Buying Guide For Singapore Condos
After years of renting, you finally have enough funds to buy your luxury condos. This is a major milestone that is certainly worth celebrating. Make sure that you cast a wide net during your search as you might uncover surprisingly good finds. Below are a few things that you should take note of while house-hunting:
Cost
This will be the biggest limitation that you will encounter. It is important to face it head-on from the start. Sort out your finances and check just how much you can afford to spend on this purchase. Do you have any other outstanding debts? How big is your income? How much of that do you save every year? Is it stable enough to enable payments for as many years as it will take? Are you willing to cut down on expenses to finance this purchase? Note the interest rate if you are going to get a housing loan. Shop around to find the lowest rates. Don’t worry if you do not have much money as there are cheap condos for sale in Singapore.
Location
Singapore residents are lucky to have an efficient and reliable transportation system. It can seem quite complicated at first but once you figure it out, you can go virtually anywhere within the country in no time at all. In this sense, location is not as important as it is in cities with heavy traffic and inadequate transportation options. You don’t even need to own a car since the trains, buses, and taxi cabs are more than enough. Living near a station will make life easier. Most sections are highly urbanized but there are some patches of green that should suit those who like to feel close to nature.
Amenities
Compare the amenities provided in different condo buildings. Some people value fitness, so they may be drawn to those with nice swimming pools and fitness centers. Check out the security systems as well for your protection. Is it easy for outsider to enter the building? Many offer electronic key cards and security cameras to prevent unauthorized persons from getting in. You might also want to have a balcony with great views or a nice big kitchen for cooking. There are units that come completely furnished and are ready for occupancy while others are bare to let your decide the final look.
Prospects
Think about how long you plan to stay in this condo. Do you see this as your long-term home? Are you starting a family? If so, then you might want a unit with ample space for future expansion. Are you going to sell this after a few years? Then consider areas that are filled with major development projects. Prices may be cheap today but they can quickly rise after everything has been completed.