facebookHow much should 1 have in savings when getting ready to purchase a home? I know this qn is vague but i just want to know like a realistic/reasonable gauge. - Seedly

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Anonymous

31 Jan 2023

βˆ™

Property

How much should 1 have in savings when getting ready to purchase a home? I know this qn is vague but i just want to know like a realistic/reasonable gauge.

Getting my 5 rm flat in 2 years time (hopefully earlier)... just an estimate is fine

Discussion (4)

What are your thoughts?

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Reno and appliances cost, range from 50K to 100K, see how much you want to do.

All payment that must be paid in cash + renovation (If it is a completed house and ready to kick start anytime and move in fast).

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Besides HDB loan, or mortgage Loan, try to avoid renovation loan etc, so not worth it

  • Downpayment - 15% (HDB loan) - up to 25% (Bank Loan) of home value - at least 5-10% + admin and le...

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