The Pros And Cons When Residing in Singapore Condos3319643
Relocating to a condominium is really a dream become a reality for many young professionals and families today. What many don't realize is that condo living differs in many aspects. Those familiar with living in single unit houses will certainly go through a phase of adjustment after transferring to their new homes. For buyers of Singapore condos, financial changes could be the most evident.
Families and individuals who consider moving to a condo will enjoy the amenities such as swimming pool, gym, basketball court, or tennis court. Accessibility-wise, most Singapore condos have reached locations near supermarkets, offices, schools, and hospitals.
Condos remain more affordable than townhouses or single unit homes and they make a great investment. Some house buyers today purchase The Linq At Beauty World Showflat and lease these to BPO employees. While many decide to buy, there's still a big part who would rather rent.
Adjustment phase: Prepare to cover condominium and association fees
Many condos require payment of association fees, that go over repair and maintenance of common aspects of the building. Homeowners are only responsible for repairs and maintenance in their own units. In Singapore condos, most condominium associations put aside a fund for future expenses. General and exterior repairs will be the obligation with the condo association. The association dues collected from condo unit owners are used to maintain the facilities and amenities made available from the real estate. These fees vary, but are almost always much less cheap as homeowners would like them being. For a growing family or perhaps for single tenants, the apartment fees definitely require a toll on their budget.
Leave behind total silence and privacy
Singapore condo unit owners are partners along with the rest of the home people who just love the complex. Generally there will be a lot more than four condo units in every floor, based on the area of the complex. Literally, units are separated by walls. Lucky for many who live next to people who like serenity and peace, but living close to a family particularly with children or next to a couple who perpetually argues may be bothersome.
Owners only have rights for the interior walls of these units. The rest of the structure with the building and also the land is given to other condominium unit owners. Also, unlike townhouses that have verandas, garages, or garden, condo living is restricted to the four spaces of a unit. Families with children will discover that it is a challenge to maintain their young confined in their Singapore condos. That's where the club amenities seem useful. There are lots of Singapore condos that provide excellent amenities besides beautiful units. When choosing condos, look at the amenities provided to compensate for the lack of personal space.
When it's time a condo unit owner decides to market his unit, it could take longer than expected to resell it. Today, it is easier to buy a property rather than resell it. Singapore condos relatively have higher rate due to the location; even the resale value remains competitive years after the purchase.
For first time home owners, condo living still remains a better choice and many are willing to overlook the cons.
