Are You Considering These 4 elements Before Buying a Condo?8686571

If you are a potential buyer and are yet to decide whether you want a single home or a condo than the article is perfect for you. People generally settle for condos owing to the fact that the constant 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 really interested in sharing the aforementioned facilities with others-meaning they would like to enjoy complete ownership of every square inch of your home owned by them. These are the individuals who prefer single homes instead of condos. This is a rundown on the factors that you should consider while buying a One-North Eden. Keep reading!

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

Location: Location with the condo produces one of the most key elements judging its suitability. A remotely located condominium - regardless how cheap it is - would ultimately grow to be an expensive proposition over time if you have to avail the help 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 location of the complex, make sure you are considering the keeping your own private suite inside complex. As an example, if your suite is situated too near to party rooms, it'll lead to inevitable noise concerns. Similarly, the elevation from the suite will affect the street noise factor. Consider lakeville residence at Jurong Lake to get a hassle-free living experience!

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

-The location with the condo -Its size -Upgrades (if any) Though the maintenance (of the amenities, as stated before) fee can be shared, it must be remembered it (the maintenance fee) is simply too high in case of some housing complexes. Our prime fees should infallibly be added to the payment for loan approval.

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

Rules and Regulations: 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 are not flouted. It is very important for a potential condo buyer to comprehend these rules before buying the property. Needless to say, an attorney may be of great help. It's also wise to remember the fact that there are a few condo associations which are not approved by lenders because of several factors.

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