The Pros And Cons When Surviving in Singapore Condos4081013

Moving in to a condominium is 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 surely go through a phase of adjustment after transferring to their new homes. For buyers of Singapore condos, financial changes could be the most evident.

Families and folks who consider transferring to a condo will like the amenities for example swimming pool, gym, basketball court, or tennis court. Accessibility-wise, most Singapore condos have reached locations near supermarkets, offices, schools, and hospitals.

Condos remain more affordable than townhouses or single unit homes and so they make a great investment. Some homeowners today purchase The Linq @ Beauty World and lease these to BPO employees. Although decide to buy, there is 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, for repair and maintenance of common aspects of the building. Homeowners are only in charge of repairs and maintenance in their own units. In Singapore condos, most condominium associations reserve 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 employed to maintain the facilities and amenities made available from the real estate. These fees vary, but they are almost always not as cheap as property owners would like them to be. For a growing family or even for single tenants, the condo fees definitely require a toll on the budget.

Bid farewell to total silence and privacy

Singapore condo unit owners are partners with the rest of the home owners of the complex. In most cases there will be greater than four condo units in each floor, depending on 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 alongside a family especially with children or next to a couple who perpetually argues may be bothersome.

Owners just have rights to the interior walls of their units. All of those other structure with the building as well as the land is given to other condominium unit owners. Also, unlike townhouses that 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 when the club amenities seem useful. There are numerous Singapore condos which offer excellent amenities besides beautiful units. When buying condos, consider the amenities offered to compensate for the possible lack of personal space.

When the time comes a condo unit owner decides to market his unit, it may take longer than likely to resell it. Today, it is easier to obtain a property rather than to resell it. Singapore condos relatively have higher market price due to the location; the resale value remains competitive years following the purchase.

For brand spanking new home owners, condo living still remains a more sensible choice and many are willing to overlook the cons.