Are You Considering These Factors Before Buying a flat?2286415

If you are a potential buyer and are yet to choose whether you need a single family home or a condo than the article is made for you. People generally accept condos because of the fact that the maintenance fees of amenities like pool, garden, lawn, badminton court etc are shared with other residents from the housing complex. However, you will find people who are not really interested in sharing the aforementioned facilities with others-meaning they would like to enjoy complete ownership of each square inch of the home owned by them. These are the individuals who prefer single homes instead of condos. Here is a rundown around the factors that you should consider while buying a One-North Eden Showroom. Keep reading!

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

Location: Location with the condo produces one of the most critical factors judging its suitability. A remotely located condominium - regardless of how cheap it really is - would ultimately turn out to be an expensive proposition in the end if you have to avail assistance from cars/bus/cabs etc to gain access to the local market, school and clinic. So, you should always be zeroing in on an option after considering this factor closely. In connection with this, it must be mentioned that Leedon Green might turn out to be an ideal choice!

Besides, the positioning of the complex, be certain that you're considering the placement of your own private suite within the complex. For example, if your suite is found too near party rooms, it'll 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 buying price of the condo varies with several factors including

-The location of the condo -Its size -Upgrades (or no) Though the maintenance (with the amenities, as pointed out above) fee can be shared, it must be remembered it (the constant maintenance fee) is just too high in the event of some housing complexes. The high fees should infallibly be included to the mortgage payment for loan approval.

You ought to secure quotes from the 3 major condo owners before zeroing in in your choice. If you're buying a resale unit, then make sure you're closely thinking about the fees in comparison to the similar buildings with units of comparative size.

Regulations and rules: The usage of the condo facilities is controlled by a set of regulations and rules. The Condo Associations are accountable for ensuring that these rules aren't flouted. It is very important for any potential condo buyer to know these rules before choosing the property. Needless to say, an attorney could be of great help. You should also remember the undeniable fact that there are a few condo associations who are not approved by lenders due to several factors.

Neighbors: Unlike detached homes, a housing complex requires you to live in proximity with neighbors. You might as well find yourself sharing room walls together as well. Discovering the neighbors (whether whatsoever you would be co-exist peacefully within the same complex or otherwise) would be critical, also.