Resale value is one of those things home buyers don’t always consider before purchasing property. Some would think it’s unimportant, especially if they don’t plan to sell their home anytime soon. They think that the most crucial thing to consider is money.

Choosing the best private money lenders to get cash for the downpayment is important, but so is keeping in mind the resale value, even if you do not plan to sell your home. Here are the reasons: 

1 – You can get better terms for housing loans

Resale value is actually one of those things banks and lenders look at when you apply for a home loan. They favour homes with higher resale values because, in the event you default, the bank or lender needs to be able to sell the foreclosed home to another buyer. Anything with a mediocre resale value is less likely to be sold sooner.

If you’re planning to get a home loan, consider the resale value of the property you want to purchase. Make sure it’s reasonable and that your loan provider will give you favourable terms for it.

2 – Your home can be your greatest asset

A home can become a huge asset if you play your cards right. You can sell your home for a higher price several years after you have occupied it. And since Singapore does not charge capital gains tax, you get 100% of the additional value from appreciation.

Even if you don’t plan on selling your home any time soon or in the future, it still pays to consider its resale value. You never know, a sudden change in your life circumstances may compel you to sell your home. If its resale value is high enough, you will have less trouble finding a suitable buyer. Especially with the instability of the modern economy, it’s best to be prepared in case your home has to go.

3 – Many people are looking for resale flats

Construction of BTO flats has slowed since the circuit breaker measures implemented during the COVID-19 pandemic. With that, more Singapore residents are looking for resale flats to call home. If your property is in the resale flat market, and it has a high resale value, more people will want to buy it. 

Resale flats may be more expensive, but for many people, paying more is better than waiting several years for a BTO. Also, resale flats are ready to be occupied, so buyers can easily inspect the property before making a purchase decision. 

4 – It makes moving easier

If moving locations is part of your long-term plans, carefully consider the resale value of the property you will buy. When the time comes to move, you can more easily sell your home. The higher the resale value, the better. That means you can also get more money out of the sale of your home. In turn, you will have more cash to cover the costs of moving to a new place.

Ways to improve your home’s resale value

The resale value of your home when you bought it is not fixed. What you do with your home can either increase or decrease its resale value. To make this number higher, here are some things you can do while you live in it:

  • Maintain your air conditioning system. Have it cleaned and serviced at least once every year.
  • Repair any cracks, holes, or structural damage right away. Avoid letting the damage grow bigger, which can compromise the quality of the entire home.
  • Decorate the interior.
  • Install energy-efficient appliances.
  • Keep the home clean inside and out.
  • Modernise the design and fixtures of your kitchen.
  • Renovate the bathroom and fix any leaks in the plumbing.

By the time you’re ready to sell your home, it will be much more valuable than when you bought it.


Your home’s resale value is an important figure to look at when buying a home. If you’re looking to purchase a property, find one with a good resale value, even if you might not want to sell the home. The possibility is always there. Also, you will get more favourable home loan terms when the resale value is high.