Tips on buying a condo
Introduction
For any individual or family who wishes to buy a home, it is not a simple decision. Buying real estate takes a lot of planning and research, and if you live in Singapore, you can consider Grandeur Park Residences CEL which is going to launch soon near the Tanah Merah MRT station.
Buying condominiums
If you are in the market to purchase a home, there are a few simple steps that you must follow in order to ensure everything goes smoothly. In this article, you will find some basic rules that will help you make the right choice.
Your budget
Since property in this country isn’t cheap, you must ensure you have the required finances to buy a condo. Not everyone has a bank account full of money to go out and purchase a home for cash. Most people rely on housing loans in order to buy the apartment they want. Sit down and check your finances. Speak with your bank manager regarding the amount of loan you would be able to take. After that calculate your monthly repayments and ensure you have enough to manage.
The location
With any property, location is one of the most important things. One thing good about Singapore is that everything is nearby, but sometimes traffic can be murder. Having your condo close to public transport like the MRT or a bus stop can be a plus point when deciding on the location. You must also consider the proximity to schools and hospitals and shopping areas which are important if you have a family.
Building facilities
It is important that you consider the amenities that the building will have. Most condos will have a few shops on the ground floor which would include, laundromats, convenience stores, and a few food stores. If it also has a gym and a swimming pool, that would be an added advantage. You must find out if there are additional fees if you wish to use certain facilities because most condos will have a maintenance fee which must be paid monthly by each unit owner.
Get everything in writing
If the condo you are considering has not been built yet, make sure you have a clear idea of what your unit will look like. The developer will have a demo unit which you can have a look at before you pay a deposit. Also, make sure you have everything in writing so that you will not get any unwanted surprises later.…
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