Are You Considering These Factors Before Buying a Condo?3495399

If you are a potential buyer and are yet to decide whether you want a single family house or a condo this article is for you. People generally be satisfied with condos because of the fact that the maintenance fees of amenities like pool, garden, lawn, badminton court etc are distributed to other residents of the housing complex. However, you can find people who are not necessarily interested in sharing these facilities with others-meaning they want to enjoy complete ownership of each square inch of the house owned by them. These are the basic individuals who prefer single houses instead of condos. Here is a rundown on the factors which you should consider while investing in a One-North Eden Showflat. Keep reading!

A few points to keep in view while investing in a condo!

Location: Location with the condo produces one of the most critical factors judging its suitability. A remotely located condominium - no matter how cheap it is - would ultimately turn into an expensive proposition in the end if you have to avail the aid of cars/bus/cabs etc to access the local market place, school and clinic. So, you should always be zeroing in on an option after considering this factor closely. In this regard, it must be mentioned that Leedon Green might grow to be an ideal choice!

Besides, the positioning of the complex, be certain that you're considering the placement of your own private suite inside the complex. For instance, if your suite can be found too close to party rooms, it's going to lead to inevitable noise concerns. Similarly, the elevation of the suite will modify the street noise factor. Consider lakeville residence at Jurong Lake for any hassle-free living experience!

Cost: The price of the condo varies with several factors including

-The location of the condo -Its size -Upgrades (if any) Though the maintenance (of the amenities, as mentioned above) fee can be shared, it must be remembered it (taking care fee) is just too high in the event of some housing complexes. Our prime fees should infallibly be included in the payment for loan approval.

You need to secure quotes from the 3 major condo owners before zeroing in on your own choice. If you're buying a resale unit, and then make sure you are closely considering the fees as compared to the similar buildings with units of comparative size.

Rules and Regulations: The usage of the apartment facilities is governed by a set of rules and regulations. The Condo Associations are accountable for ensuring that these rules are not flouted. It is very important to get a potential condo buyer to know these rules before selecting the property. Needless to mention, an attorney may be of great help. You should also remember the proven fact that there are a few condo associations who are not approved by lenders because of several factors.

Neighbors: Unlike detached homes, a housing complex requires you to definitely live in proximity with neighbors. You may as well end up sharing room walls using them as well. Discovering the neighbors (whether at all you would be co-exist peacefully in the same complex or otherwise not) would be critical, too.