Buying a condo is becoming a trend for families as well as the Millennial. People want to live in a place that is easy to maintain and accessible and of course, lower prices! Everyone in their life starts from buying a condo and move towards a family home.
If you are planning to buy a condo to escape from home and run towards freedom or because you have a baby on the way, sit back and consider all the pros and cons of the condo owners. After this article, you will easily be able to decide about your condo ownership. There are some condos like parc central residences by hoi hup, hoi hup Tampines etc.
- Hassle-Free Maintenance
One of the biggest reasons people are propelled towards buying a condo is because of the small space. In urban cities, everyone is busy maintaining a social life and professional life. In between, to maintain a house is difficult. Condos are small and homely as well as easy to maintain.
Condos offer the best amenity of security. They have locked doors or a guard at all times. Forced entry is not possible. The condos also provide a gym, pool, garden, and parking to the owners. Albeit you have to pay the fees, but no home comes with ready amenities.
- No Privacy
Condos are similar to apartments. You will have to tolerate the neighbour’s baby crying at night, the grandma who makes noise with her stick, a teenager partying and the casual neighbours going up and down. People often find it hard to have a quiet and private time in a condo.
The HOA that isn’t paid will not allow a loan to pass. The underrated HOA will make the impression that the condo is worse for wear and nobody wants to stay there. An HOA that is overrated will be out of budget for many. If you are planning to buy a condo for investment, it isn’t a good idea.