Finances play a huge role in the milestones accompanying the life stages of a young adult and buying your first home is probably the biggest purchase that you will first be making. It involves a myriad of tasks that have significant financial implications such as choosing a suitable home, adopting the right mortgage repayment strategy and overseeing the home renovation process. This article is a starter pack that consists of tips that would help potential first-time home buyers plan ahead financially.

TIP #1: TAP ON HOUSING GRANTS AND YOUR CPF SAVINGS TO SUPPORT YOUR FLAT PURCHASE

Once you plan to settle down with your other half, the topic of flat buying inevitably crops up. Buying a flat is often seen as the first step to building your love nest. Factors to consider would include the budget as well as the location. Proximity to transport nodes, amenities and parents’ homes are all considerations that could affect the eventual location.