The Pros And Cons When Living in Singapore Condos3022264

Transferring to a condominium is really a dream become a reality for many young professionals and families today. What many do not realize is that condo living is different in many aspects. Those used to living in single unit houses will surely go through a phase of adjustment after relocating to their new homes. For buyers of Singapore condos, financial changes will be the most evident.

Families and individuals who consider relocating to a condo will love the amenities including 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 plus they make a great investment. Some homeowners today purchase The Linq At Beauty World and lease them to BPO employees. While many decide to buy, there is certainly still many 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 regions of the building. Home owners are only accountable for repairs and maintenance of their own units. In Singapore condos, most condominium associations set aside a fund for future expenses. General and exterior repairs will be the obligation from the condo association. The association dues collected from condo unit owners are employed to maintain the facilities and amenities offered by the real estate. These fees vary, but are almost always less cheap as property owners would like them being. For a growing family or even for single tenants, the condo fees definitely have a toll on their budget.

Say goodbye to total silence and privacy

Singapore condo unit owners are partners along with the rest of the home those who own the complex. Generally there will be greater than four condo units in every floor, based on the area of the complex. Literally, units are separated by walls. Lucky for those who live close to people who like serenity and peace, but living close to a family especially with children or close to a couple who perpetually argues may be bothersome.

Owners have only rights to the interior walls of the units. The remainder of the structure of the building and also the land is given to other condominium unit owners. Also, unlike townhouses which have verandas, garages, or garden, condo living is limited to the four spaces of your unit. Families with children will find that it is a challenge to maintain their young confined of their Singapore condos. This is where the club amenities seem useful. There are many Singapore condos which offer excellent amenities apart from beautiful units. When choosing condos, consider the amenities provided to compensate for having less personal space.

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

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