Hello
I am 49 now. Living in a hdb mansionette roughly value $600000 northern area.
I would like to downgrade. Question is what are my best choices . I have come out 3.
1. Apply for 4 room bto,which subjected to levy, I think ard $55000 ? Estimated completion for upgraders 4 years ? Cost average $300000
2. Resale 4 room,which escape levy,but have to factor reno cost total average $400000
3. Lastly ,stay put in mansionette,renovate and service existing loan $180000
Lets discuss, any input is appreciated
Thanks
I am 49 now. Living in a hdb mansionette roughly value $600000 northern area.
I would like to downgrade. Question is what are my best choices . I have come out 3.
1. Apply for 4 room bto,which subjected to levy, I think ard $55000 ? Estimated completion for upgraders 4 years ? Cost average $300000
2. Resale 4 room,which escape levy,but have to factor reno cost total average $400000
3. Lastly ,stay put in mansionette,renovate and service existing loan $180000
Lets discuss, any input is appreciated
Thanks