The Pros And Cons When Surviving in Singapore Condos6796349
Transferring to a condominium can be a dream be realized for many young professionals and families today. What many don't realize is that condo living is unique in many aspects. Those familiar with living in single unit houses will definitely go through a phase of adjustment after relocating to their new homes. For buyers of Singapore condos, financial changes will be the most evident.
Families and people who consider relocating 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 At Beauty World Showflat and lease these to BPO employees. Although decide to buy, there is still many who would rather rent.
Adjustment phase: Prepare to pay for condominium and association fees
Many condos require payment per month of association fees, which cover repair and maintenance of common regions of the building. Home owners are only accountable 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 would be the obligation of the condo association. The association dues collected from condo unit owners are utilized to maintain the facilities and amenities provided by the real estate. These fees vary, but you are almost always not as cheap as home owners would like them to become. For a growing family or perhaps for single tenants, the apartment fees definitely take a toll on the 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. Generally there will be more than four condo units in every floor, depending 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 alongside a family especially with children or next to a couple who perpetually argues could be bothersome.
Owners just have rights for the interior walls of their units. All of those other structure with the building as well as the land is shared with other condominium unit owners. Also, unlike townhouses that have verandas, garages, or garden, condo living is fixed to the four spaces of a unit. Families with children will discover that it is a challenge to keep their young confined of their Singapore condos. That's where the club amenities seem useful. There are lots of Singapore condos that provide excellent amenities apart from beautiful units. When choosing condos, look at the amenities provided to compensate for the possible lack of personal space.
When the time comes a condo unit owner decides to offer his unit, it might take longer than anticipated to resell it. Today, it's easier to buy a property than to resell it. Singapore condos relatively have higher rate due to the location; the resale value remains competitive years following your purchase.
Achievable home owners, condo living still remains a more sensible choice and many are willing to overlook the cons.
