Are You Considering These Factors Before Buying a flat?3317402

If you are a potential real estate buyer and are yet to determine whether you need a single home or a condo then this article is perfect for you. People generally accept condos owing to 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, you will find people who are not necessarily interested in sharing the previously mentioned facilities with others-meaning they want to enjoy complete ownership of every square inch of the house owned by them. Fundamental essentials individuals who prefer single houses instead of condos. This is a rundown around the factors that you simply should consider while investing in a One-North Eden Showflat. Read on!

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

Location: Location from the condo creates one of the most critical factors judging its suitability. A remotely located condominium - no matter how cheap it is - would ultimately turn out to be an expensive proposition in the long run if you have to avail assistance from cars/bus/cabs etc to get into the local market, school and clinic. So, you should always be zeroing in on an option after considering this factor closely. In connection with this, it must be mentioned that Leedon Green might turn into an ideal choice!

Besides, the positioning of the complex, be certain that you're considering the placement of your own private suite inside the complex. For example, if your suite is 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 for any 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 (with the amenities, as pointed out above) fee may be shared, it must be remembered it (the constant maintenance fee) is simply too high in the event of some housing complexes. Our prime fees should infallibly be included to the mortgage payment for loan approval.

You need to secure quotes from the 3 condo owners before zeroing in in your choice. If you are buying a resale unit, then make sure you are closely thinking about the fees as compared to the similar buildings with units of comparative size.

Rules and Regulations: The usage of the apartment facilities is governed by a set of rules and regulations. The Condo Associations are responsible for ensuring that these rules are not flouted. It is very important to get a potential condo buyer to understand these rules before buying the property. Needless to say, 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 owing to several factors.

Neighbors: Unlike detached homes, a housing complex requires you to definitely live in proximity with neighbors. You might as well end up sharing room walls with them as well. Finding out about the neighbors (whether in any way you would be co-exist peacefully inside the same complex or not) would be critical, too.