Are You Considering These 4 elements Before Buying a Condo?5704217

If you are a potential real estate buyer and are yet to choose whether you want a single home or a condo then this article is made for you. People generally accept condos owing to the fact that the constant maintenance fees of amenities like pool, garden, lawn, badminton court etc are given to other residents of the housing complex. However, there are people who are not really interested in sharing the aforementioned facilities with others-meaning they would like to enjoy complete ownership of each square inch of the house owned by them. Fundamental essentials individuals who prefer single homes instead of condos. Here is a rundown on the factors that you simply should consider while purchasing a One-North Eden Showflat. Keep reading!

A few suggests keep in view while investing in a condo!

Location: Location with the condo produces one of the most key elements judging its suitability. A remotely located condominium - no matter how cheap it really is - would ultimately turn into an expensive proposition in the end if you have to avail the help of cars/bus/cabs etc to gain access to the local marketplace, school and clinic. So, make sure you are zeroing in with an option after considering this factor closely. In this connection, it must be mentioned that Leedon Green might grow to be an ideal choice!

Besides, the position of the complex, make sure you are considering the keeping of your own private suite within the complex. For example, if your suite is situated too near party rooms, it's going to lead to inevitable noise concerns. Similarly, the elevation of the suite will modify the street noise factor. Consider lakeville residence at Jurong Lake to get a hassle-free living experience!

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

-The location of the condo -Its size -Upgrades (if any) Though the maintenance (of the amenities, as mentioned above) fee may be shared, it should be remembered it (the constant maintenance fee) is simply too high in case of some housing complexes. The top fees should infallibly be included to the mortgage payment for loan approval.

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

Regulations: The usage of the apartment facilities is governed by a set of regulations. The Condo Associations are responsible for ensuring that these rules aren't flouted. It is very important for any potential condo buyer to understand these rules before buying the property. Needless to mention, an attorney may be of great help. It's also advisable to remember the 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 you to definitely live in proximity with neighbors. You could as well end up sharing room walls together as well. Finding out about the neighbors (whether in any way you would be co-exist peacefully in the same complex or not) would be critical, too.