Landed properties, from terrace houses to good class bungalows (GCBs) are coveted for many reasons, including steadier capital appreciation, more space (including outdoor space) and better privacy. However, while the upsides can convince you to pay the extra million or two, landed properties also come with added responsibilities that weren’t required when you were living in a condo. These responsibilities may also cost you hundreds to thousands of dollars as well, so it is prudent to make sure you budget accordingly when buying your landed property. So what is it that you’ll have to pay for? We explore a few of the new costs below.
1. Gardening and Landscaping
Now that you have a landed property, you also have outdoor space. Gardens and yards can offer great opportunities to create a private outdoor oasis right in your own home. However, landscaping does come at a significant cost, especially if you are looking to do major renovations