The Pros And Cons When Residing in Singapore Condos3289885

Moving in to a condominium is a dream come true for many young professionals and families today. What many don't understand is that condo living is different in many aspects. Those familiar with living in single unit houses will surely go through a phase of adjustment after transferring to their new homes. For buyers of Singapore condos, financial changes would be the most evident.

Families and people who consider moving to a condo will like the amenities including 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 and so they make a great investment. Some home buyers today purchase The Linq @ Beauty World and lease these to BPO employees. While many decide to buy, there is certainly still a majority who would rather rent.

Adjustment phase: Prepare to cover condominium and association fees

Many condos require payment of association fees, which cover repair and maintenance of common regions of the building. Homeowners are only responsible for repairs and maintenance inside their own units. In Singapore condos, most condominium associations set aside a fund for future expenses. General and exterior repairs are the obligation of the condo association. The association dues collected from condo unit owners are employed to maintain the facilities and amenities made available from the real estate. These fees vary, but are almost always much less cheap as home owners would like them to be. For a growing family or perhaps for single tenants, the apartment fees definitely require a toll on their own budget.

Bid farewell to total silence and privacy

Singapore condo unit owners are partners with the remainder of the home people who just love the complex. Typically there will be more than four condo units in every floor, based on the area of the complex. Literally, units are separated by walls. Lucky for those who live alongside people who like serenity and peace, but living next to a family especially with children or alongside a couple who perpetually argues can be bothersome.

Owners only have rights towards the interior walls of these units. The remainder of the structure of the building as well as 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 see that it is a challenge to maintain their young confined in their Singapore condos. This is where the club amenities seem useful. There are many Singapore condos that provide excellent amenities besides beautiful units. When purchasing condos, look at the amenities offered to compensate for the possible lack of personal space.

When the time comes a condo unit owner decides to sell his unit, it may take longer than expected to resell it. Today, it is easier to purchase a property rather than resell it. Singapore condos relatively have higher rate due to the location; perhaps the resale value remains competitive years after the purchase.

Achievable home owners, condo living still remains a more sensible choice and many are prepared to overlook the cons.