Are You Considering These 4 elements Before Buying a Condo?3673624
If you are a potential buyer and are yet to choose whether you want a single family house or a condo then this article is made for you. People generally be satisfied with condos due to the fact that the constant maintenance fees of amenities like pool, garden, lawn, badminton court etc are shared with other residents of the housing complex. However, you can find people who are certainly not interested in sharing the previously mentioned facilities with others-meaning they wish to enjoy complete ownership of each and every square inch of your home owned by them. These are the basic individuals who prefer single homes instead of condos. Listed here is a rundown about the factors which you should consider while buying a One-North Eden Showflat. Keep reading!
A few points to keep in view while purchasing a condo!
Location: Location from the condo creates one of the most critical factors judging its suitability. A remotely located condominium - regardless how cheap it's - would ultimately turn into an expensive proposition in the end if you have to avail the help of cars/bus/cabs etc to gain access to the local market, school and clinic. So, make sure you are zeroing in by using an option after considering this factor closely. In this connection, it must be mentioned that Leedon Green might turn out to be an ideal choice!
Besides, the positioning of the complex, be certain that you're considering the placement of your own private suite inside the complex. For example, if your suite can be found too close to party rooms, it's going to lead to inevitable noise concerns. Similarly, the elevation with the suite will get a new street noise factor. Consider lakeville residence at Jurong Lake for any hassle-free living experience!
Cost: The buying price of the condo varies with several factors including
-The location of the condo -Its size -Upgrades (if any) Though the maintenance (from the amenities, as pointed out above) fee can be shared, it ought to be remembered it (the constant maintenance fee) is too high in case of some housing complexes. The high fees should infallibly be added to the mortgage payment for loan approval.
You should secure quotes from the 3 major condo owners before zeroing in on your own choice. If you're buying a resale unit, and then make sure you might be closely thinking about the fees in comparison to the similar buildings with units of comparative size.
Regulations and rules: The usage of the apartment facilities is governed by a set of regulations. The Condo Associations are accountable for ensuring that these rules are not flouted. It is very important for any potential condo buyer to know these rules before choosing the property. Needless to say, an attorney could be of great help. You should also remember the proven fact that there are a few condo associations which aren't approved by lenders because of several factors.
Neighbors: Unlike detached homes, a housing complex requires you to definitely live in proximity with neighbors. You may as well wind up sharing room walls using them as well. Discovering the neighbors (whether at all you would be co-exist peacefully within the same complex or otherwise not) would be critical, also.