From terrace houses to good class bungalows (GCBs), landed property are coveted for many reasons, including steadier capital appreciation, more space (including outdoor space) and better privacy. However, while the upsides can convince you to pay the extra million or two, landed properties also come with added responsibilities that weren’t required when you were living in a condo. These responsibilities may also cost you hundreds to thousands of dollars as well, so it is prudent to make sure you budget accordingly when buying your landed property.
So what is it that you’ll have to pay for? We explore a few of the new costs below.