Are You Considering These Factors Before Buying a Condo?9610631

If you are a potential real estate buyer and are yet to decide whether you need a single family home or a condo than the article is 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 shared with other residents with the housing complex. However, you can find people who are certainly not interested in sharing these facilities with others-meaning they wish to enjoy complete ownership of every square inch of the home owned by them. These are the individuals who prefer single family homes instead of condos. Listed here is a rundown around the factors that you should consider while buying a One-North Eden Showflat. Keep reading!

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

Location: Location of the condo makes for one of the most key elements 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 assistance from cars/bus/cabs etc to get into the local market, school and clinic. So, make sure you are 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, you should always be considering the keeping of your own private suite inside complex. For instance, if your suite is situated too near party rooms, it'll lead to inevitable noise concerns. Similarly, the elevation with the suite will modify the 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 mentioned above) fee could be shared, it should be remembered it (the maintenance fee) is simply too high in case of some housing complexes. The high fees should infallibly be included to the payment for loan approval.

You need to secure quotes from the 3 major condo owners before zeroing in in your choice. If you are buying a resale unit, make sure you're closely taking into consideration the fees as compared to the similar buildings with units of comparative size.

Regulations: The usage of the condo facilities is governed by a set of regulations. The Condo Associations are accountable for ensuring that these rules usually are not flouted. It is very important to get a potential condo buyer to comprehend these rules before choosing 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 because of 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 together as well. Finding out about the neighbors (whether in any way you would be co-exist peacefully inside the same complex or otherwise not) would be critical, too.