August 16, 2022

The term condo refers to condominiums. A condo is typically the only unit of a multi-unit real estate. It’s an apartment or a community which resembles an apartment. Additionally, it could contain public areas, pet-friendly areas, fitness centers, pools, playgrounds and parks, to mention some. In this post, we’re going to provide some tips to assist you in buying a house. Find out more.

1. Think about your lifestyle

If you’re not one mow your lawn, condo living could be the perfect option for those who don’t like to mow the lawn. If you are unable to be able to afford $5000 for the HVAC unit, you might think about this option. However If you prefer having a huge backyard, you could consider an alternative type of home like townhouses.

Similar to that, If you’re not a fan of having sharing the ceilings, floors, and walls in your home with your neighbors, then a condo might not be the best option for you.

2. Find a good Realtor

Be sure to find an experienced real estate agent if you decide to purchase a condo. It is recommended that you choose someone with an excellent track record and lots of experience in the field. They can guide you through the procedure 

ATLASSIA A nostalgic character in the heart of the Rich, old world charm of Heritage Joo Chiat estate.

 

▪️Brief Summary

• District 15

• Excellent Connectivity – within 15 mins leisure stroll to almost everything you need

• 1min walk to bus stop > 5 bus stops to Dakota MRT

• Short drive to East Coast Park, Marina Bay, etc.

 

▪️Project Brief Info.

• Mixed Development

• 5-Storey

• 31 Residential Units (1BR to 5BR)

• 6 Shops (732-1022 Sqft)

• 2 Restaurants (1054-1474sqft)

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The agent who is selling your house may have an excellent idea of developments happening in your neighborhood and any problems they might face.

3. Decide on the Type of Amenities

Condos can provide a list of amenities. If you have an experienced realtor, be sure to inquire about the amenities available in your neighborhood. In addition, you must consider other factors that are important, like your budget and the area. This will assist you in finding the most suitable location.

Do not forget to remove things you don’t want to have, like swimming pools. However, having these facilities is be worth it since they can add to the appeal of your property.

4. Look for an FHA-Approved Condo

A mortgage on your condo is more complicated than other kinds of properties. The reason for this is because the construction of your condo could be scrutinized, including your financial situation.

If you visit the website of the FHA You will find the list of condos that have been approved by the FHA. We recommend that you seek advice from an experienced mortgage expert.

5. Find out About the Maintenance Aspect

It is essential who is responsible for the upkeep of the condo. In the end, you do not want to be in a property that’s not maintained properly. In addition the poor management could have a an adverse effect in the worth of the home.

It is therefore sensible to determine who is responsible for the care and maintenance on your home.

6. Consider the Association Fees

In addition to the mortgage, ensure you take into account the fees for condo association in addition. When you look over the charges and you’ll be aware of what they include. The services typically include the cleaning of the common spaces, grass maintenance and snow removal to mention some.

It is a good idea to be aware of the rules of the neighborhood. There could be limitations on noise levels. If you are aware of these rules beforehand, it will aid you in determining if the community is the best one for you.

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