The Pros And Cons When Residing in Singapore Condos4787776

Transferring to a condominium is really a dream be realized for many young professionals and families today. What many don't realize is that condo living is different 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 folks who consider relocating to a condo will enjoy 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 remain more affordable than townhouses or single unit homes and 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's still a big part who would rather rent.

Adjustment phase: Prepare to pay for condominium and association fees

Many condos require payment of association fees, for repair and maintenance of common areas of the building. Home owners are only responsible 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 would 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 they are almost always less cheap as home owners would like them to be. For a growing family or even for single tenants, the apartment fees definitely have a toll on their own budget.

Bid farewell to total silence and privacy

Singapore condo unit owners are partners with the rest of the home owners of the complex. In most cases 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 close to people who like serenity and peace, but living next to a family particularly with children or close to a couple who perpetually argues can be bothersome.

Owners only have rights towards the interior walls of the units. The rest of the structure from the building and 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 your unit. Families with children will discover that it is a challenge to have their young confined inside their Singapore condos. This is when the club amenities seem useful. There are lots of Singapore condos that provide excellent amenities apart from beautiful units. When buying condos, look at the amenities agreed to compensate for the lack of personal space.

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

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