Are You Considering These Factors Before Buying a flat?5715950

If you are a potential buyer and are yet to decide whether you want a single family house or a condo then this article is perfect for you. People generally accept condos due to the fact that the constant maintenance fees of amenities like pool, garden, lawn, badminton court etc are given to other residents with the housing complex. However, you can find people who are certainly not interested in sharing the aforementioned 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 homes instead of condos. Here is a rundown about the factors which you should consider while purchasing a One-North Eden. Read on!

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

Location: Location with the condo produces one of the most key elements judging its suitability. A remotely located condominium - regardless of how cheap it really is - would ultimately turn out 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, you should always be zeroing in with an option after considering this factor closely. In this regard, it must be mentioned that Leedon Green might grow to be an ideal choice!

Besides, the position of the complex, be certain that you're considering the placement of your own private suite inside complex. For instance, if your suite is situated too near 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 for a hassle-free living experience!

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

-The location from the condo -Its size -Upgrades (if any) Though the maintenance (with the amenities, as pointed out above) fee may be shared, it should be remembered it (the constant maintenance fee) is just too high in case of some housing complexes. The top fees should infallibly be added to the mortgage payment for loan approval.

You ought 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 might be closely thinking about the fees when 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 and rules. The Condo Associations are responsible for ensuring that these rules are not flouted. It is very important to get a potential condo buyer to comprehend these rules before selecting the property. Needless to say, an attorney may be of great help. It's also wise to remember the proven 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 end up sharing room walls together as well. Discovering the neighbors (whether in any way you would be co-exist peacefully in the same complex or otherwise) would be critical, also.