The Pros And Cons When Surviving in Singapore Condos5083037
Moving in to a condominium is really a dream be realized for many young professionals and families today. What many don't realize is that condo living is different in many aspects. Those accustomed to living in single unit houses will surely 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 people who consider moving to a condo will love 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 are still more affordable than townhouses or single unit homes and 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 many 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 regions of the building. Property owners are only responsible for repairs and maintenance inside 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 utilized to maintain the facilities and amenities provided by the real estate. These fees vary, but are almost always not as cheap as home owners would like them being. For a growing family or even for single tenants, the apartment fees definitely take 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 people who just love the complex. In most cases there will be more than four condo units in every floor, based on the area of the complex. Literally, units are separated by walls. Lucky for many who live alongside people who like serenity and peace, but living alongside a family especially with children or alongside a couple who perpetually argues can be bothersome.
Owners just have rights to the interior walls of these units. All of those other structure with the building and the land is shared with other condominium unit owners. Also, unlike townhouses which may have verandas, garages, or garden, condo living is limited to the four spaces of the unit. Families with children will see that it is a challenge to keep their young confined inside their Singapore condos. That's where the club amenities seem useful. There are many Singapore condos that provide excellent amenities apart from beautiful units. When choosing condos, look at the amenities agreed to compensate for the possible lack of 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 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 after the purchase.
For brand spanking new home owners, condo living still remains a better option and many are prepared to overlook the cons.
