The Pros And Cons When Surviving in Singapore Condos5997904

Relocating 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 unique 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 people who consider relocating to a condo will enjoy 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 so they make a great investment. Some homeowners 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 fund condominium and association fees

Many condos require payment per month of association fees, which cover repair and maintenance of common regions of the building. Homeowners 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 employed to maintain the facilities and amenities provided by the real estate. These fees vary, but they are almost always much less cheap as property owners would like them being. For a growing family or for single tenants, the apartment fees definitely have a toll on the budget.

Say goodbye to total silence and privacy

Singapore condo unit owners are partners along with the rest of the home those who own the complex. In most cases 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 individuals who live alongside people who like serenity and peace, but living next to a family particularly with children or close to a couple who perpetually argues may be bothersome.

Owners only have rights to the interior walls of their units. The remainder of the structure from the building and the land is distributed to other condominium unit owners. Also, unlike townhouses that 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 maintain their young confined of their Singapore condos. This is where the club amenities seem useful. There are many Singapore condos that offer excellent amenities besides beautiful units. When buying condos, consider the amenities provided to compensate for the lack of personal space.

When it's time a condo unit owner decides to offer his unit, it may take longer than anticipated to resell it. Today, it's 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 following the purchase.

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