The Pros And Cons When Surviving in Singapore Condos8172800
Moving in to a condominium is really a dream become a reality for many young professionals and families today. What many do not realize is that condo living is different in many aspects. Those used to living in single unit houses will surely go through a phase of adjustment after moving in to their new homes. For buyers of Singapore condos, financial changes would be the most evident.
Families and individuals who consider transferring to a condo will love the amenities such as swimming pool, gym, basketball court, or tennis court. Accessibility-wise, most Singapore condos are situated in locations near supermarkets, offices, schools, and hospitals.
Condos are still more affordable than townhouses or single unit homes plus they make a great investment. Some house buyers today purchase The Linq At Beauty World Showflat and lease these phones BPO employees. Even though many decide to buy, there is still many who would rather rent.
Adjustment phase: Prepare to fund condominium and association fees
Many condos require monthly payment of association fees, which cover repair and maintenance of common areas of the building. Homeowners are only accountable for repairs and maintenance in their own units. In Singapore condos, most condominium associations set aside a fund for future expenses. General and exterior repairs will be the obligation from the condo association. The association dues collected from condo unit owners are used to maintain the facilities and amenities offered by the real estate. These fees vary, but are almost always not as cheap as home owners would like them being. For a growing family or even for single tenants, the condo fees definitely take a toll on their own budget.
Leave behind total silence and privacy
Singapore condo unit owners are partners with the rest of the home people who just love the complex. Typically there will be a lot more than four condo units in every floor, depending on the area of the complex. Literally, units are separated by walls. Lucky for those who live close to people who like serenity and peace, but living close to a family particularly with children or next to a couple who perpetually argues can be bothersome.
Owners have only rights towards the interior walls of these units. The rest of the structure with the building as well as the land is given to other condominium unit owners. Also, unlike townhouses which may have verandas, garages, or garden, condo living is limited to the four spaces of a unit. Families with children will see that it is a challenge to maintain their young confined inside their Singapore condos. This is where the club amenities seem useful. There are lots of Singapore condos that offer excellent amenities besides beautiful units. When purchasing condos, think about the amenities provided to compensate for the possible lack of personal space.
When it's time a condo unit owner decides to offer his unit, it might take longer than likely to resell it. Today, it is easier to purchase a property rather than resell it. Singapore condos relatively have higher market price due to the location; the resale value remains competitive years following your purchase.
For brand spanking new home owners, condo living still remains a better option and many are able to overlook the cons.
