The Pros And Cons When Residing in Singapore Condos886079
Relocating to a condominium is really a dream come true 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 definitely go through a phase of adjustment after relocating to their new homes. For buyers of Singapore condos, financial changes would be the most evident.
Families and folks who consider moving to a condo will enjoy the amenities such as 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 they make a great investment. Some home buyers today purchase The Linq @ Beauty World and lease them to BPO employees. Although decide to buy, there is certainly still a majority who would rather rent.
Adjustment phase: Prepare to pay for condominium and association fees
Many condos require payment of association fees, which cover repair and maintenance of common areas of the building. Home owners are only in charge of repairs and maintenance of their own units. In Singapore condos, most condominium associations put 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 they are almost always less cheap as property owners would like them being. For a growing family or for single tenants, the condo fees definitely have a toll on their budget.
Leave behind total silence and privacy
Singapore condo unit owners are partners along with the rest of the home people who just love the complex. Typically there will be more than four condo units in every floor, depending on the area of the complex. Literally, units are separated by walls. Lucky for individuals who live close to people who like serenity and peace, but living next 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 rest of the structure with the building as well as the land is distributed to other condominium unit owners. Also, unlike townhouses which may have verandas, garages, or garden, condo living is restricted to the four spaces of a unit. Families with children will see that it is a challenge to have their young confined in their Singapore condos. That's where the club amenities seem useful. There are lots of Singapore condos that offer excellent amenities aside from beautiful units. When buying condos, look at the amenities provided to compensate for the possible lack of personal space.
When the time comes a condo unit owner decides to sell his unit, it could take longer than expected to resell it. Today, it is easier to purchase a property rather than to resell it. Singapore condos relatively have higher market value due to the location; the resale value remains competitive years following the purchase.
Achievable home owners, condo living still remains a better choice and many are willing to overlook the cons.
