The Pros And Cons When Residing in Singapore Condos1654224

Moving in to a condominium can be a dream become a reality for many young professionals and families today. What many do not realize is that condo living is unique in many aspects. Those used to 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 would be the most evident.

Families and people who consider transferring to a condo will like the amenities including swimming pool, gym, basketball court, or tennis court. Accessibility-wise, most Singapore condos have reached locations near supermarkets, offices, schools, and hospitals.

Condos continue to be more affordable than townhouses or single unit homes plus they make a great investment. Some home buyers today purchase The Linq @ Beauty World and lease these to BPO employees. Even though many decide to buy, there is still many who would rather rent.

Adjustment phase: Prepare to cover condominium and association fees

Many condos require monthly payment of association fees, that go over repair and maintenance of common regions of the building. Home owners are only accountable for repairs and maintenance inside their own units. In Singapore condos, most condominium associations put aside a fund for future expenses. General and exterior repairs are the obligation from the condo association. The association dues collected from condo unit owners are utilized to maintain the facilities and amenities made available from the real estate. These fees vary, but you are almost always much less cheap as property owners would like them to be. For a growing family or even for single tenants, the condo fees definitely take a toll on their own budget.

Say goodbye to 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 greater than four condo units in each floor, based on the area of the complex. Literally, units are separated by walls. Lucky for individuals who live alongside people who like serenity and peace, but living close to a family especially with children or next to a couple who perpetually argues may be bothersome.

Owners only have rights for the interior walls of their units. All of those other structure from the building and the land is distributed to other condominium unit owners. Also, unlike townhouses that have verandas, garages, or garden, condo living is limited to the four spaces of your unit. Families with children will find that it is a challenge to keep their young confined inside their Singapore condos. This is when the club amenities seem useful. There are numerous Singapore condos that provide excellent amenities apart from beautiful units. When purchasing condos, think about the amenities offered to compensate for having less personal space.

When it's time a condo unit owner decides to market his unit, it may take longer than anticipated to resell it. Today, it is easier to buy a property rather than resell it. Singapore condos relatively have higher market price due to the location; perhaps the resale value remains competitive years after the purchase.

For brand spanking new home owners, condo living still remains a more sensible choice and many are willing to overlook the cons.