Are You Considering These 4 elements Before Buying a Condo?4326983
If you are a potential buyer and are yet to choose whether you need a single family home or a condo this article is made for you. People generally settle for condos because of the fact that taking care fees of amenities like pool, garden, lawn, badminton court etc are shared with other residents with the housing complex. However, there are people who are not really interested in sharing these facilities with others-meaning they want to enjoy complete ownership of each square inch of the home owned by them. These are the individuals who prefer single family homes instead of condos. Here is a rundown around the factors that you simply should consider while investing in a One-North Eden Showroom. Continue reading!
A few exactly what to keep in view while investing in a condo!
Location: Location from the condo produces one of the most important factors judging its suitability. A remotely located condominium - regardless how cheap it's - would ultimately turn into an expensive proposition over time if you have to avail the help of cars/bus/cabs etc to access the local market, school and clinic. So, be certain that you're zeroing in with an option after considering this factor closely. In this connection, it must be mentioned that Leedon Green might grow to be an ideal choice!
Besides, the position of the complex, you should always be considering the placement of your own private suite inside complex. As an example, if your suite can be found too close to party rooms, it will lead to inevitable noise concerns. Similarly, the elevation from the suite will get a new street noise factor. Consider lakeville residence at Jurong Lake for a hassle-free living experience!
Cost: The cost of the condo varies with several factors including
-The location from the condo -Its size -Upgrades (if any) Though the maintenance (of the amenities, as stated before) fee can be shared, it must be remembered it (taking care fee) is too high in the event of some housing complexes. The high fees should infallibly be added to the mortgage payment for loan approval.
You need to secure quotes from the 3 condo owners before zeroing in on your own choice. If you are buying a resale unit, and then make sure you might be closely taking into consideration the fees as compared to the similar buildings with units of comparative size.
Regulations: The usage of the condo facilities is governed by a set of rules and regulations. The Condo Associations are responsible for ensuring that these rules are not flouted. It is very important to get a potential condo buyer to know these rules before choosing the property. Needless to mention, an attorney may be of great help. It's also wise to 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 definitely live in proximity with neighbors. You might as well wind up sharing room walls using them as well. Learning about the neighbors (whether in any way you would be co-exist peacefully within the same complex or otherwise) would be critical, too.