The Pros And Cons When Living in Singapore Condos1865961

Moving in to a condominium is a dream become a reality for many young professionals and families today. What many don't realize is that condo living is different in many aspects. Those accustomed to living in single unit houses will definitely go through a phase of adjustment after transferring to their new homes. For buyers of Singapore condos, financial changes will be the most evident.

Families and people who consider moving to a condo will enjoy the amenities including swimming pool, gym, basketball court, or tennis court. Accessibility-wise, most Singapore condos have reached locations near supermarkets, offices, schools, and hospitals.

Condos remain more affordable than townhouses or single unit homes and they make a great investment. Some homeowners today purchase The Linq @ Beauty World and lease them to BPO employees. Even though many decide to buy, there is certainly still a big part who would rather rent.

Adjustment phase: Prepare to fund condominium and association fees

Many condos require payment of association fees, that go over repair and maintenance of common areas of the building. Property owners are only responsible for repairs and maintenance of their own units. In Singapore condos, most condominium associations reserve a fund for future expenses. General and exterior repairs will be the obligation of the condo association. The association dues collected from condo unit owners are utilized to maintain the facilities and amenities made available from the real estate. These fees vary, but they are almost always not as cheap as homeowners would like them being. For a growing family or for single tenants, the apartment fees definitely take a toll on the budget.

Bid farewell to total silence and privacy

Singapore condo unit owners are partners along with the rest of the home those who own the complex. Typically there will be more than four condo units in every floor, with respect to the area of the complex. Literally, units are separated by walls. Lucky for those who live next to people who like serenity and peace, but living alongside a family particularly with children or alongside a couple who perpetually argues can be bothersome.

Owners just have rights for the interior walls of these units. The remainder of the structure with the building and also the land is distributed to other condominium unit owners. Also, unlike townhouses that have verandas, garages, or garden, condo living is restricted to the four spaces of a unit. Families with children will find that it is a challenge to have their young confined inside their Singapore condos. This is when the club amenities seem useful. There are numerous Singapore condos which offer excellent amenities besides beautiful units. When choosing condos, think about the amenities provided to compensate for the lack of personal space.

When it's time a condo unit owner decides to offer his unit, it may take longer than likely to resell it. Today, it is easier to obtain a property rather than resell it. Singapore condos relatively have higher market price due to the location; perhaps the resale value remains competitive years after the purchase.

For brand spanking new home owners, condo living still remains a better option and many are prepared to overlook the cons.