Wednesday, September 20, 2006

Pressing On



I think the last few weeks have seen alot of blog entries by me... mainly focus on 1 topic - impending House haha... very excited cos it's something that I've been thinking abt for a very long time liao to be able to own my very own home... yeah!

Though we haben got the keys yet, but i believe the "deal" is 60-70% through because
1) HDB is trying very hard to sell off JW flats (esp exec)
2) I believe dd and me meet the criteria for them unless they don't wan to approve someone who hav just started on his career ( still shaky). but that's quite impossible, cos i got a fren who applied (and got) a house in SengKang before he started working...

Now then still got alot of issues to settle... to many people, buying a house now is a very rash decision, actually to me also this way... i guess I was pretty much affect by my own desire then tat I did not think as logically and comprehensive as I should. But now since everything is almost concluded, i think it's time to just carry on wif other things...

Main problem is even we have the flat we have no $$ to renovate/furnish it, so it will be just lying there collecting dust, depreciating (mabbe not)...Haiz also can't marry so early too, haben marry how to live in it? marriage need hell lot of $$....

buying a repurchase flat i think the main reason is cos of the previous renovations lor, save $$ mah thus when buy tat time really need to consider living wif some of the "ugly" existing renovations...else just buy a new one and renovate from scratch right? As wat I always said, it would be more expensive to knock down everything and rebuild rather than build up from scratch...

Had a idea abt renting the flat out once we got the keys (not sure whether we can do it or not under HDB ruling)
Logically speaking, it's good because a whole unit can be rented out for $1000 a mth (should have alot of people fighting for this price) and if we rent out for a year we could have extra $12000 (twice the amt of of my savings) for other stuffs...

but then if we rent it out, we cannot slowly build up our little nest... dd and i can't visit it as and when we like... to just walk walk and do some work here and there to "decorate" and furnish the house.
Also the tenant might not take care of the house after returned to us it becomes err... in a different state
it's not very nice to chase the tenant out after a year also(cos if i wan to rent, i would only rent for a year after that gotta start renovations and prepare to move in liao)

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