Are You Considering These Factors Before Buying a Condo?891768

If you are a potential buyer and are yet to decide whether you desire a single family house or a condo then this 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 distributed to other residents of the housing complex. However, there are people who are certainly not interested in sharing the aforementioned facilities with others-meaning they want to enjoy complete ownership of each and every square inch of your home owned by them. These are the basic individuals who prefer single houses instead of condos. This is a rundown about the factors that you should consider while investing in a One-North Eden Singapore. Continue reading!

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

Location: Location with the condo makes for one of the most critical factors judging its suitability. A remotely located condominium - regardless how cheap it is - would ultimately turn out to be an expensive proposition over time if you have to avail the aid of cars/bus/cabs etc to access the local marketplace, 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 grow 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 is situated too near to party rooms, it's going to lead to inevitable noise concerns. Similarly, the elevation of the suite will affect the street noise factor. Consider lakeville residence at Jurong Lake to get 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 (or no) Though the maintenance (of the amenities, as stated before) fee could be shared, it must be remembered it (the maintenance fee) is simply too high in the event of some housing complexes. The top fees should infallibly be included to the loan payment for loan approval.

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

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

Neighbors: Unlike detached homes, a housing complex requires you to definitely live in proximity with neighbors. You may as well find yourself sharing room walls with them as well. Finding out about the neighbors (whether at all you would be co-exist peacefully in the same complex or otherwise not) would be critical, as well.