{"id":3855,"date":"2015-12-20T06:32:36","date_gmt":"2015-12-19T22:32:36","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=3855"},"modified":"2022-07-01T03:39:40","modified_gmt":"2022-06-30T19:39:40","slug":"thinking-of-buying-and-renting-out-a-second-property-youd-better-be-prepared-to-do-these-things","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/thinking-of-buying-and-renting-out-a-second-property-youd-better-be-prepared-to-do-these-things\/","title":{"rendered":"Thinking of Buying and Renting Out a Second Property? You\u2019d Better be Prepared to Do These Things"},"content":{"rendered":"
<\/div>

\"second<\/a><\/p>\n

Screw the white picket fence and the golden retriever. The Singaporean dream features a walk-in wardrobe and a second investment property to rent out.<\/p>\n

That investment property is going to be your key to a life as a lady\/lad of leisure, and you\u2019ll spend your days sipping champagne on Orchard Road without a care in the world. Because renting out a property basically means getting free money, right?<\/p>\n

Unfortunately, it\u2019s not that easy. There is quite a bit of effort involved in becoming a landlord, which isn\u2019t quite the same as stretching out your hand to pluck money from the good old tree of wealth. Here\u2019s what you need to know.<\/p>\n

The property price isn\u2019t the only cost you\u2019ll have to pay<\/h3>\n

Just because you\u2019ve saved up enough money for a downpayment doesn\u2019t mean you can afford a second property. Buying a residential property for investment in Singapore is even more expensive than buying your first home, if you can believe that could even be possible.<\/p>\n

First of all, you can\u2019t buy HDB property as an investment, so you\u2019ll have to fork out the sum for a condo or house.<\/p>\n

Here are some other costs you\u2019ll have to shoulder.<\/p>\n