Condominiums are trendy in this generation. There has been an increasing number of development of high-rise and mid-rise condominiums, especially in the metro. In major cities such as Singapore, condos are prominent. Condominiums make up the overwhelming majority of available residential housing in this country. Buying a unit in a condominium is usually more viable in terms of budget, like for example, the Mountbatten Residences price, you can buy it in pre-selling, so it has easier payment terms.
More and more people nowadays are opting “the condo” living because of its benefits.
Most condominiums have a convenient location. It’s in the city, close to work, or the bus station, there’s a mall nearby and other establishments, you don’t have to go very far. You also have a property management on-site, so when you need help on setting up utilities or repairs that need to be done, they can assist you with this.
Safe and Sound
Condominiums has security on site 24 hours a day and seven days a week. A non-resident can’t just go in and out of the building. They are required to leave identification with security. There are also rules that unit owners should follow that won’t disturb the neighbours. And even if you travel for a long time, you can live your unit safe and sound without worrying about the security of your house.
Most condominiums today, especially those recently developed, has a lot of amenities that residents can enjoy for free. You usually have your gym, swimming pool, multi-purpose hall, and a park. Some luxurious condominiums feel like you live in a hotel. Although, you have to keep in mind that the more amenities you get, and the more luxurious it is, the more expensive the unit will be.
When you have your own unit, you don’t necessarily have to live there. You can have it rented out, which can be an addition to your monthly income, or the rent fee could be used as a way to pay the mortgage. You can also wait and re-sell it when the value increases. It’s basically another real estate investment.
Owning a house is harder to maintain. It’s a bigger space, and you have gardens and house exterior to maintain continuously. When you live in a condominium, you only have to worry about your unit. The garden, exterior and other amenities of the condo are handled by the property management. You only have to pay monthly association dues, which is worth what you’re getting.
Living in a condominium has a lot of benefits. If you think about it, it makes our life more comfortable. Maybe try and check out some open houses today so you can have a feel of what we’re talking about.