5 Must-Know Tips If You Are Past 40 And Buying A Property

Рет қаралды 56,349

Күн бұрын

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Perhaps you’re starting your homeownership journey late; or you’ve reached that stage in life where you’re ready to upgrade (or maybe even downgrade). Whatever the case, buying homes when you’re older takes a whole different approach. You’ll find that, compared to younger home buyers, you face tighter restrictions, and need different amenities. The following will help you make the right decisions:
1. Understand the relationship between loan tenures, and Loan To Value (LTV) ratios
2. Ask if your property really needs to be freehold at this point
3. Consider ageing-in-place, and how you may change your mind later
4. Be wary of multi-storey properties with stairs
5. Be conservative when estimating the space you need
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Chapters
0:00 - Intro
1:11 - Understand the relationship between loan tenures, and Loan To Value (LTV) ratios
3:28 - Ask if your property really needs to be freehold at this point
5:30 - Consider ageing-in-place, and how you may change your mind later
6:55 - Be wary of multi-storey properties with stairs
7:53 - Be conservative when estimating the space you need
10:17 - Outro
Credit to Fuse Concept for the featured image.
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Пікірлер: 101

@StackedHomes 2 жыл бұрын

Bought a property past your 40s? What are some tips you'd like to share with us? Store - stackedhomes.com/store/?.com&LwYmOX7o_fY Website - www.stackedhomes.com/?.com&LwYmOX7o_fY Instagram- instagram.com/stackedhomes Facebook - facebook.com/stackedhomes TikTok - www.tiktok.com/@stacked.homes

@kevinlim7974 2 жыл бұрын

My advice would be not to over-leverage or over-commit financially on the property; to have enough money set aside for retirement or any uncertainty (e.g. illness, retrenchment, etc).

@StackedHomes Жыл бұрын

Thank you for sharing your insights, Kevin!

@JT-rk4mo 2 жыл бұрын

You were spot on about stairs and people tend to leave it far too late to downsize. There is neither energy nor will to do it when the time arrives.

@StackedHomes 2 жыл бұрын

Right, it's important to have a space suitable for the elderly. ☺️

@Munchmores 20 күн бұрын

Thank you for sharing. I agree with the home with stairs part. My parents and neighbours in their 70s are complaining how it is pain to climb up and down.

@StackedHomes 19 күн бұрын

Thanks for sharing your thoughts! Accessibility is so important as we age. 😊

@CYHo-PG 2 жыл бұрын

Very good and practical advice, put across clearly. When we got our private apartment in our mid-40s, one bathroom was renovated to be commode accessible: wider doorway, flat flooring and lower sink.

@Clammer999 2 жыл бұрын

Thanks for this video! Its the first video I’ve seen that address this specific group of buyers and the tips and considerations are super practical and down-to-earth. 👍🏻👍🏻

@StackedHomes 2 жыл бұрын

We're glad it was helpful! Thanks for watching CK 😄

@hummit Жыл бұрын

I like the way the points are presented - realistic and pragmatic. Some folks don't consider the points you raised until they reached that age where they are faced with having to make a decision. Excellent video!

@StackedHomes Жыл бұрын

Thanks Edmund!

@wtan1851 2 жыл бұрын

Like your frank and useful discussion. On FH/99, for apartments, the building cannot last. Hence both will go for en-bloc, and the difference is whether the appreciation exceeds the initial 15% difference at the start, and (as you pointed out) the opportunity cost. Also, many FH units tend not to be near MRT stations. Great job!

@StackedHomes 2 жыл бұрын

Thank you very much for sharing your thoughts! 😁

@stevenheng3336 2 жыл бұрын

Thank you for sharing!

@StackedHomes 2 жыл бұрын

Our pleasure!

@surimahselamat206 2 жыл бұрын

Thank u for always giving good and well measured advices

@StackedHomes 2 жыл бұрын

Thank you! We hope you find it informative 😁

@ahpat2 2 жыл бұрын

Like the way Ryan speaks... very logical and sensible. Pleasant sounding.

@StackedHomes 2 жыл бұрын

Thank you for your kind words! 😄

@kevinlim7974 2 жыл бұрын

very good points that you brought up !

@StackedHomes 2 жыл бұрын

Thank you, Kevin 😄

@margiephoon6048 2 жыл бұрын

very sensible and practical tips!

@StackedHomes 2 жыл бұрын

Glad it was helpful!

@lamjos 2 жыл бұрын

i enjoy watching it thank you. very valuable and thoughtful opinions from the perspectives of a mid-aged man.

@StackedHomes 2 жыл бұрын

Thanks for your kind words! Glad it was helpful 🙌

@beeong3350 11 ай бұрын

Very wise, realistic advice. 100% agree. Am in my early 70s. Very content in my current home. Could live here quite comfortably and happily till the end. Thankful i took into consideration 10 years ago, the same factors mentioned in video. 👍

@StackedHomes 11 ай бұрын

Thanks for sharing!

@ocswoodlands 2 жыл бұрын

Nice, sensible things to look out for 👍

@StackedHomes 2 жыл бұрын

Thanks for watching!

@joshuatan4557 2 жыл бұрын

Hi sorry in advance if you have covered this, but can you talk more about singles buying a resale flat. Things to consider like planning to get married in the future and also do singles lose the 1st timer status when they purchase a resale flat? Current market should buy or not, or just wait since not urgent.

@hilmir 2 жыл бұрын

yes!

@unclebengmookataloklok5284 2 жыл бұрын

@@hilmir which link is that?

@hilmir 2 жыл бұрын

@@unclebengmookataloklok5284???

@jerryloh1026 Жыл бұрын

Hi Joshua, so long if you have not purchase a flat from HDB or took grant to buy a resale flat. You will be considered a first timer when buying HDB flat.

@liamporter1137 Жыл бұрын

Thanks for sharing.

@ksleejerry 2 жыл бұрын

Excellent points, thank you,

@StackedHomes 2 жыл бұрын

Thanks, Jerry!! 😊

@angelateo528 7 ай бұрын

Excellent sharing, practical tips and great reminder not to overestimate oneself. Thanks :)

@StackedHomes 7 ай бұрын

Glad it was helpful!

@elevenshen5642 5 ай бұрын

Thanks for the advices.

@StackedHomes 4 ай бұрын

Glad to be of help 🤗

@sgoadmin7294 2 жыл бұрын

good & sensible advice! 👍

@StackedHomes 2 жыл бұрын

Glad you think so!

@runekid9271 2 жыл бұрын

hello ryan! can you create a video guide for people who wants to learn more about real estate such as the terminologies etc etc ? i discovered your channel and im elated to see your videos helping people who are interested in real estate! keep it up!

@StackedHomes 2 жыл бұрын

Great suggestion! Will take note of this!

@hhspore 2 жыл бұрын

a lot of sensible comments that are so relevant.

@StackedHomes 2 жыл бұрын

Thanks !

@dawnneee 2 жыл бұрын

i think landed house with stairs without lift is still ok. Can install stair lifts. there are many different types available. Im sure something will fit. Since it's mainly the elderly that are not mobile, installing stair lift from just first floor to second floor is ok. Many landed houses in UK, US, Australia do not come with lifts and many old folks just install stair lifts.

@StackedHomes 2 жыл бұрын

Thanks for pointing that out! Seems to be a much cheaper option. But this would depend on the layout of the home as well!

@commieskungflu1635 2 жыл бұрын

@@StackedHomes Stairs lift is more straightforward. It’s easy to install on any stairs. Not like an elevator in the house.

@tengenemenmewegmele1222 2 жыл бұрын

Ang lupet ng channel nyo. Ang dami ko natutunan.

@StackedHomes 2 жыл бұрын

Thank you. We hope you find it informative 😁

@chaangru 2 жыл бұрын

I’m really curious if the top Ryan is wearing is the same top from his last 10 videos?

@aissws 2 жыл бұрын

Or maybe they shoot all their last 10 videos in one day 🤷🏾‍♂️

@stutututu5740 2 жыл бұрын

You watch these videos to check out his wardrobe ah?

@StackedHomes 2 жыл бұрын

@@aissws 😂😂😂

@andygregory2145 2 жыл бұрын

Being thrifty goes a long way to owning more property =)

@hulkrise8106 2 жыл бұрын

If yes, what is your problem. Do you only wear your clothes once?

@michellezhu5230 2 жыл бұрын

Thank you

@StackedHomes 2 жыл бұрын

You're welcome, Michelle! We hope you find it informative 😉

@michellezhu5230 2 жыл бұрын

@@StackedHomes , thank you. I have always enjoyed your you tubes. Very information and genuine.

@wumingkkk 2 жыл бұрын

Housekeeping is a pain for a bigger house.

@StackedHomes 2 жыл бұрын

Thanks for sharing!

@yuntingtan5855 2 жыл бұрын

I wonder where’s Reuben? I miss their duo videos and his home tour videos - and his documentary voice!

@StackedHomes 2 жыл бұрын

Thanks! Reuben came back with our latest Insider Tour video!

@tanpingyi4771 2 жыл бұрын

of course they would tell you that.. else how are they going to sell new launches which are practically almost all leasehold?

@StackedHomes 2 жыл бұрын

We can understand the cynicism but there are also leasehold resale too, it's not discriminatory 👌

@clt2744 Жыл бұрын

Both my husband and I r past 45; there is NO WAY we will live in a house with stairs. During the Covid lockdown, we bought a single-storey house in California with the intention of retiring there; however our plans subsequently changed n we sold the house when California home prices went thru the roof. Becos it was a single storey home, we were able to get top dollar for it. Single storey homes in the US command a premium price simply becos people recognise their accessibility to wheelchair users and older, less mobile residents.

@StackedHomes Жыл бұрын

Thanks for sharing your thoughts on this!

@MrNSFC 2 жыл бұрын

May I know if lease buy back includes EA /EM units too?

@StackedHomes 2 жыл бұрын

According to HDB, it applies to all flat types excluding short-lease flats, HUDC, and Executive Condominium units

@doreentan8438 2 жыл бұрын

Hi, like to seek your advice. Me and my boyfriend are in our fifties. He co-owns a 52 years old HDB 3 room flat with his mum. I am staying with him now as I do not own any property. I am thinking of getting a Flexi 2 room HDB flat, would you advise me to get a new flat or continue in this flat and eventually just ROM and add my name to the current flat. Which is a better retirement plan? Thank you.

@sixers1984 2 жыл бұрын

Just continue in his flat for free and let the money in your cpf compound.

@doreentan8438 2 жыл бұрын

Thanks for the advice. 😊🙏

@yxinz 2 жыл бұрын

Maybe 2room 99years BTO? You can rent out after 5years? Could be good rental retirement income and you can stay with your bf. And if any case you guys unfortunately split, you also have a home to go back to.

@doreentan8438 2 жыл бұрын

@@yxinz how about I apply 2 room flexi short lease, we can both stay there after my BF' mum pass on. His 3 room Flat can rent out and we split the rental... 😅

@jasminesho1729 2 жыл бұрын

No need to ROM. You apply 2 room flexi on your own and rent out. Continue to stay with bf. Once ROM, you cannot keep both HDB or you keep but cannot rent out.

@arthurclover5990 2 жыл бұрын

i thought it Dan Loc sound like it hihihi

@MD196x Жыл бұрын

Can you kindly update the map of all EA price range in Singapore? U had done one before in a write up on 6 March 2021. I can’t attach the map here. Thanks so much 🙏

@StackedHomes Жыл бұрын

We'll look into that!

@MD196x Жыл бұрын

@@StackedHomes thank you very much 🙏

@sixers1984 2 жыл бұрын

If 48 years old want upgrade to condo must be rich la. If no rich at tat age still wanna upgrade then is just stupid lo

@StackedHomes 2 жыл бұрын

😂

@sherryoak1993 2 жыл бұрын

Make sure your landed has a granny room, as you will likely be the granny 👵🏻 in time to come inhabiting that room 😜

@StackedHomes 2 жыл бұрын

😂

@rc.... 10 ай бұрын

You are very optimistic about children in 30s having their own homes 😂

@InfernoXV 2 жыл бұрын

‘maisonette’ is pronounced MAY-suh-net, not MAI-son-net.

@StackedHomes 2 жыл бұрын

Thanks for the feedback!

@dyahnaia233 Жыл бұрын

「動画の音が良くない」、

@xa2827 2 жыл бұрын

This guy really trying to make people feel bad buying home after 40. Whyyy!? 🤦🏻‍♂️😂

@robocop581 2 жыл бұрын

I bought my first property at 47. It's actually better because I have a ton of cash from investments and savings and my kids are mostly grown up. No stress at all paying the mortgage

@xa2827 2 жыл бұрын

@@robocop581 That's inspiring 😄buddy! 👍🏼

@serhsp01 2 жыл бұрын

I m at that same situation so may i know with that tenure of less than 20yrs, what is yr monthly mortgage based on and what is the cost of yr property?

@MED-fe1qt 5 ай бұрын

Why is this unusual? Typically most professionals who are not bankers would have their greatest earning power in their 40s. Yet most advice given to Singaporeans is based on a 35-year mortgage. Poor Singaporeans. Stressing about schools since the day they’re born. Stressing about housing from the time they can work. Please reevaluate your lives, Singaporeans.

@firdausbj1 Жыл бұрын

I hate it when he start talking about million dollar properties. As if majority of Singaporeans are millionaires. I get put off and stop watching

@clt2744 Жыл бұрын

Huh? He's just being realistic....most private properties n many good HDB flats in Spore already cost way more than a million dollars. Maybe you aren't his target audience