Recently in Singapore, condo sales have finally started to rise again. That may be especially so for condominiums located in the city area, due to the attractive convenience of staying there.
With prices of private real estate houses soaring to stratospheric levels, a condo is a far cheaper alternative. You can have a comfortable environment to live in, with plenty of amenities at your disposal. Amenities usually include a swimming pool, gym and function room for you and your family to enjoy.
Although it may be difficult to find an excellent condo in Singapore, this article will highlight some tips to make your search a little easier.
Hire a Realtor
Before you start searching for a condo, hire a professional realtor. The realtor will assist you with the purchase process, and it won’t cost you too much to hire one. Advice from a professional will make the process a lot smoother, and put your mind at ease.
Get a lawyer
Get a lawyer and seek financial advice. You need to be sure that you can afford the property without getting into debt. Remember to create a budget, which will contain lawyer’s fees and closing costs as well.
After doing all that start your hunt for an excellent condominium in Singapore. While you are condo hunting, you’ll find different types of condos such as the high-rise, low-rise or those that have certain special amenities.
Search for a larger condo
When it comes living in a condo, it may be best to find that largest one within your budget. That is because it is usually a lot easier to sell a larger condo as opposed to smaller apartments. Hence, not only will a larger condo be more comfortable, but it will also be easier to sell in the future if you choose to.
Pick one with a fantastic view
A condo with a breath-taking view of the city is a great deal as well. Such views can be therapeutic and help you relax after a long day at work. It’ll make coming home every day more appealing.
Find out about the taxes on the property
Are there maintenance fees for the property? Is it paid monthly or bi-weekly? Are there additional taxes on the property? All these factors must be considered so that you can budget properly and avoid exceeding your budget.
Visit the condo twice before paying
Before you close any deal, visit the condo twice at different times of the day. You can visit in the morning and evening to observe the environment. Since you will be moving into the neighbourhood, find out what other condos in the area have sold for. Your realtor may have this information so you may not have to go through the trouble to know.
Discuss the price with your realtor and be ready to take the professional advice. The lawyer can help you to review the condominium documents and ensure that you get a good title.