Are You Considering These 4 elements Before Buying an apartment?3903748

If you are a potential real estate buyer and are yet to determine whether you desire a single family home or a condo than the article is for you. People generally be satisfied with condos owing to the fact that the constant maintenance fees of amenities like pool, garden, lawn, badminton court etc are shared with other residents from the housing complex. However, you will find people who are not necessarily interested in sharing the aforementioned facilities with others-meaning they want to enjoy complete ownership of each and every square inch of the house owned by them. These are the individuals who prefer single homes instead of condos. Here is a rundown around the factors that you should consider while investing in a One-North Eden Showflat. Continue reading!

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

Location: Location with the condo creates one of the most critical factors judging its suitability. A remotely located condominium - regardless of how cheap it is - would ultimately turn into an expensive proposition in the long run if you have to avail the help of cars/bus/cabs etc to access 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 turn out to be an ideal choice!

Besides, the positioning of the complex, make sure you are considering the keeping your own private suite within the complex. For instance, if your suite can be found too near to party rooms, it's going to lead to inevitable noise concerns. Similarly, the elevation from the suite will affect 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 (from the amenities, as mentioned above) fee may be shared, it ought to be remembered it (taking care fee) is just too high in case of some housing complexes. The high fees should infallibly be added to the mortgage payment for loan approval.

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

Rules and Regulations: The usage of the condo facilities is controlled by a set of regulations. The Condo Associations have the effect of ensuring that these rules aren't flouted. It is very important for any potential condo buyer to comprehend these rules before choosing the property. Needless to mention, an attorney could be of great help. It's also advisable to remember the proven fact that there are a few condo associations who are not approved by lenders due to several factors.

Neighbors: Unlike detached homes, a housing complex requires you to live in proximity with neighbors. You may as well end up sharing room walls using them as well. Discovering the neighbors (whether whatsoever you would be co-exist peacefully in the same complex or not) would be critical, too.