Hi anon,
Iâm sorry youâre having such a tough time, but I guess there really is no âbestâ option. Iâm assuming that you no longer want to live with your dad, so that wouldnât be an option anymore.
Putting aside all emotions that might be involved in this, I think the biggest question you need to ask yourself is - What are your future plans for yourself?
Do you plan to settle down soon, or do you plan to have kids in the future?
If you want to keep the 4 RM resale for your future, here are some of things to consider:
Seeing that you currently co-own the 4 RM resale, to be honest, I would think that if youâre looking to have kids in the future and if youâre on a tight budget, to continue living in the 4 RM resale isnât a bad option since it would provide sufficient space for kids to run around. That is also assuming the resale still has a good amount of years left for your future, should you plan to spend it there.
But of course, if your dad is no longer living with you, then where will he stay? Are you able to afford or willing to find another place for him to live in (e.g. rent a small HDB flat or room just for him)?
Another thing would be, would he be okay with moving out as well, since technically he still co-owns the flat?
That being said, are you then comfortable with the idea of your dad co-owning the house? Or would you want a transfer of flat ownership (without monetary consideration), or resale of part-share (at a mutually agreed price)?
If you definitely want to sell the 4 RM resale, here are some of things to consider:
Will the amount that you sell your 4 RM resale for be sufficient for you to look for a new place for you to live in, AND another place for your dad to live in?
If not, then you might need to tap on your own savings⊠And it could amount to quite a lot depending on whether you are going to apply for a BTO or another Resale or if you are planning to downsize and get a smaller flat.
Or is your mum in the equation, would it be possible for you to live with her as a temporary solution, or would you want to live with her in the future?
I see that you also tagged EC Condominium, is that one of your options? If so, do you qualify for all the requirements (especially the âfamily nucleusâ requirement) to purchase an EC? Are you applying under the public scheme or fiance and fiancee scheme?
Which brings us back to the question of, what are your future plans for yourself?
That being said, Iâm no expert in terms of property ownership or sales, these are just my two centsâ worth.
And pardon my intrusiveness, but based on the way you asked your question, it sounds like you still care for your father, so if you factor in familial ties and emotions into your decision, then thatâs a whole different ball game altogether, which is definitely not easy⊠đ I wish you all the best in making your decision.âââ
Hi anon,
Iâm sorry youâre having such a tough time, but I guess there really is no âbestâ option. Iâm assuming that you no longer want to live with your dad, so that wouldnât be an option anymore.
Putting aside all emotions that might be involved in this, I think the biggest question you need to ask yourself is - What are your future plans for yourself?
Do you plan to settle down soon, or do you plan to have kids in the future?
If you want to keep the 4 RM resale for your future, here are some of things to consider:
Seeing that you currently co-own the 4 RM resale, to be honest, I would think that if youâre looking to have kids in the future and if youâre on a tight budget, to continue living in the 4 RM resale isnât a bad option since it would provide sufficient space for kids to run around. That is also assuming the resale still has a good amount of years left for your future, should you plan to spend it there.
But of course, if your dad is no longer living with you, then where will he stay? Are you able to afford or willing to find another place for him to live in (e.g. rent a small HDB flat or room just for him)?
Another thing would be, would he be okay with moving out as well, since technically he still co-owns the flat?
That being said, are you then comfortable with the idea of your dad co-owning the house? Or would you want a transfer of flat ownership (without monetary consideration), or resale of part-share (at a mutually agreed price)?
If you definitely want to sell the 4 RM resale, here are some of things to consider:
Will the amount that you sell your 4 RM resale for be sufficient for you to look for a new place for you to live in, AND another place for your dad to live in?
If not, then you might need to tap on your own savings⊠And it could amount to quite a lot depending on whether you are going to apply for a BTO or another Resale or if you are planning to downsize and get a smaller flat.
Or is your mum in the equation, would it be possible for you to live with her as a temporary solution, or would you want to live with her in the future?
I see that you also tagged EC Condominium, is that one of your options? If so, do you qualify for all the requirements (especially the âfamily nucleusâ requirement) to purchase an EC? Are you applying under the public scheme or fiance and fiancee scheme?
Which brings us back to the question of, what are your future plans for yourself?
That being said, Iâm no expert in terms of property ownership or sales, these are just my two centsâ worth.
And pardon my intrusiveness, but based on the way you asked your question, it sounds like you still care for your father, so if you factor in familial ties and emotions into your decision, then thatâs a whole different ball game altogether, which is definitely not easy⊠đ I wish you all the best in making your decision.âââ