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starmangos · 3 years

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The Watergardens Condo at Canberra MRT

http://singnewhomes.com/watergardens-near-canberra-mrt/

The Watergardens at Canberra by joint venture UOL, UIC and Kheng Leong is a low-rise 5 storey condominium situated along Canberra Drive in District 27. It is projected to yield about 448 residential units and is mins walk to the Canberra MRT Station.

A myriad of amenities can be found nearby the vicinity of Provence Residence EC. For dining, shopping and entertainment, there are Sun Plaza, Sembawang Shopping Centre, Northpoint City and the new Canberra Plaza. Several eateries are also located at the shophouses along Sembawang Road and at the nearby Chong Pang City, a neighbourhood cluster where ones can also get their groceries and basic necessities.

For leisure nearby are Sembawang Park, Admiral Country Club and the future Sembawang Sport and Community Hub, which consist of the largest Active SG Gym, indoor and outdoor swimming pools, sport hall, running trails, polyclinic and a hawker center. Provence Residence EC is about 25 minutes’ drive to Orchard Road, the Central Business District (CBD) and the City Centre. The site is also easily accessible to all parts of the island via Gambas Avenue, upcoming North-South Corridor, Central Expressway and Seletar Expressway.

Developer Discounts For Our Buyers

The Watergardens Showflat

The Watergardens Information

The Watergardens Discounts

The Watergardens Latest Updates

Developer Sales Hotline

May 17th 2021 : Register With Us To Receive Latest Site Plan & Floor Plans! May 17th 2021 : Welcome To The Watergardens.

Booking Ryse Showflat Viewing

In view of government act on social distancing due to the Covid 19 situation, viewing of showflat is only by appointment basis. Please register at this page and wait for our confirmation call from our salesperson.

The Watergardens Showflat

#The Watergardens Condo at Canberra MRT

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starmangos · 4 years

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Ten Tips for buying Rental Properties

This article will provide the top ten tips for buying rental properties. Buying rental properties is a good way to increase your assets. However, choosing the right rental property will be challenging. Here are a few things to check for prior to buying rental property.

Buying rental properties is a good way to increase your assets. However, choosing the right rental property will be challenging. Here are a few things to check for prior to buying rental property.

1. Location - Most people don't want to live in the boon docks. The location of your rental property will determine how easy it will be to rent. If you have a lot of vehicle traffic, you may receive a greater response from a sign at the location than you will from a newspaper add.

Tenants want to live in nice neighborhoods close to all the amenities. They want to be close to the schools, stores, recreational locations, hospitals, and work.

I haven't met anyone who wants to live in an undesirable neighborhood or drive 15 minutes for a gallon of milk.

2. Numbers - When buying rental property you want to check the numbers. Make sure you have all the expenses associated with that property and make sure it still has a positive cash flow.

Take into consideration the maintenance issues, any utilities not covered by tenant and amortize the cost of the big projects like furnace replacement, new roofing, siding or landscaping.

These projects only happen once every 15-20 years but you may be coming in to this in the 10th year of that cycle. Remember to calculate your expenses high and your income low. This can save you some surprises down the road.

Expect the unit to be empty at least one month per year due to turn over. You will have to repaint and clean the carpets the first 2 weeks, then advertise and show the next 2 weeks. You should only count on 11 months of rent per year.

3. Lower Maintenance Buildings - You want to avoid homes that will require expensive routine maintenance. Some examples would be homes that have cedar-shake shingles or siding, wood sided buildings, wood frame windows, brick driveways, cedar decks, etc.

Try to look down the road and determine the future maintenance needs. Remember the lower the maintenance the less headaches and larger profits.

4. Higher Home Prices - Check in towns with higher home prices, because this increases the demand for rental property. Look for the ugly house on the block that has a lower price, enabling you to purchase within the margins.

After some interior and exterior paint, a little light landscaping and new curtains, viola', a house that will get premium rent because of the class of neighborhood.

If people can not afford to buy a home in this class they will have to rent. This will create a demand for rental property.

5. Below Market Rent prices - When buying rental property, look for rental property which has rent prices that are below current market rents. This will allow you to raise the rent and increase the value of the property. As per above, this may just need a little fluff to enable raising the rental price.

Rental property market value is determined by the amount of income received by the rental property. However keep in mind, if the rental property has renters when you purchase it, they may not like it when you raise the rent. Also check to see what type of lease is in place. The lease goes with the sale.

If the current renter is paying a substandard price and has 1 1/2 years left on the lease it could turn out to be a losing proposition.

There is only one way to cut a lease short as a new owner. You must remodel the place. Check with the local housing commission to see what the minimum cost requirements of remodeling are for immediate eviction of current lease holders. It is usually as little as $10,000.00 in remodeling cost to get a remodeling eviction. By the way, you didn't hear this from me!

6. Good Rental History - Whenever buying rental properties, you must check the rental history. Check to see on average how long tenants are staying and do they pay their rent on time. Some areas of town are naturally quick turnover times. Near airports, loud bars or nightclubs, near military bases, etc.

7. Complies with Zoning and Fire Codes - Make sure you check to see if there are inspections required by local officials for rental properties and does this property pass those inspections. You never know the real reason the current owner is selling the property.

It may need extensive repairs to pass the inspections. A quick red flag would be if the electricity has been turned off for over 90 days. They will usually require an inspection before restoring power, especially if it is a known rental.

8. Less Than Twenty Years Old - This is self explanatory, if you restrict your selection to buildings that are less than twenty years old, you will limit the chances that the building will have any building code or maintenance problems.

The building could be near the maintenance cycle for roof, paint and possibly furnace but the structure will be sound and not needing upgraded windows, siding or cement repair.

9. Out of State Owners or Managers - When buying rental property, look for properties that are owned by out of state owners. It is hard to manage rental property from out of state and when these come up for sale, the owners are usually more concerned with selling quickly than getting top dollar.

In order to rent a place quickly you must live near by so you can show it at the caller's request. Often times they will ask to see it in the next 20 minutes or so. Cater to their requests and show it quick. Most renters need a place within the next week or so and will not wait to see your place until next week because you are busy.

Most times they will make a decision before tomarrow when it would be more convenient for you to show it. This has happen to us to many times.

Never give out the address for drive bys. Prospective renters will ask for the address to do a drive by and just look at the place. Don't waste your time with these folks. Insist on showing it in the next 30 minutes or you will not give out the address as a courtesy to the neighbors.

10. Neighborhood is stable or improving - obviously avoid neighborhoods that are declining, look at the writing on the walls and stay out. Although these may look good due to the low purchase price, they are very difficult to collect the rents.

By finding neighborhoods that are stable or improving, it will be easier to rent the property and you will be able to increase the rent. The general consensus is, the better the neighborhood the higher the purchase price and the higher the rent prices, therefore the margin for profit is greater. The poorer the neighborhood the lower the purchase price and lower the rent prices reducing the profit margins.

Do not be afraid to buy nicer places for rental properties. The people that can afford $1000.00 a month are more likely to be able to come up with the rent on time versus someone that can only afford $350.00 a month. One little upset in the latter case and you will not get your rent on time, if at all. There is far greater stability in renting high end places versus being a slumlord!

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starmangos · 4 years

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http://singnewhomes.com/provence-residences-ec/

Accessibility

PROVENCE Residence EC is only a few minutes' walk away from the upcoming Canberra MRT Station (Expected to launch by Dec 2019) and Sembawang MRT Station. The rest of Singapore is also accessible via major expressways and the future North-South Corridor (NSC) that will enable quick travelling into the city.

Location

PROVENCE Residence EC is located in close proximity to a plethora of amenities. It is right beside Canberra Plaza and a single MRT stop away from North Point City and Sun Plaza. It is also surrounded by numerous educational institutions.

(More in "Location" tab)

Quality

PROVENCE EC will be developed by MCC Land (Singapore) Limited, who ranks amongst the top real estate developers in Singapore. Their hefty portfolio boasts multiple properties that have won multiple awards in quality and sustainability.

#PROVENCE Residence EC

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starmangos · 4 years

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Property Managers: Handling An Out Of Town Rental

f you have a rental in another state, property managers can be an effective way to manage the home. Instead of taking on all of the responsibility, consider letting the professionals take over.

With the help of property managers, you can have a rental a considerable distance from your home and not worry about the day-to-day care and maintenance. You don’t want to constantly travel back and forth, worrying that something is going to happen while you are away. Putting the professionals in charge means that you can focus on other things knowing that your home is in good hands.

Managing the Money:

When you live an extended distance away from the rental, it is not always easy to swing by the house and pick up the rent check. What is the renter supposed to do with the money? You can wait and have a check mailed to you but what if something goes wrong and the check doesn’t clear. It isn’t easy to work out these types of things when you are so far away.

Property managers take on the responsibility of the rental payments. A tenant can send them a check, they can drop off a check or a professional can come out to the location to pick it up. If the payment is late, you are not the person fighting to get the money you are owed. In this situation, someone else is doing all of the stressful work for you.

Maintenance and Problems:

Homes always need a little TLC every once in a while. Property managers handle taking care of the home. They make sure that the building and yard are kept in proper order. Someone can drive by the home to make sure that the weeds are being tended to and the leaves are picked up in the fall. A manager can schedule a time to meet with a tenant, in the home, to ensure that everything is being well taken care of. This means you aren’t spending time worrying that your home will be in disarray when the rental agreement comes to a close.

You hope emergencies and problems don’t happen but you need to plan for the worse. The air conditioner might go out in the middle of the summer. One of the kitchen appliances may need to be repaired. In each of these situations, living far away can make it difficult to solve the issue in a timely manner. Local property managers can handle the problem the same day. They know whom to call to get things taken care of and ensure that things are repaired or replaced as soon as possible.

If you are considering investing in properties that are not near your current residence

, consider turning it over to the property managers to handle. You can relax knowing that someone with experience in the industry is keeping an

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starmangos · 4 years

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http://singnewhomes.com/parc-central-residences-ec-showflat/

Parc Central EC

Parc Central EC is located at Tampines Ave 10 , near international school and Tampines West MRT . Introducing Tampines EC, a luxurious brand new Executive Condo located at Tampines Avenue 10 and Tampines Street 86. Situated on Tampines Ave 10 is a new Tampines EC expecting to launch in April 2020 with an estimated 695 units right next to United World College of SEA.

Parc Central EC near international school and Tampines West MRT

Parc Central Residences EC , Is strategically placed along tampines ave 10. Close to to st. Hilda’s number one school , shopping department shops and tampines mrt station . This exe condo is nicely located and residents will get to experience the ease of staying in a regional centre which is self contained. .淡滨尼执行共管公寓 .

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starmangos · 4 years

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http://singnewhomes.com/provence-residences-ec/

Accessibility

Location

(More in “Location” tab)

Quality

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starmangos · 4 years

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Rental Property Secrets

As a rental property owner, I am always looking for ways to maximize the rental income and keep my units marketable without having to do any major renovations. I am always keeping my eye out for potential properties that I can buy, and easily rent out that will cover the mortgage and a little more.

That being said, one of the biggest mistakes that I see other landlords and rental property owners make is that they are reluctant to or just flat out won’t put any money into their properties because they don’t think they will see a return for that investment. When I tell some of my counterparts that I put new kitchens and bathrooms into all of my rental units they think I am nuts. To quote one of my friends who has some properties, “Why would you spend $4,000 on an apartment that is just going to get destroyed by the next people that rent it?”. To answer his question, I thought I would write this article.

First, let’s think about the mathematics behind it. Granted each market or city is going to have a different result, but for where I live in the Philadelphia area this holds true. By doing a little research and finding comparable apartments in your market, you can find out what the magic number is. What are the three features that are going to stick out about any apartment? The condition of the rugs, the bathrooms, and the kitchens. If any of these items look worn or beat up, it is going to be harder to rent and you won’t be able to get as much for it… that is just a fact of life. So let’s say you spend $3,000 to upgrade the kitchen and bathroom(s). Yes, it is possible to spend that little on upgrades and I will show you how later on. Assuming the rest of your unit/building is in good condition, that $3,000 investment can produce an extra $200 a month in rent for me per unit. At $200 a month, you made your investment back in just over a year and you are now making more money per unit. Think about it. If a prospective renter is looking at two apartments: one with a dated kitchen and one with a modern kitchen and bathroom, which one is he/she going to choose? Not only that, but a nicer apartment is going to command a higher rent which in turn brings in a higher income renter who is less likely to abuse and destroy the apartment.

For some of you, I am sure that $3,000 to renovate a kitchen and bathroom(s) probably made you chuckle. If you are still shopping at the big box stores for your supplies, then you have a reason to laugh. To update both the kitchen and the bathroom in an apartment using their cabinets could easily cost you double if not triple. After doing a lot of research, I found a source for cabinets that saves me at least 30-40% per apartment. I started buying my cabinets on-line. If you do a search for RTA Kitchen Cabinets, you will find my secret. Not only are they cheaper, but they are also made of stronger materials and easier to assemble and install. By buying cabinets on-line, direct from the importer/manufacturer you can get them much cheaper because they don’t have the high overhead cost of a retail store. I have been using them for years now in my apartments, and you wouldn’t be able to tell the difference if you put them side-by-side with store bought or store ordered cabinets. The biggest benefit is that you don’t have to wait 6-7 weeks for cabinets like you do if you go to Home Depot or Lowes. These are delivered straight to your office or property in around 2 weeks.

So the next time you are trying to figure out why you empty units, or the guy across the street is renting his units for hundreds more, take a look at your kitchens and bathrooms. I simple upgrade will not only get you a quick return on your investment, but it will also continue to generate more revenue for years to come.

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