Are You Considering These Factors Before Buying a flat?3038410

If you are a potential home buyer and are yet to determine whether you want a single home or a condo this article is for you. People generally be satisfied with condos due to the fact that the maintenance fees of amenities like pool, garden, lawn, badminton court etc are given to other residents from the housing complex. However, there are people who are certainly not interested in sharing the previously mentioned facilities with others-meaning they wish to enjoy complete ownership of each and every square inch of the home owned by them. These are the individuals who prefer single houses instead of condos. Here is a rundown on the factors that you should consider while purchasing a One-North Eden Showroom. Keep reading!

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

Location: Location with the condo makes for one of the most key elements judging its suitability. A remotely located condominium - regardless of how cheap it really is - would ultimately grow to be an expensive proposition in the end if you have to avail the aid of cars/bus/cabs etc to gain access to the local market place, school and clinic. So, you should always be zeroing in on 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 position of the complex, make sure you are considering the keeping of your own private suite inside complex. For instance, if your suite is found too near to party rooms, it will lead to inevitable noise concerns. Similarly, the elevation from the suite will affect the street noise factor. Consider lakeville residence at Jurong Lake for a hassle-free living experience!

Cost: The buying price 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 pointed out above) fee could be shared, it ought to be remembered it (the maintenance fee) is too high in case of some housing complexes. The top fees should infallibly be included to the payment for loan approval.

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

Regulations: The usage of the apartment facilities is governed by a set of rules and regulations. The Condo Associations are accountable for ensuring that these rules are not flouted. It is very important for any potential condo buyer to understand these rules before choosing the property. Needless to cover, an attorney could be of great help. You should also remember the proven fact that there are a few condo associations which 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 wind up sharing room walls together as well. Finding out about the neighbors (whether at all you would be co-exist peacefully inside the same complex or not) would be critical, too.