Hire a Designer
× Welcome back to the homeowners' community Log In with Facebook Log In with Google or
Remember Me Forgot Password?
If you are a provider click here to login Don't have a RenoTalk Account?
× Welcome back to the homeowners' community Sign Up with Facebook Sign Up with Google or Sign Up with Email By Signing Up, you agree to our Terms of Use & Privacy Policy Already have a RenoTalk Account?
Renovation Details

Property Type

HDB

Condo

Landed

Commercial

Property Status

Area Size

Floor Plan (optional)

Renovation Details

Renovation Budget

Key Collection Period

Loan Required

I'm interested in free 12 month home insurance!

We provided protection for you and your family losses caused by any of the insured perils

Consent to contact
I confirm that the information I have provided is my personal data.
By providing this information, I understand that AXA Insurance Pte Ltd (collectively “AXA”) and their respective representatives or agents may collect, use, and/or disclose the information I have provided for the purpose of contacting me about products and services offered by AXA, and I give my consent for AXA and their respective representatives and agents to contact me for this purpose by Telephone, Text Message & Email.

*Terms and Conditions
This offer of the complimentary 1st Year free coverage for Smart Home Essential with basic Sum Assured of $50,000 on Fixttures, Fittings & Renovation, $250,000 Worldwide Personal Liability coverage is exclusively for RenoTalk visitors. Each participant is entitied to one time redemption only and the offer are not exchanged for cash. In consideration of Desmond Kwa Organisation’s collaborations with different corporations, each participant;s member is only entitled to one time. If you have previously enjoy a promotion from Desmond Kwa Organisation you will not be eligible for this offer.

*The offers are only valid for insurance plans purchased from AXA Financial Planners appointed by Frankie Tong Unit of Desmond Kwa Organisation, an agency unit representing AXA Insurance Private Limited. Frankie Tong Unit of Desmond Kwa Organisation reserves the right to change the terms and conditions without prior notice.

Disclaimers:
1. This form is not a contract of insurance. The precise terms and conditions of the plan are specified in the policy contract.
2. Buying a life insurance policy can be a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.
3. The above is for your information only and does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You may wish to seek advice from an AXA Financial Planner before making a commitment to purchase the product. In the event that you choose not to seek advice from an AXA Financial Planner, you should consider whether the product in question is suitable for you.
4. A product summary is available and may be obtained from AXA Insurance Private Limited and the participating distributors' offices. You should read the product summary before deciding whether to purchase the policy.
5. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs.
6.Investments in investment-linked policies (“ILP”) are subjected to investment risks including the possible loss of the principal amount invested. The value of units in the ILP sub-fund and the income accruing to the units, if any, may fall or rise. You should read the product summary and the product highlights sheet (“PHS”) before deciding whether to subscribe for units in the ILP sub-fund. The product summary and the PHS may be obtained from a Financial Planner representing AXA Life Insurance Singapore Private Limited.
7. The insurance policy featured in this form is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you should you buy the policy. For more information on the types of benefi­ts that are covered under the Policy Owners' Protection Scheme as well as the limits of coverage, where applicable, please visit the AXA website at www.axa.com.sg or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg) for a copy of the SDIC Guide on PPF Scheme (Life Insurance).

Contact Information

Name

Contact Number

E-mail

Our team will contact you shortly after you submit this request. Do ensure that your contact details above are correct.

By submitting, you are accepting our Terms of Service and Privacy Policy

What's in it for me? 5 Quotations (up to) from reputable interior designers FREE Curated Renovation Packages 24 Hour quick turnaround Join the growing 46,923satisfied homeowners
Your Renovation Budget? Homeowners with similar property type spend $35,000 SGD on average
"I Saved Up to 50%" Ashok Kumar, Homeowner "I was so stressed while looking for a good interior design company, so I'm really grateful to have stumbled upon Renotalk as they streamlined this tedious process by half! The condominium packages were a bargain, and I can safely say I've saved up to 50% from them."
Send me goodies, exclusive deals, and Inspiration for my home! We pinky promise not to spam your mailbox! Sign me up
"I Saved Up to 30%" Muhammad Fahmi, Homeowner "I used RenoTalk's method of getting quotes and received many attractive packages without hassling & bargaining! I even gained an extra 30% value and better service from the Renovators!"
×
Maintenance Details

Property Status

What service do you need?

Network Services
Mover
Storage
Aircon Services
Electrician
Home Automation
Caterer
Carpentry
Flowers Delivery
Painter
Laundry System
Landscaping

Contact Information

Name

Contact Number

E-mail

Our team will contact you shortly after you submit this request. Do ensure that your contact details above are correct.

By submitting, you are accepting our Terms of Service and Privacy Policy

What's in it for me? 5 Quotations (up to) from reputable interior designers FREE Curated Renovation Packages 24 Hour quick turnaround Join the growing 46,923satisfied homeowners
Send me goodies, exclusive deals, and Inspiration for my home! We pinky promise not to spam your mailbox! Sign me up
"I Saved Up to 30%" Muhammad Fahmi, Homeowner "I used RenoTalk's method of getting quotes and received many attractive packages without hassling & bargaining! I even gained an extra 30% value and better service from the Renovators!"
×

Innovative Ways To Make Profits Out Of Your Home in Singapore

Living & Lifestyle

3605 views

3605 views

Yes, it's the same old chestnut about the rising cost of living in Singapore yet again! It's not exactly news any more, but it remains just as true as it has ever been. Food prices, property taxes, price of COEs, ERP rates – you name it.

 

 

image for Innovative Ways To Make Profits Out Of Your Home in Singapore

Still a beautiful country, nonetheless

 

As practical Singaporeans, we'd naturally find ways of generating additional income to match our growing expenses. And it’s only logical that we make our one significant asset – our homes – double as an income stream.

 

But how? No, we're not talking about the Lease Buyback Scheme either; that's not for millennials like you and me, and even some of our parents have yet to qualify for that one. To get you started, here are a few ideas on how you can turn your home into a money-making machine.

 

 

 

Rent Out Your Rooms

 

image for Innovative Ways To Make Profits Out Of Your Home in Singapore

 

Ah, the old standby. Singaporeans have been renting out parts or even the whole of their property for additional income ever since the HDB started building them, and it's still the most straightforward way to profit from your home even today.

 

Of course, the rules and regulations have only gotten stricter over the years, so you'll have to keep yourself up-to-date on them. You can do so at the HDB website here. The gist of it is that your flat has to be 3-room or bigger, and you have to register with HDB within seven days from the start of the renting period.

 

 

But, Hold Your Horses!

 

image for Innovative Ways To Make Profits Out Of Your Home in Singapore

Of course, it's not as simple as handing some random fellow the spare keys to your property, and waiting to get your hands on that sweet, sweet rent. 

 

First things first, there's a lot of consideration and preparation that goes into making your home rent-worthy; how much are you willing to furnish your home? Who's responsible for wear and tear, and how will you determine that? How are you going to find potential tenants in the first place, or are you going to pay a property agent to do that for you?

 

And don't forget to check the backgrounds of your candidates too. If not, you might end up with an unsavoury type on your hands, or even appear on the news for unwittingly harbouring an overstayer or illegal immigrant. And that would be an embarrassing talking subject amongst your relatives, wouldn’t it?

 

 

An Even More Temporary Solution

 

You can even participate in AirBnb, and rent your room out on a short-term basis to tourists from overseas looking for an authentic Singaporean experience! Since it's only for a matter of days or weeks, this would be a relatively fuss-free way of profiting from subletting a part of your home. It's only legal for private property though, so I'm afraid the typical HDB flat owner is plain out of luck here.

 

Food is not the only way to have a true Singaporean experience 

 

 

 

Whole New Meaning To 'Working From Home'

 

If you don't really care to have strangers intruding upon your living space, there's still the option of making your home double as a premise for your own business! Offering in-demand services from the comfort of your own home is yet another time-honoured tradition for earning extra income in Singapore, as many of us who have had private tutors and music teachers in our childhood can attest to.

 

Naturally, those pesky rules and regulations could trip you up again, so pay attention before you make the leap into your brand of entrepreneurship! Take a look at some of HDB's guidelines for the Home Based Small Scale Business Scheme here.

 

 

Private Tuition and Music Lessons

 

image for Innovative Ways To Make Profits Out Of Your Home in Singapore

 

Now that we've gotten that out of the way, what are some ways we can use our homes to make some extra money? As mentioned earlier, giving private tuition or music lessons is always a solid idea, since the demand for them will never fall thanks to kiasu Singaporean parents. These days, you could even offer your tuition services entirely online; an option only available because everyone is connected to the Internet these days. You'll need to be good at social media marketing if you want to get anywhere with that, though.

 

 

Freelancing Online

 

image for Innovative Ways To Make Profits Out Of Your Home in Singapore

 All you need is a laptop. And maybe some caffeine

 

Speaking of the Internet, these days it has certainly opened up other opportunities for working from home that weren't available before. With websites and applications catered to freelancers such as Fiverr and Odesk, you could consider offering your services as an online marketer or graphic designer, or just about any other work that can be undertaken with an Internet connection. Even if it's as simple as having a way with words, you could even freelance as a copywriter for hire!

 

 

 

Made From Home

 

Another possible way to profit from your home is to outright make it your home base for your budding retail business. If you're fond of using your hands, and the homemade handicrafts lying around your house is testament to that, Etsy is where you're sure to find a market for your creations.

 

 

Blogshop Bandwagon

image for Innovative Ways To Make Profits Out Of Your Home in Singapore

 

Bring the convenience to people

 

The blogshop craze that swept Singapore some years ago may be a distant memory, but make no mistake; they remain a very viable choice of online entrepreneurship. Successful blogshops like Love, Bonito and Dressabelle prove this concept can be highly profitable with the proper management and a little luck. It's just as much work as running a real business, so I hope you're mentally prepared for that.

 

 

Sell Pre-loved Items

 

image for Innovative Ways To Make Profits Out Of Your Home in Singapore

Your trash can be someone else's treasure!

 

Perhaps you're not really planning to run a business, and simply want to know if you can turn your unwanted, second-hand stuff into cold, hard cash? You certainly can! Everyone knows you can hawk your stuff on eBay, and it remains the portal of choice if you want to target what you're selling to an international audience.

 

For items that you think may appeal to the millennials, consider the ‘eBay for Smartphones’, Carousell! Its top-notch application interface and sheer accessibility on mobile device is sure to make reaching your target demographic of young people a breeze.

 

 

Our Very Own Renotalk Portal

 

image for Innovative Ways To Make Profits Out Of Your Home in Singapore

 

Literally a click away!

 

Or, if there's some well-loved but still serviceable furniture that you think could find a new home, don't fret about where you can get the best deal for them. Make a listing on our portal at Renotalk today, and get a great offer from one of our interested buyers in no time at all!

Request for quotes and we'll match you with a selection of Interior Designers!

Previous

Renovation Story: 24k Gold-powdered Platform in an Executive Maisonette

Next

Renovation Story: An Industrial-themed Transformation

Interested in Renovating your home, offices & retail shops?

Request for quotations here

Name

Contact Number

E-mail

Renovation Type

By submiting your request, you are accepting to our Terms of use and our Privacy Policy

...

You may also be interested in

2017 New Year's Resolutions For The Home You Must Follow
Get a Designer Home on a $29,900 Renovation Budget
A Scandinavian HDB Interior You Won't Want To Miss!
This Smart Home EC Is The Next Big Thing For Singaporeans
Eclectic Haven - Singapore Homes Design Inspiration
×

Sending Enquiry

Name Email Contact Number What is your preferred time

Anytime

Between
8am - 12pm

Between
12pm - 6pm

Between
6pm - 12am

Enquiry Sending Enquiry to