Are You Considering These Factors Before Buying an apartment?6436984

If you are a potential home buyer and are yet to choose whether you want a single family house or a condo then this article is perfect for you. People generally settle for condos owing to the fact that taking care fees of amenities like pool, garden, lawn, badminton court etc are shared with other residents with the housing complex. However, you can find people who are not necessarily interested in sharing the previously mentioned facilities with others-meaning they wish to enjoy complete ownership of each square inch of your home owned by them. These are the individuals who prefer single family homes instead of condos. Here is a rundown about the factors which you should consider while investing in a One-North Eden Singapore. Read on!

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

Location: Location from the condo makes for one of the most key elements judging its suitability. A remotely located condominium - no matter how cheap it really is - would ultimately turn out to be an expensive proposition in the long run if you have to avail the help of cars/bus/cabs etc to gain access to the local market place, school and clinic. So, be certain that you're zeroing in on an option after considering this factor closely. In connection with this, it must be mentioned that Leedon Green might turn out to be an ideal choice!

Besides, the position of the complex, you should always be considering the placement of your own private suite within the complex. As an example, if your suite is situated too near party rooms, it'll lead to inevitable noise concerns. Similarly, the elevation from the suite will modify 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 of the condo -Its size -Upgrades (or no) Though the maintenance (of the amenities, as mentioned above) fee could be shared, it must be remembered it (the maintenance fee) is too high in the event of some housing complexes. The top fees should infallibly be included to the payment for loan approval.

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

Regulations: The usage of the condo facilities is governed by a set of regulations and rules. The Condo Associations are responsible for ensuring that these rules aren't flouted. It is very important for any potential condo buyer to comprehend these rules before selecting the property. Needless to mention, an attorney could be of great help. You should also remember the 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 live in proximity with neighbors. You could as well wind up sharing room walls using them as well. Learning about the neighbors (whether at all you would be co-exist peacefully in the same complex or otherwise) would be critical, also.