Your Checklist When Finding the Right Condo
In a place like Singapore, you’ll be amused as to how vast your choices are when it comes to renting or buying your residence. This comes with now knowing precisely what you are looking for when you are canvassing for a property. As a guide, here is a checklist you can utilize when scouting for properties around Singapore.
Assess Your Financial Capability
Living alone for the first time can be quite exciting, and at the same time, anxiety can kick in. After you’ve determined you are ready, focus on what’s essential: assess your capability to rent or buy a condominium. Keep in mind that aside from the mortgage, you will have to pay for association dues, taxes, and utilities. Make sure you have money allotted for these future expenses.
Determine Its Location
Once you have assessed your financial capacity, determine the location you desire that would fit your lifestyle.
Here Are the Things You Have to Consider:
- Neighborhood’s security – Are there any security cameras available? Are security guards available 24/7?
- Proximity – Proximity to your workplace will be convenient and would save you extra cash allotted for your transportation supposedly.
- Traffic – Heavy traffic could eat up much of your time and could result in less productivity and more stress. Consider this when buying and renting your condominium.
Determine Its Reputation
When looking for your future condominium, make sure that the property developer has a solid reputation. If you are dealing with real estate agents, it would also be recommended to check if he or she is a licensed agent and do a background check if possible.
Explore Its Amenities
With the acquisition of a condominium comes with access to luxurious amenities that most residential properties do not offer. Although sometimes, immediate access to each may not always be possible. Are guests able to enjoy the facilities or require an additional charge? Do reservations have to be made? An amenity may be a bonus, but remember that a huge number of residents share the same benefit.
Familiarize Yourself With House Rules and Regulations
There are lots of questions asked by first-time condo buyers. What is the maximum number of tenants or guests allowed? Are pets allowed? Until what time is the curfew? Are parties allowed? Living in a condominium is a shared responsibility that is why rules and regulations are strictly enforced.
These are just a few things that could be asked and considered when buying your condominium for the first time. Consider every possible risk and benefit so that you are more than prepared to start your new life.