Are You Considering These 4 elements Before Buying a Condo?4124439

If you are a potential real estate buyer and are yet to decide whether you want a single family house or a condo than the article is perfect for you. People generally accept condos due to the fact that the maintenance fees of amenities like pool, garden, lawn, badminton court etc are distributed to other residents with the housing complex. However, there are people who are not really interested in sharing the aforementioned facilities with others-meaning they want to enjoy complete ownership of each square inch of the home owned by them. These are the individuals who prefer single houses instead of condos. Listed here is a rundown about the factors that you simply should consider while buying a One-North Eden Showflat. Continue reading!

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

Location: Location from the condo creates one of the most key elements judging its suitability. A remotely located condominium - regardless 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 access the local market place, school and clinic. So, you should always be zeroing in with an option after considering this factor closely. In this regard, it must be mentioned that Leedon Green might turn out to be an ideal choice!

Besides, the location of the complex, make sure you are considering the keeping of your own private suite within the complex. For instance, if your suite is situated too near party rooms, it will lead to inevitable noise concerns. Similarly, the elevation from 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 from the condo -Its size -Upgrades (if any) Though the maintenance (of the amenities, as stated before) fee can be shared, it should be remembered it (the maintenance fee) is simply too high in case of some housing complexes. The top fees should infallibly be included in the payment for loan approval.

You should secure quotes from several condo owners before zeroing in on your choice. If you are buying a resale unit, make sure you are closely thinking about the fees when compared to the similar buildings with units of comparative size.

Regulations: The usage of the apartment facilities is governed 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 a potential condo buyer to understand these rules before buying the property. Needless to mention, an attorney could be of great help. It's also advisable to remember the undeniable fact that there are a few condo associations which are not approved by lenders due to several factors.

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