Property
Upgrading To A Bigger Condo Doesn’t Make Much Financial Sense
By Mr And Mrs Budget  •  December 18, 2019

Mr Budget came across a recent article which resonated a lot with him.

Lizardo shared this in a recent article titled “angst of replacing home”:

“A 17th floor condo at 1292 sq ft bought 12 years ago was $501,000, and is roughly worth $950,000 now. That sounds like so wow. BUT, to get an equivalent place, the price tag appears to be $1,300,000 for a 5-year resale condo on a mid-floor, with only ~1000 sq ft!  That’s a differential of +$350,000 for a smaller space.”

One of Mr and Mrs Budget’s plan is that we will be upgrading our current condo to another new place (can be private or HDB) in the future when we have more than 1 kid. 

Our current place is 872 sqft and comes with 3 bedrooms, one of which is the master room, the other one is a guest room, and another is a small room

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By Mr And Mrs Budget
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