The COVID-19 pandemic has caused many delays in HDB BTO projects, forcing many home-buyers to seek alternative options such as resale flats or private housing. Compounded with the Fed rate hike that has led to local banks raising their home loan rates (which currently stand around 3%), there’s a growing concern among prospective homeowners about financing their dream homes.
Apart from turning to home loans and renovation loans, many increasingly design-savvy and budget-conscious homeowners may choose to DIY their home renovations instead of hiring an interior designer. After all, depending on your wish list, renovating your home with the help of an interior designer can cost a pretty penny these days—renovation costs for some HDB flats can even hit six digits!
But are DIY renovations the best way to go? Do they really save you a significant sum of money? And what are some budget-friendly options and tools (apart from...