The Pros And Cons When Surviving in Singapore Condos7954889

Transferring to a condominium is really a dream come true for many young professionals and families today. What many do not realize is that condo living is unique in many aspects. Those accustomed to living in single unit houses will surely 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 such as swimming pool, gym, basketball court, or tennis court. Accessibility-wise, most Singapore condos are situated in 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 house buyers today purchase The Linq At Beauty World Showflat and lease these to BPO employees. While many decide to buy, there is certainly still a big part who would rather rent.

Adjustment phase: Prepare to pay for condominium and association fees

Many condos require monthly payment of association fees, which cover repair and maintenance of common aspects of the building. Homeowners are only accountable 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 would 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 not as cheap as home owners would like them to be. For a growing family or for single tenants, the condo fees definitely require a toll on their own budget.

Bid farewell to total silence and privacy

Singapore condo unit owners are partners with the remainder of the home people who just love the complex. Generally there will be greater than four condo units in each floor, with respect to 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 close to a family especially with children or close 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 may have verandas, garages, or garden, condo living is fixed to the four spaces of a 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 offer excellent amenities aside from beautiful units. When buying condos, think about the amenities provided to compensate for the possible lack of personal space.

When it's time a condo unit owner decides to market his unit, it may take longer than anticipated to resell it. Today, it is easier to buy a property than to resell it. Singapore condos relatively have higher market value due to the location; even the resale value remains competitive years following your purchase.

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