Are You Considering These Factors Before Buying a flat?3351817

If you are a potential buyer and are yet to decide whether you need a single home or a condo than the article is for you. People generally accept condos because of the fact that the constant maintenance fees of amenities like pool, garden, lawn, badminton court etc are distributed to other residents of the housing complex. However, you will find people who are certainly not interested in sharing the previously mentioned 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 family homes instead of condos. This is a rundown about the factors that you should consider while investing in a One-North Eden. Continue reading!

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

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

Besides, the location of the complex, you should always be considering the keeping of your own private suite inside the complex. As an example, if your suite can be found too near party rooms, it'll lead to inevitable noise concerns. Similarly, the elevation of the suite will get a new street noise factor. Consider lakeville residence at Jurong Lake for a hassle-free living experience!

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

-The location with the condo -Its size -Upgrades (or no) Though the maintenance (of the amenities, as stated before) fee can be shared, it should be remembered it (the maintenance fee) is too high in case 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. In case you are buying a resale unit, and then make sure you might be closely considering the fees in comparison to the similar buildings with units of comparative size.

Regulations and rules: The usage of the apartment facilities is controlled by a set of rules and regulations. The Condo Associations are accountable for ensuring that these rules aren't flouted. It is very important to get a potential condo buyer to comprehend these rules before buying the property. Needless to say, an attorney might be of great help. You should also remember the undeniable 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 definitely live in proximity with neighbors. You may as well find yourself sharing room walls using them as well. Learning about the neighbors (whether whatsoever you would be co-exist peacefully within the same complex or otherwise not) would be critical, also.