5 Must-Know Tips If You Are Past 40 And Buying A Property

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Perhaps you’re starting your homeownership journey late; or you’ve reached that stage in life where you’re ready to upgrade (or maybe even downgrade). Whatever the case, buying homes when you’re older takes a whole different approach. You’ll find that, compared to younger home buyers, you face tighter restrictions, and need different amenities. The following will help you make the right decisions:

1. Understand the relationship between loan tenures, and Loan To Value (LTV) ratios

2. Ask if your property really needs to be freehold at this point

3. Consider ageing-in-place, and how you may change your mind later

4. Be wary of multi-storey properties with stairs

5. Be conservative when estimating the space you need

For the full article, please visit: https://stackedhomes.com/editorial/pa...

Chapters
0:00 - Intro
1:11 - Understand the relationship between loan tenures, and Loan To Value (LTV) ratios 
3:28 - Ask if your property really needs to be freehold at this point
5:30 - Consider ageing-in-place, and how you may change your mind later
6:55 - Be wary of multi-storey properties with stairs
7:53 - Be conservative when estimating the space you need
10:17 - Outro

Credit to Fuse Concept for the featured image.

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Stacked is an online editorial aimed at helping Singapore home buyers, sellers, and renters make better decisions. By regularly conducting research and publishing our findings, we hope to give our readers a much better perspective on buying, selling, or renting Singapore real estate.

Editorially independent, our articles are published in-house and do not receive sponsorship. We hope to provide unbiased, reliable content that our readers can use.

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