The Pros And Cons When Residing in Singapore Condos8934231
Relocating 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 differs in many aspects. Those used to living in single unit houses will certainly 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 people who consider relocating to a condo will love 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 plus they make a great investment. Some homeowners today purchase The Linq At Beauty World Showflat and lease them to BPO employees. Although decide to buy, there is certainly still a majority who would rather rent.
Adjustment phase: Prepare to cover condominium and association fees
Many condos require payment per month of association fees, that go over repair and maintenance of common areas of the building. Property owners are only accountable for repairs and maintenance inside their own units. In Singapore condos, most condominium associations set aside 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 used to maintain the facilities and amenities offered by the real estate. These fees vary, but are almost always much less cheap as homeowners would like them to be. For a growing family or perhaps for single tenants, the condo fees definitely require a toll on their own budget.
Leave behind total silence and privacy
Singapore condo unit owners are partners along with the rest of the home owners of the complex. Generally there will be more than four condo units in each floor, with respect to 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 alongside a couple who perpetually argues could be bothersome.
Owners just have rights to the interior walls of the units. The remainder 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 discover that it is a challenge to have their young confined of their Singapore condos. This is where the club amenities seem useful. There are numerous Singapore condos that provide excellent amenities besides beautiful units. When choosing condos, look at the amenities offered to compensate for the possible lack of personal space.
When it's time a condo unit owner decides to market his unit, it might take longer than anticipated to resell it. Today, it is easier to buy 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 the purchase.
For first time home owners, condo living still remains a more sensible choice and many are prepared to overlook the cons.
