Key Factors To Think About When Buying A Condo


Condominiums are fast becoming the premier home option in Singapore. With a condo such as Mayfair Gardens condo, the problems of maintenance and repairs are off your chest. Additionally, because of its many communal facilities, you won’t have to worry about having to care for the gyms, gardens, or swimming pools. All these will be taken care of by the condominium association. All you have to do is relax and enjoy its many benefits.

But before you begin to enjoy these benefits that come with owning a condo, you need to go out there and find the right condo that suits your needs. That is where lies the primary challenge. Whether you are purchasing a condo to live in or to sell later, you need to go about it cautiously. Once the deal is struck, you are stuck with the property for better or for worse, unless otherwise. Reversing the whole process may involve a fierce court battle but which you can avoid if you only consider the following factors before purchasing a condo:

The Amenities

Before buying the condo, check the amenities it offers. This should also help you determine if its price is justified. The amenities include, but are not limited to, a swimming pool, parking space, kids’ playground, Wi-Fi, party room and concierge or a caretaker. The more amenities, the higher the price. If you are buying the condo, you should be assured of high returns if it has many amenities.

The Location

Location is considered the most critical factor to consider when deciding which condo to purchase. Is it in a developed or developing neighbourhood, or is it an area that has a low concentration of human traffic? Look out for schools or shopping malls that are near the condo too. Again, you have to consider how secure and convenient the location is. Accessibility and security are some of the significant concerns when determining if the location of a condo is suitable for you.

The Rules

Unlike living in bungalows where you set your own rules, living in a condo means your freedom to live as you like is curtailed to some extent. You may learn that pets are not allowed, or only certain dogs are not allowed. Renovation without permission may also be prohibited. You should find out about the governing rules before making up your mind to buy or not. Some condos may have rules that can be inconvenient to your lifestyle, so ensure that the rules in place are something you can abide by.

Size

It is not unusual to hear of someone who bought a condo only to find his furniture can’t fit in or that he has just too many items to fit in the unit. It is wise to check the size and shape of the furniture so that it can fit in your condo unit. If you have a large family, go for a condo that will comfortably accommodate you. Some rooms are not tall enough, from the floor to the ceiling and this can limit your choice of furniture.

Again, the size of the condo should determine the price so make sure you know its exact size before you arrive at the negotiating table. Condos like Fourth Avenue Residences condo is perfect for families looking to have a home that has a great size which is able to fit everyone.

Cooperation

You should also be concerned with how cooperative the community in the condo is. Since it’s the condominium association elected by the tenants that run the condo, if there is no cooperation among the community, everything will fall into disarray. There will be hardly any money to pay for regular maintenance as accusations and counter-accusations take centre stage.

So try to find out about the internal relationships. You want to stay in a peaceful environment where everything falls into place.

Conclusion

You should involve the professionals as you search for an ideal condo. There is much paperwork, and you could not be in a position to comprehend every clause. So that you are not taken advantage of, make sure you work hand in hand with a real estate agent, an attorney, and a condo inspector. Finally, Juniper Hill Condo is one condo you should consider purchasing for it is the ideal home for families in Singapore.

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