The Pros And Cons When Surviving in Singapore Condos8629295

Moving in to a condominium is really a dream become a reality for many young professionals and families today. What many don't realize is that condo living differs 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 could be the most evident.

Families and individuals who consider relocating to a condo will love the amenities including 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 @ Beauty World and lease these phones BPO employees. Even though many decide to buy, there is certainly 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, which cover 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 they are almost always less cheap as home owners would like them to become. For a growing family or even 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 with the remainder of the home those who own the complex. In most cases there will be more than four condo units in each 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 next to a couple who perpetually argues can be bothersome.

Owners only have rights for the interior walls of these units. All of those other structure from the building and the land is distributed to other condominium unit owners. Also, unlike townhouses which have verandas, garages, or garden, condo living is fixed 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. This is when the club amenities seem useful. There are numerous Singapore condos that offer excellent amenities apart from beautiful units. When buying condos, look at the amenities offered to compensate for having less personal space.

When the time comes a condo unit owner decides to offer his unit, it may take longer than anticipated to resell it. Today, it is easier to obtain a property than to resell it. Singapore condos relatively have higher rate due to the location; even 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.