Are You Considering These Factors Before Buying a Condo?9379725

If you are a potential buyer and are yet to decide whether you desire a single family house or a condo than the article is perfect 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 shared with other residents from the housing complex. However, you can find people who are not really interested in sharing these 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 simply should consider while buying a One-North Eden Singapore. Continue reading!

A few exactly what to keep in view while buying a condo!

Location: Location with the condo makes for one of the most important factors judging its suitability. A remotely located condominium - no matter how cheap it really 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, 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 position of the complex, make sure you are considering the keeping of your own private suite inside complex. As an example, if your suite can be 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 to get a hassle-free living experience!

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

-The location with the condo -Its size -Upgrades (or no) Though the maintenance (of the amenities, as pointed out above) fee can be shared, it should be remembered it (the constant maintenance fee) is too high in case of some housing complexes. Our prime fees should infallibly be included in the mortgage payment for loan approval.

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

Regulations: The usage of the condo facilities is controlled by a set of regulations and rules. The Condo Associations are responsible for ensuring that these rules aren't flouted. It is very important to get a potential condo buyer to know these rules before selecting the property. Needless to cover, an attorney may be of great help. You should also remember the proven fact that there are a few condo associations which aren't approved by lenders because of several factors.

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