Are You Considering These 4 elements Before Buying a flat?4826906

If you are a potential real estate buyer and are yet to choose whether you desire a single home or a condo then this article is made for you. People generally settle for condos due to 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 not really interested in sharing these facilities with others-meaning they would like 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 investing in a One-North Eden Showflat. Keep reading!

A few points to keep in view while purchasing 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 is - would ultimately grow to be an expensive proposition in the end if you have to avail the help of cars/bus/cabs etc to get into the local market place, school and clinic. So, make sure you are zeroing in on 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 position of the complex, be certain that you're considering the keeping your own private suite inside the complex. For example, if your suite can be found too near party rooms, it's going to lead to inevitable noise concerns. Similarly, the elevation of the suite will get a new 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 (or no) Though the maintenance (of the amenities, as pointed out above) fee may be shared, it ought to be remembered it (the constant maintenance fee) is just too high in case of some housing complexes. The top fees should infallibly be included in the mortgage payment for loan approval.

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

Rules and Regulations: The usage of the condo 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 a potential condo buyer to comprehend these rules before choosing the property. Needless to cover, an attorney might be of great help. It's also wise to remember the undeniable fact that there are a few condo associations which aren't approved by lenders owing to several factors.

Neighbors: Unlike detached homes, a housing complex requires you to live in proximity with neighbors. You could as well find yourself sharing room walls with them as well. Discovering the neighbors (whether whatsoever you would be co-exist peacefully within the same complex or otherwise not) would be critical, also.