Viral Home Ideas
Condo living has become the latest trend of the modern populace because land properties are simply no longer sustainable, especially in areas with a high population density. In Singapore and Hong Kong, for example. People have no other choices but to live in condos and apartments. But it is not as grim as you think. Let’s take a look at Clavon Condo, for example. This condo is surrounded by green views, and yet it has easy access to the town’s major amenities.
Below, let’s explore the reasons why condo living is perfect for modern people.
If you buy a conventional house, it may not include a gym facility, swimming pool, or maybe even a driveway. Those facilities will be considered extras that you will have to build by yourself. In a condo, your purchase will include all those facilities. You can also calculate how much it will cost if you are to try to build those facilities on a single-family detached home. It will surprise you for sure!
Housing complexes are rarely located in a commercial area. Condos, on the other hand, are typically built in a commercial area. You will live close to malls, transportation hubs, hospitals, shopping areas, and even the big companies in town. This feature is exactly the one that is nearly impossible to achieve if you live in a conventional house.
Condo living means freedom from mowing lawns, removing trees, or replacing broken roof shingles. The building will be under the supervision of the condo management. In this modern life, your career is the most important thing. If you opt for a single-family detached home, your time will be wasted on doing the maintenance.
Rentable for Profits
If you are like most people who love travelling, the chances are that you are not going to stay in the condo for the whole year. In that case, you can rent your condo and get profits. If you buy a conventional house, this is not always an option because not all housing complexes are built near commercial areas. Besides, the idea of renting a whole house is not appealing to many people.
Top Grade Security Services
Living in a condo will grant you the safety that you can’t get from living in a house. If you are to install your own security cameras and hire guards, your annual expense will spike for sure. Besides, such safety measures are not applicable to some houses. …
When looking for a property to invest your money, you have many options to choose from, and they come in various forms, shapes, and sizes. In an urban setting, housing options for someone who has a budget like you may include detached homes, condos, and apartments. A condo unit, which is a cross between a detached home and an apartment, may seem to be the best option.
Buying a condo means outright ownership of the unit. Unlike when buying a detached home that you also have to buy the lot on which the house is standing, buying a condo only accounts the floor area of the condo. You only own the unit but do not share ownership on the lot. Apartments are usually leased out by owners.
Investing in a condo can be the best decision when you are bent on investing in some real properties. For the following reasons, you should start looking for a condominium that is located in a strategic location like Penrose Sims Drive in Singapore. You will forever be grateful for buying a condo unit, for sure.
Outright Ownership at More Affordable Prices
You are entitled to own your condo unit when you are able to give the last installment of your payment, or if you buy the whole payment at once. By buying only the condo unit, it is way more affordable than buying a house and lot. You will also realize that it will cost you less than paying your monthly rental when opting for an apartment to rent.
Another Source of Monthly Income
When you are buying a condo with an intention to rent it out to tenants, you may be able to have the return of your investment in a couple of years. When your condo is located on some prime areas in the metropolis, there will always be happy clients to rent it from you. You can also let it be rented by transients if the location is on some tourist or business sites.
Assured of Increased Market Value
Living in a condo will still be the trend among city dwellers for many generations to come. With a strategically located condo, you are ensured that its market value can even double in the coming years. When you buy condo units intending to sell them in the future, this time is the perfect moment to do so. You not only be assured of the return of investment but with big, big profits that will come along.
Indeed, investing in condos can be the wisest decision when planning on investing on real properties. You will not only be saving on money, but you will have the potential of earning more.…
If you think that buying a regular house is cool, wait till you see how opulent and breathtaking condos from OLA EC are! In the current times, many homeowners have opted to buy condos. Some do it for renting and speculation, but still, some buy them as a family home. But regardless of the reason why you as an individual will like to buy a unit, there are important facts that you must consider. Below is a quick look at some of those facts you need to know before buying a condo.
Without a doubt, the developer should be the first point to consider. A quick search on your browser, you will notice that the number of condo developers is on the rise. This means that the number of substandard projects is likely to be on the rise. To make sure you are buying the perfect condo, you need to find an experienced developer with multiple highly rated building projects.
The next point but equally important is the location. You do not want to stay in a place that is miles away from the amenities you need daily. If you desire to spend time close to the beach and enjoy the sunshine, you should go for a unit on the beach. But if you want to stay closer to your place of work, then going for a condo located near that place is the way to go.
Considering the space is also very important when making a decision to buy a condo. For those who do not have a family and only need a small space, going for a one or two bedroomed unit will be a perfect choice. But for those who have a family or like to entertain friends, going for a more spacious unit is the way to go. But remember the more the space you need to more you are likely to pay.
Cost and Financing
Though written here as the last point, cost and financing is the ultimate determinant of the unit you will be able to buy. As a fact, many people do not have the whole amount needed to pay for a condo unit. But this should not stop you because there are many mortgage financing institutions that are ready to give you financial help. However, you need to understand the terms and conditions before accepting the loan.
If you take into considerations the above points buying your new place will be easy and efforless.…