The Pros And Cons When Surviving in Singapore Condos4408751

Moving in 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 differs in many aspects. Those familiar with living in single unit houses will certainly go through a phase of adjustment after moving in to their new homes. For buyers of Singapore condos, financial changes could be the most evident.

Families and folks who consider moving 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 and they make a great investment. Some house buyers today purchase The Linq @ Beauty World 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 payment of association fees, that go over repair and maintenance of common aspects of the building. Property owners are only in charge of repairs and maintenance inside their own units. In Singapore condos, most condominium associations reserve a fund for future expenses. General and exterior repairs would be the obligation with the condo association. The association dues collected from condo unit owners are used to maintain the facilities and amenities provided by the real estate. These fees vary, but are almost always less cheap as property owners would like them to be. For a growing family or 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 remainder of the home those who own the complex. Generally there will be a lot more than four condo units in each floor, based on the area of the complex. Literally, units are separated by walls. Lucky for many who live next to people who like serenity and peace, but living alongside a family especially with children or alongside a couple who perpetually argues may be bothersome.

Owners have only rights to the interior walls of these units. The remainder of the structure from the building and 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 your 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 numerous Singapore condos which offer excellent amenities besides beautiful units. When choosing condos, look at the amenities offered to compensate for the possible lack of personal space.

When it's time a condo unit owner decides to market his unit, it might take longer than expected to resell it. Today, it is easier to buy a property rather than to resell it. Singapore condos relatively have higher market price due to the location; perhaps 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 prepared to overlook the cons.