The Pros And Cons When Living in Singapore Condos8598514
Moving in to a condominium can be a dream be realized for many young professionals and families today. What many don't understand is that condo living is different 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 could be the most evident.
Families and individuals who consider relocating to a condo will like 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 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. Although decide to buy, there's still a majority who would rather rent.
Adjustment phase: Prepare to pay for condominium and association fees
Many condos require monthly payment of association fees, for repair and maintenance of common aspects of the building. Homeowners are only accountable for repairs and maintenance in their own units. In Singapore condos, most condominium associations set aside a fund for future expenses. General and exterior repairs are the obligation with the condo association. The association dues collected from condo unit owners are utilized to maintain the facilities and amenities offered by the real estate. These fees vary, but they are almost always less cheap as home owners would like them to become. For a growing family or perhaps for single tenants, the apartment fees definitely have a toll on the budget.
Leave behind total silence and privacy
Singapore condo unit owners are partners with the remainder of the home owners of the complex. Generally there will be greater than four condo units in each floor, with respect to the area of the complex. Literally, units are separated by walls. Lucky for many who live next to 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 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 limited to the four spaces of a unit. Families with children will see that it is a challenge to keep their young confined of their Singapore condos. That's where the club amenities seem useful. There are lots of Singapore condos which offer excellent amenities besides beautiful units. When buying condos, look at the amenities provided to compensate for having less personal space.
When it's time a condo unit owner decides to offer his unit, it could take longer than likely to resell it. Today, it is easier to purchase a property rather than to resell it. Singapore condos relatively have higher market price due to the location; even the resale value remains competitive years following your purchase.
For first time home owners, condo living still remains a more sensible choice and many are prepared to overlook the cons.
