AskGuru Q&A Community

Afternoon Kenlin,

1) If the billing was billed to you prior the completion of sales, you will be liable to pay the lift upgrading. However, if the billing is sent after the completion of sales, your buyer will be liable for it.

2) By tearing down the older built-in and putting up new ones will cost you around $15k. With nice built-in, you may only get increment of valuation of nothing more than $15k. There are also buyers who love original units where they can spend money and effort in building their dream home.

3) Before the valuer come in for photo taking, you might want to tidy up your place, open up the windows and switch on the lights. Bright unit will project a bigger living space and better feel.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Kenlin,

The payment LUP will depends on who is the legal owner of the property when the final bill is being done, therefore if you have already been billed for the LUP, it is your responsibility to pay the remainder. This amount can be directly deducted from the sales proceeds for positive sale.

Judgement if it is worthwhile to carry out any repairs, removal or upgrading of the interior works is very subjective. I must say that the proposition looks good if you are able to trade off $10k costs involved in doing so to achieve $15k more in selling price (note above quotes are purely for example), but if you are able to put the time required for these activities into other areas, will you be able to earn more or spend more quality time elsewhere?

I am also curious to find out on your decision to sell despite the unit being rented out previously and rental yield for your place is likely to be extremely attractive due to the location near MRT, schools and several industrial area. Anyway, if you are interested in a home report that I have got my PA generate for you pertaining to the recent prices for sale and rental in your area, do let me know how I may actually get it sent to you.

Regards,
Geryl LIM
Real Estate Consultant/District Manager
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More

Dear Kenlin,

Yes, you need to pay off the outstanding before completion.

I don’t recommend you to remove the cabinet or wardrobe, or replace the laminate flooring since its cost money. But I suggest you to clear away all other furniture that are moveable such as sofa, bed etc. This will create an impression that the unit is bigger and brighter.

Hope that I had answered your questions.

If you are looking a salesperson to assist you, may I ask for an opportunity to present to you my marketing plan.

Thanks and Regards
Johnny Goh
R018297H
Senior Group Director
DWG Ace Division
Dennis Wee Realty Pte Ltd
Mobile: 90906267 
Email: johnnygoh.dw@gmail.com
Website: johnnygohproperty.com Read More