Are You Considering These Factors Before Buying a flat?1260083

If you are a potential real estate buyer and are yet to decide whether you want a single family home or a condo this article is made for you. People generally settle for condos because of the fact that the maintenance fees of amenities like pool, garden, lawn, badminton court etc are given to other residents from the housing complex. However, you will find people who are not necessarily interested in sharing the aforementioned facilities with others-meaning they wish to enjoy complete ownership of each square inch of the house owned by them. These are the individuals who prefer single family homes instead of condos. This is a rundown on the factors which you should consider while purchasing a One-North Eden Singapore. Read on!

A few suggests keep in view while buying a condo!

Location: Location from the condo makes for one of the most important 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 the aid of cars/bus/cabs etc to get into the local market, school and clinic. So, be certain that you're zeroing in with an option after considering this factor closely. In this regard, it must be mentioned that Leedon Green might turn into an ideal choice!

Besides, the position of the complex, make sure you are considering the placement of your own private suite within the complex. As an example, if your suite is situated too near to party rooms, it will lead to inevitable noise concerns. Similarly, the elevation with the suite will get a new 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 may be shared, it ought to be remembered it (the constant maintenance fee) is too high in the event of some housing complexes. The top fees should infallibly be included to the payment for loan approval.

You need to secure quotes from several condo owners before zeroing in on your choice. If you are buying a resale unit, then make sure you are closely taking into consideration the fees in comparison to the similar buildings with units of comparative size.

Rules and Regulations: The usage of the condo facilities is controlled by a set of rules and regulations. The Condo Associations have the effect of ensuring that these rules are not flouted. It is very important for a potential condo buyer to understand these rules before choosing the property. Needless to say, an attorney might be of great help. It's also wise to remember the fact that there are a few condo associations who are not approved by lenders owing to several factors.

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