Perfect Timing

Earlier today, I was reading through the newspaper's classified section on houses for sale and to my disbelief, the value of our home which was purchased just almost 2 years ago had gone up by 40% from the value that it was purchased for at the time. What came immediately into my mind was "Wow! How is it even possible for an average person (who's in the middle income group)  to be able to own some kind of property  today?" Everyone obviously knows that the value of landed property appreciates through time, but this is really quite ridiculous. I mean its wonderful news for home owners but really scary for one who hasn't as yet invested in one.

We were very fortunate as the amount in which our home was purchased for was below the market rate. As you can see in the pics below, the place isn't brand new. In fact the house was about a decade old, and needed some minor renovations and fixing up. But as a whole, the timing couldn't be more perfect (property market kept going upwards from then) and it was indeed a very good buy.

Upper Living Area

Lower Living Area

Foyer

Dry Kitchen

Stairs

Master Bathroom

Corridor To Wet Kitchen

Bathroom 1

Wet Kitchen