The Pros And Cons When Living in Singapore Condos3464848

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

Families and individuals 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 continue to be more affordable than townhouses or single unit homes and so they make a great investment. Some homeowners today purchase The Linq At Beauty World Showflat and lease these to BPO employees. While many decide to buy, there is certainly still a big part who would rather rent.

Adjustment phase: Prepare to cover condominium and association fees

Many condos require monthly payment of association fees, for repair and maintenance of common regions of the building. Property owners are only responsible for repairs and maintenance in their own units. In Singapore condos, most condominium associations put aside 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 employed to maintain the facilities and amenities provided by the real estate. These fees vary, but they are almost always less cheap as homeowners would like them to become. For a growing family or perhaps for single tenants, the condo fees definitely require a toll on the budget.

Say goodbye to total silence and privacy

Singapore condo unit owners are partners along with the rest of the home people who just love the complex. In most cases 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 alongside people who like serenity and peace, but living next to a family particularly with children or next to a couple who perpetually argues may be bothersome.

Owners only have rights to the interior walls of the units. The rest of the structure from the building and also the land is shared with other condominium unit owners. Also, unlike townhouses which may have verandas, garages, or garden, condo living is fixed to the four spaces of the unit. Families with children will find that it is a challenge to keep their young confined in their Singapore condos. This is where the club amenities seem useful. There are lots of Singapore condos that provide excellent amenities besides beautiful units. When buying 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 might 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 following the purchase.

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