My Sister Decided to Let Go of Her Dream Home

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Thinking about selling your old flat and getting a Build-To-Order (BTO) flat? Here’s why it’s a great idea! You’ll get a new home with a 99-year lease, which is a fantastic long-term investment. Plus, you can boost your retirement fund by using the money from selling your old flat to buy the new one. With careful planning, you might not even need to add extra money for your new BTO flat.

Check Your Current Home

Is your current home showing its age? Older properties usually lose value over time. Check its condition and market value to see if selling now makes sense. The older the home, the more its price might drop, so selling sooner could be better.

Think Long-Term vs. Convenience

Sure, your current place might be in a convenient location, but think about the future. A new BTO flat offers long-term financial benefits that can outweigh current convenience. Plus, moving to a new home gives you the chance to renovate and create a space that’s truly yours.

Get Ready Financially and Emotionally

Selling your home can be an emotional journey. Prepare yourself by thinking about the long-term benefits and new opportunities. Do a thorough financial plan to see how much you’ll make from selling your home and how it will fund your new BTO flat and retirement.

Know the Application Process

Applying for a BTO flat involves a ballot system. Getting a good queue number increases your chances of securing a great unit. Don’t get discouraged if you don’t get it on the first try—persistence pays off. Stay positive and keep trying.

Share with Friends

If your friends are thinking about selling their homes, tell them to find a reliable property agent. They should calculate their property’s age and savings, and consider whether a BTO flat could be right for them. Your advice might help them make a smart move too!

Be Ready for Challenges

Expect some challenges along the way. Property market prices can fluctuate, which might affect how much you get for your current home and what you pay for a new one. Moving from a beloved home to a new place can be tough, so lean on your support system and keep a positive outlook. If you don’t get the BTO flat on your first try, don’t give up—keep applying!

By following these tips and preparing both financially and emotionally, you’ll be ready to sell your home and move into a new BTO flat with confidence and excitement.

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