Guide for Buying Condos
A condominium or as is referred to more condo; a condo is an apartment housing option. When you own a condo, you don't only own the living place but you also own the land on which it is standing. At the same time, there are monthly fees that need to be paid for the maintenance of the common vicinities.
Commonly the condos are over all managed by the property owners; you have the right to do anything to the inside of your unit but not the outside. So be careful and be satisfied while signing the contract of the purchase of the condo to avoid later on disputes.
The process of purchasing a condo is the same as buying a house. The only difference seen is in the splitting of ownership with the other partners sharing the common areas. It is calculated that condos are cheaper than other properties on real estate purchase. It is an excellent alternate for individuals who seem to travel a lot. Condos usually come with kitchens and bedrooms.
Condos are a perfect purchase especially if you see that you don't have to look at harassment over maintenance or security or even repairs. They are luxury housing options at the same time they are not over the top expensive. Amenities such as health clubs or pools are also attached to the deal. Do check however the parking spaces.
Before deciding to make a condo purchase, question yourself on line of a few basic points such as;
- The city area that is best suited to your lifestyle choice
- The condo type you are opting for
Parc Komo Freehold. Former Changi Gardens Enbloc By Chip Eng Seng Group. Ar Changi North. Developed by CEL. Parc Komo. Parc Komo showflat is a freehold low-rise residential development with 276 units of 1 to 5 bedded, in an exclusively private housing estate near Changi Airport. It is located at the junction of Upper Changi Road North and Jalan Mariam, beside rows of semi-detached houses in a quiet neighbourhood and will likely be the most affordable upcoming freehold launch.
When the housing market is in the dumps, many would-be homeowners look to condos as a nice second choice. Many first time home buyers look into the condominium world even in a good housing market. There's no doubt about it: buying a unit can be a great investment. You will still get the benefits of property appreciation more often than not, it doesn't come with many of the demands that full scale property ownership comes with, and it can easily be turned into a profitable sub-lease if you choose to move later on. Just as with buying a house, however, there are some important considerations when purchasing. Here are three matters you should consider before signing on the dotted line.
If you've ever gone apartment hunting, you'll already know the basics of shopping for condos. And one of the most important aspects of apartment hunting is looking at the exterior. It can tell you a lot about the place you're about to live. Generally speaking, you aren't going to find condominium complexes that are as run down and scary as some of the shadier apartment complexes, but that doesn't mean you shouldn't pay close attention. Look for things that could become a problem later. Are their railroad tracks running near the building? A beautiful place to live can be ruined quickly when you're woken up at 3:00 in the morning by a rumbling freight train. Look at the maintenance of the grounds for a good indication of how committed the property managers are to keeping a nice area.
Parc Komo Freehold article source from http://singnewhomes.com/parc-komo-showflat-location/