First Time Owner

[rtmt 1]

hello all

i'm new to this forum due to the fact that i have all along been unwilling to settle for a house of our own until recently. the idea of being tied down with a 30 years loan just shrugs me off the plan.

we have been shopping around visiting showflats in the north east area and finally took the plunge to sign on the otp.

we have been to the design expo to talk about about the id package and was surprise that we can lock-in package now until we get our keys (3years later). we didn't take the package though it was attractive due to the fact that the quality of their showcase less than expected.

1 thing for sure is materials will rise for this 3 years. and with that in mind, we are wanting to meet with other ids/contractors to discuss our requirements for our new house to come. question is, is there really a lock-in practice in the market?

what is a realistic amount for a 2 bed condo renovation?

TIA

[yeezcon 0]

hello all

i'm new to this forum due to the fact that i have all along been unwilling to settle for a house of our own until recently. the idea of being tied down with a 30 years loan just shrugs me off the plan.

we have been shopping around visiting showflats in the north east area and finally took the plunge to sign on the otp.

we have been to the design expo to talk about about the id package and was surprise that we can lock-in package now until we get our keys (3years later). we didn't take the package though it was attractive due to the fact that the quality of their showcase less than expected.

1 thing for sure is materials will rise for this 3 years. and with that in mind, we are wanting to meet with other ids/contractors to discuss our requirements for our new house to come. question is, is there really a lock-in practice in the market?

what is a realistic amount for a 2 bed condo renovation?

TIA

Why do you need a lock-in package when you will only get your keys three years later? When you say lock-in, I'll assume you need to pay some deposit in order to secure the package till then. Yes, material fee will rise but what happens if they close down before your three years is up? It's too risky. After all, there are still many more IDs around. Just my personal opinion.