Asked by GG
I currently own a FH Landed Intermediate Terrace House (2 storey with built-in around 2000+ sq ft) which is about 20 years old.
As my property is getting old and things are beginning to fall apart. I am considering if I should spend money to renovate it or to sell it and buy a FH Strata-Titled Cluster House (3 storey with a basement and built-in of over 3000+ sq ft) which comes with condo-styled facilities. Both properties are in the same district/area.
However, I heard that it is better to hold onto my current property as it will have better value (resale value) in the future as compared to the Strata-Titled Cluster House. Is this true? Hence, is it wiser to renovate and hold onto my current property or should I sell and possibly top up a million to get the Cluster House?
As my property is getting old and things are beginning to fall apart. I am considering if I should spend money to renovate it or to sell it and buy a FH Strata-Titled Cluster House (3 storey with a basement and built-in of over 3000+ sq ft) which comes with condo-styled facilities. Both properties are in the same district/area.
However, I heard that it is better to hold onto my current property as it will have better value (resale value) in the future as compared to the Strata-Titled Cluster House. Is this true? Hence, is it wiser to renovate and hold onto my current property or should I sell and possibly top up a million to get the Cluster House?
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