The Ultimate Timeline for Selling Your Home and Renovating Your New Home
Selling your old home while preparing to move into a newly purchased HDB flat can be a stressful process. To avoid unnecessary delays, miscalculations, and unexpected homelessness, follow this structured timeline to ensure a smooth transition.
1. Do Not Sell Your Old House Without a Confirmed Key Collection Date
Many homeowners make the mistake of relying on HDB's estimated key collection date. However, this estimate is often inaccurate and subject to changes. Instead, wait for HDB to send you a confirmed key collection date, which is usually communicated about two weeks in advance.
2. Avoid Relying on HDB’s Estimated Key Collection Date
Predicting when you’ll receive your new keys based on HDB’s estimate can put you at risk of selling your home too early. If the actual key collection date is delayed, you may find yourself without a place to stay.
3. Start Marketing Your Old Home After Receiving the Confirmed Key Collection Date
Once you receive the official key collection date:
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Begin marketing your old house. This process typically takes 2-3 weeks.
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By the time you secure a buyer and complete the transaction, it will take approximately three months for the sale to finalize.
4. Delay Key Collection at HDB If Necessary
If your timeline doesn’t align perfectly, visit HDB and request to delay key collection. This will give you additional time to plan renovations and move at your own pace.
5. Ensure a Full 3-Month Extension in Your OTP Agreement
When selling your home, negotiate a full 3-month extension with the buyer and include this in the Option to Purchase (OTP) agreement. This legal extension allows you to continue staying in your property for an additional three months after the sale is completed.
6. Do Not Collect Your Keys Within the First 3 Months
Many homeowners rush to collect their keys, thinking they can begin renovations early. However, if you collect your keys too soon without having a proper timeline, you might face logistical challenges. Waiting ensures that:
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Your renovation schedule aligns with your move-out timeline.
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You don’t pay unnecessary costs for temporary accommodations.
7. 3-Month Extension is Just Right for Renovation
A well-planned renovation typically takes about three months, covering:
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Design finalization
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Renovation works
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Quality inspections
By the time renovations are completed, you can smoothly transition from your old home to your newly renovated one.
Final Thoughts
Proper planning and coordination are key to a hassle-free transition when selling your old home and renovating your new HDB flat. Follow this timeline to prevent unnecessary stress, avoid unexpected housing gaps, and ensure a well-planned renovation process.
If you need professional renovation guidance, feel free to reach out to us!
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