgage choices available. However, it is crucial to keep in mind the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the amount of loan a borrower can take, taking into account their income and current debt obligations. It is essential for investors to understand the TDSR and seek guidance from financial advisors or mortgage brokers. This will allow them to make well-informed decisions regarding their financing options and prevent over-leveraging. Additionally, the potential property appreciation should also be considered in the decision-making process.
7. Utilizing Outdoor Space
If your small apartment comes with a balcony or a small patio, make sure to utilize this outdoor space. With the right furniture and décor, it can serve as an extension of your living space and provide a cozy area for relaxation or …