The Pros And Cons When Surviving in Singapore Condos5346120

Moving in to a condominium is a dream become a reality for many young professionals and families today. What many don't realize is that condo living is different in many aspects. Those familiar with 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 will be the most evident.

Families and people who consider relocating to a condo will like the amenities including swimming pool, gym, basketball court, or tennis court. Accessibility-wise, most Singapore condos are situated in locations near supermarkets, offices, schools, and hospitals.

Condos remain more affordable than townhouses or single unit homes and they make a great investment. Some homeowners today purchase The Linq At Beauty World and lease these phones 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 of association fees, for repair and maintenance of common areas of the building. Home owners are only responsible for 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 with 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 are almost always less cheap as homeowners would like them to become. For a growing family or perhaps for single tenants, the apartment fees definitely have a toll on the budget.

Bid farewell to total silence and privacy

Singapore condo unit owners are partners with the rest of the home those who own the complex. In most cases there will be a lot more than four condo units in every floor, depending on the area of the complex. Literally, units are separated by walls. Lucky for those who live next to people who like serenity and peace, but living alongside a family particularly with children or next to a couple who perpetually argues can be bothersome.

Owners only have rights to the interior walls of these units. All of those other structure from the building as well as the land is shared with other condominium unit owners. Also, unlike townhouses which have verandas, garages, or garden, condo living is limited to the four spaces of the unit. Families with children will find that it is a challenge to keep their young confined inside their Singapore condos. That's where the club amenities seem useful. There are lots of Singapore condos that provide excellent amenities apart from beautiful units. When buying condos, look at the amenities offered to compensate for the possible lack of personal space.

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

For first time home owners, condo living still remains a better option and many are able to overlook the cons.