The Pros And Cons When Living in Singapore Condos2094209

Moving in to a condominium can be a dream come true for many young professionals and families today. What many don't understand is that condo living differs in many aspects. Those accustomed to living in single unit houses will certainly go through a phase of adjustment after moving in to their new homes. For buyers of Singapore condos, financial changes could be the most evident.

Families and people who consider moving to a condo will love the amenities for example swimming pool, gym, basketball court, or tennis court. Accessibility-wise, most Singapore condos are situated in locations near supermarkets, offices, schools, and hospitals.

Condos are still more affordable than townhouses or single unit homes and so they make a great investment. Some house buyers today purchase The Linq At Beauty World Showflat and lease these to BPO employees. While many decide to buy, there's still a big part who would rather rent.

Adjustment phase: Prepare to cover condominium and association fees

Many condos require payment of association fees, that go over repair and maintenance of common areas of the building. Home owners are only responsible for repairs and maintenance in their own units. In Singapore condos, most condominium associations reserve a fund for future expenses. General and exterior repairs would be the obligation of the condo association. The association dues collected from condo unit owners are employed to maintain the facilities and amenities provided by the real estate. These fees vary, but they are almost always much less cheap as homeowners would like them being. For a growing family or for single tenants, the apartment fees definitely take a toll on their budget.

Say goodbye to total silence and privacy

Singapore condo unit owners are partners with the remainder of the home owners of the complex. Typically there will be more than four condo units in each floor, depending on the area of the complex. Literally, units are separated by walls. Lucky for those who live alongside people who like serenity and peace, but living close to a family particularly with children or close to a couple who perpetually argues may be bothersome.

Owners have only rights for the interior walls of these units. The rest of the structure with the building and the land is given to other condominium unit owners. Also, unlike townhouses which have verandas, garages, or garden, condo living is fixed to the four spaces of your unit. Families with children will discover that it is a challenge to have their young confined in their Singapore condos. That's where the club amenities seem useful. There are numerous Singapore condos that provide excellent amenities aside from beautiful units. When buying condos, think about the amenities agreed to compensate for the lack of personal space.

When the time comes a condo unit owner decides to offer his unit, it could take longer than likely to resell it. Today, it is easier to obtain a property rather than to resell it. Singapore condos relatively have higher market value due to the location; even the resale value remains competitive years following your purchase.

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