Are You Considering These 4 elements Before Buying a flat?8020806
If you are a potential buyer and are yet to choose whether you need a single family home or a condo then this article is made for you. People generally settle for condos owing to the fact that the constant maintenance fees of amenities like pool, garden, lawn, badminton court etc are given to other residents of the housing complex. However, you will find people who are not necessarily interested in sharing the previously mentioned facilities with others-meaning they wish to enjoy complete ownership of every square inch of the home owned by them. These are the individuals who prefer single family homes instead of condos. Listed here is a rundown around the factors that you simply should consider while buying a One-North Eden Singapore. Keep reading!
A few points to keep in view while investing in a condo!
Location: Location from the condo creates one of the most critical factors judging its suitability. A remotely located condominium - regardless of how cheap it is - would ultimately grow to be an expensive proposition in the long run if you have to avail the help of cars/bus/cabs etc to gain access to the local marketplace, school and clinic. So, make sure you are zeroing in on an option after considering this factor closely. In this regard, it must be mentioned that Leedon Green might turn out to be an ideal choice!
Besides, the position of the complex, be certain that you're considering the placement of your own private suite within the complex. For example, if your suite is found too near party rooms, it's going to lead to inevitable noise concerns. Similarly, the elevation from the suite will get a new street noise factor. Consider lakeville residence at Jurong Lake to get a hassle-free living experience!
Cost: The price of the condo varies with several factors including
-The location of the condo -Its size -Upgrades (or no) Though the maintenance (with the amenities, as stated before) fee may be shared, it ought to be remembered it (the constant maintenance fee) is simply too high in the event of some housing complexes. The top fees should infallibly be included in the loan 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 are closely considering the fees when compared to the similar buildings with units of comparative size.
Regulations: The usage of the condo facilities is controlled by a set of regulations. The Condo Associations have the effect of ensuring that these rules are not flouted. It is very important for a potential condo buyer to know these rules before selecting the property. Needless to say, an attorney might be of great help. You should also remember the undeniable fact that there are a few condo associations which are not approved by lenders because of several factors.
Neighbors: Unlike detached homes, a housing complex requires you to live in proximity with neighbors. You may as well end up sharing room walls using them as well. Learning about the neighbors (whether in any way you would be co-exist peacefully inside the same complex or not) would be critical, too.