26 Jun '15, 11pm

3 Questions I should ask myself before buying a second property - @SGPropertyGuru Buying Property Guide #invest

With property prices dipping south in recent months, you might be tempted to buy a second property. Whether you are buying it for investment purposes or as a vacation home, there are many considerations to be taken into account before you make the final purchase, and commit a huge chunk of savings into it. Below are 3 key questions you should ask yourself before you take the plunge: 1. What do I intend to do with the second property? We agree it is a buyer’s market now, however, just because something is “on sale” does not mean you need to buy it. Therefore, you need to ask yourself this: what do I intend to do with the second property? Do you want to rent it out to earn passive income or use it as a vacation home? If you intend to buy it solely for investment purposes, you will need to be more selective with your choice of location and property size to suit the needs of p...

Full article: http://www.propertyguru.com.sg/singapore-property-resourc...

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