chalknduster

I stayed in an old 3rm flat at Bukit Merah area. I intend to raise my shower room floor by 40cm / 16 inches. Possible? Since my unit doesnt come with a storeroom, I would like to build one at the kitchen since I dun cook often. Possible?

I'm thinking of installing an electric meter in the rooms tat I'm gonna rent out. How do I go about it? What is the rate to charge them by the meter?

I have just cashed out an old property and plus some of my savings, I have 550k cash. This is my plan for utilizing the 500k: 1. Buy a condo of 800k, pay 250k cash and the rest housing loan (no existing housing loan at the moment). 2. Buy another property - commercial with 800k worth. Pay 250k cash and the rest bank loan. I wonder how possible is it? Is this the best way to fully utilized the 500k in properties? Since I have a bank loan for cashing out an old property, will I still be able to get a bank loan for a commercial property? What is the minimum rental yield for a 800k condo and a commercial property (either a shop or office)? Currently I am servicing 2K monthly for the cash out property for 20 years (I'm 45 this year).

I will be renting out my common room and utilities room to my friend n her family (she n her hubby + 2 teenagers + a toddler) in July. $1,400 for two rooms, include utlities bills and fully furnished. Is this amount reasonable? They will be renting for 4 years till their BTO is ready in 2017. So during these 4 years, how often and how much can I ask for increasement? (this is my first time renting out) This is a 3room flat (40 years old flat) and is at prime area - Bukit Merah View. 1 bus stop away from Tiong Bahru Plaza/MRT or 7 mins walk only from my house. 8 mins to Redhill bus interchange. I will be doing the reno for my whole house soon, so they will be staying in a brand new furnishing.