Condo

A Guide to Buying Condos for First-Timers

condo interior

You may hear how great it is to live in a condo. You’ll get to live in the hottest location, and you will also be pampered with all the amenities like a gym facility, a swimming pool, a park, etc. But now that you’ve got interested, and you are planning to buy a condo, you’re probably still confused about where to start. 

First, you can check Clavon to take a quick look at how a professional condo developer is supposed to market their units. From there, let’s discuss the details below. 

Learn the Ownership Law

The laws of property ownership vary from one country to another. And unlike a single-family detached home, if you buy a condo, you own the condo unit, but not the land and the whole building. The paperwork on this may get a little bit complicated, especially about the rules of condo improvements and renting. 

However, in some countries, the law can get specific. In Singapore, for example, there are two kinds of by-laws. First, the Second Schedule of the Building Maintenance (Strata Management) Regulations is constituted by the Building Maintenance and Strata Management Act (BMSMA). BMSMA is like the regulating institution of all condos in Singapore. Second, there is another set of a by-law that is made by condo managements. Different condos will have different rules regarding this second type of by-law. 

Now, back to the BMSMA, condo owners are not allowed to cause a disturbance, obstruction to common property, damage to the lawn, trees, and shrubs, to deposit rubbish and unwanted items on the common property, store flammable liquids, etc. You need to be aware of rules like this before you decide to buy a condo. 

Assess the Location

a crowded districtLiving in a condo is common in urban areas because condos are often strategically located there. If a condo unit is too far away from the central district, there is no reason to invest your money here. In other words, location is a critical aspect to consider when you want to buy a condo. 

However, some condos may not seem like they possess an immediate location benefit. And that is because the developer may have seen some potentials that are not obvious to you. If you see such condos, you should learn the city’s development projects. There may be malls, companies, universities, or other commercial attractions in the next two or five years. In that case, you’d better buy a condo there before the price spikes. 

Evaluate the Pricing

stacked-up coinsThis step requires you to do a little bit of research. First, you have to know the average price of condos in the selected area per square feet. Second, learn about past sales of condos in the neighborhood. If you can’t get this information, you can hire a realtor to consult. Third, you need to scrutinize the offered floor plans of the condo. You should check if the price you are paying is worth it. 

Moreover, if you are applying for a mortgage for the condo, you need to consult a financial advisor. Closing cost, lawyer fees, property taxes, levies, monthly utility fees, monthly condo maintenance fees, and insurance are the topics that you must discuss. 

Top Advantages of Condo Living

condominium unit

One of the most significant snags with purchasing a condominium is that most of them come with complex ownership structures. With condo living, there are a lot of benefits that you will get. Therefore, ensure that you find the right condo unit that has all the amenities that you want. The Penrose condos are among the best condominium units that you can consider buying if you wish to live comfortably, enjoying all the amenities that you want. Therefore, let’s discuss the top benefits of condo living that you need to know.

Less Costly to Maintain

condosWhen you are the sole owner of a home, this means that you are responsible for entirely all the expenses that are associated with your homes like roof repair, plumbing, and gardening. Immediately you manage to manage to buy a condo; this means that you will not be responsible for catering for such expenses.

It is essential to understand that condo living has got a lot of benefits once you manage to purchase the perfect condominium unit. Even if these units are not cheap, you will realize that once you are buying them, there is no more stress about the maintenance costs. On the other hand, they have property managers who will help to manage all forms of work required to keep the condo in a satisfactory condition.

Accessible Locations

When most homeowners are looking for a condominium unit, most of them tend to consider looking for the ones that are in urban areas. But most of these condo units are built-in high locations. Once you choose these modern condos, this means that you will be staying in the regions that are easily accessible at any given time. If you prefer living in urban centers, ensure that you consider condo living.

Tight Security

Another crucial benefit that you will get when you buy a condo unit is that they have tight security. These condominium units have fences and gates with restricted access. In other words, this means that only allowed residents are required to access the premises. Lastly, they have professional security guards who help to make patrols even during the night.

Enjoy Extra Amenities

Most of the modern and professional condominium units have ample amenities that will make most residents happy and comfortable. If you have been paying for the gym and swimming pool sessions, it is crucial to understand that you can get them for free once you buy a condo unit. Apart from enjoying these amenities, condos will also help you to save a lot of money and time.…

What You Get from KI Residences

condominium

Singapore consists of residential with luxury and residential apartments. These are residential areas that offer their residents a supervised neighborhood that not everyone can access. Space is a great way to give residents a beautiful park landscape, even though residents and cars do not drive there every day. It is good to mention the fact that security assists residents living in luxury and residential apartments. The security is attained by creating an incredibly safe and secure place where residents can feel that they are at home, only at KI Residences.

 

Safe Life

One of the responsibilities of such a society is the safety of the residents who live there. That is most common in closed rental complexes that prevent random people from entering the area. Only guests and residents are admitted. The security makes the place safe, and people can stroll on the avenues without the of worrying. Security also ensures that the night is quiet and no noise to sabotage your sleep. All residents can enjoy the outdoors, knowing that there is nothing that can disturb their peace of mind.

 

residence

Car Security

Many residential areas of this kind have a garage for residents. This way, several vehicles can be secured in a safe place, a place that only owners can use. Carports are great because they protect vehicles from any bad weather, rainwater, or falling objects. Not to mention you will know for sure that you will not scratch any other car or spoil your vehicle in any way. For those who need car parking during the wet weather, a garage is an ideal choice.

 

The Department of Security

Some residents choose to live in a luxury apartment because they know that each apartment benefits from some security system. Restricted areas prevent strangers from going to these places or destroying belongings and property. All residents will benefit from quiet days and weekends and will be able to forget vendors who move from door to door. Many residences work hard to identify non-residents. If you are new, the authorities need to know you.

 

Stylish Accessories

Many of these residential areas feature elegant amenities such as granite roofs and beautiful floors. If you have a fixed budget, you will love these things. That is why KI Residences are the best in all of the above aspects. It has all the security and housing features you may need at any time. If you need a quiet life outside the city craze, KI Residences is the best for you.…

Tips for Purchasing Your First Condo

top condos

Purchasing a condo is quite different from getting a single-family home. There are certain considerations you need to take into account before buying. In most real estate markets, buying a condo comes at a lower price as compared to buying a single family residence. Usually, condos offer a lot of services that include fitness centers, tennis courts, swimming pools, and more. A lot of people buy condos because of their lifestyle and less maintenance involved.

When buying a condo, it is essential to know that each condo is quite different. It is vital to know each community that has its own rules, management company, amenities, and association fees. Depending on where you want to live, there may be several or a handful of condo communities. In this case, you need to carry out extra research. These are tips to help you choose the right condo.

Determine the Right Fit

beach front condosIt is quite important to ask yourself some questions before purchasing the first condo. As noted above, it is quite different to live in a condo if you are used to living in a single-family residence. Take your time to weigh both the pros and cons. The main difference between a single family residence and a condo is the proximity to the neighbors. The truth is that you will have a lot of neighbors if you live in a condo.

Hire a Real Estate Agent

Buying a condo is quite different from buying a single family home or even land. Also, the purchase contract is quite different from other types of residences. There are certain contingencies to note. For instance, the condo community will require you to sign a contract. The contract you will sign is different from the sales contract. This is a contract that ensures you understand the association regulations and rules. As a result of such differences, it is a good idea to hire a real estate agent who has experience selling top condos.

Obtain Financing

condos and apartmentsAlso, you will be surprised to note that financing of a condo is quite different from that of other residences. The truth is that getting financing is quite tricky because many loan products and lenders do not approve condo purchases. Usually, condos are bought with cash because of the strict regulations of lenders. Check whether the condo community is in the approved list of the lender. In this way, you can easily get financing to purchase your home.…

Important Factors to Consider When Buying a Condo

condos

Buying a condo is one of the greatest achievements that you can ever make. However, the achievement can never be complete if you are not going to work towards ensuring that you buy the best condo. So if you are looking to buy a perfect condo, then you must make sure that you carry out an extensive research before you make a choice. The following are important factors that you should always consider whenever you thinking of buying a condo.

Location

They say that the most important thing in the world of real estate is the location and you do not want to miss that in your list of considerations. There are several aspects of location that you are supposed to pay attention to is the infrastructure a good condo should be located in a place that is easily accessible. This means that roads should be in perfect condition so that you do not take a lot of time to get your workplace. Also, always remember that the value of your condo will depend on the location of the condo.

Amenities

AmenitiesOne of the reasons why people prefer condos to real estate is the fact that there are social amenities in condos. Social amenities are those things that make life more comfortable and enjoyable. They include a gym, swimming pool, party room, concierge and the list continues. Always consider a condo that has all those things if you are planning to lead a comfortable life.

Condo Rules

While condo rules are there to make life bearable, some rules might be extreme and consequently, they might end up impacting on your life negatively. So before you buy a condo, it is important to make sure that you are comfortable with the condo rules put in place. For instance, if you love pets and the condo that you are about to buy restrict pets, then it means that you are not going to enjoy life in that condo. The best thing to do in such a situation is to find a condo that will accommodate you and your pet.

The Size

Last but not least, always pay particular attention to the size of the condo. Most people move to condos because they want to enjoy life. This, however, cannot be achieved if the size of the unit that you buy cannot accommodate you perfectly. Make sure that your belongings will fit in the room. You should, however, bear in mind that the size also has a direct influence on the price.…

What to Keep in Mind before Buying a Condo

condo living

A condo sounds so prestigious even at the mere mention of it. You will realize that the deeper you dig is, the more complicated it somehow sounds. There is much more to owning a condo than most of us would care to find out. For instance, the price and location factors seem to be among the most sensitive of all. All the more reason for you to be extra careful as well as vigilant when it comes to matters pertaining to condominiums. Find qualified agencies and companies to see you through the maze of looking for a suitable condo.

Legally Certified

Sadly, most potential condo owners end up getting entangled in a web that is quite difficult to get out of. This is in terms of working with brokers or agencies that are not legally certified to run their business. This ends up costing them their peace and above all, their finances.

To be on the safe side, be sure to work only with trusted companies, agencies or brokers. Be keen on the kind of reputation they wield.

The period of existence can also tell you so much about what you should expect. You will get to learn of how much experience they have gathered over the years in the condo business. They must have known what most clients need and do their best to attain their satisfaction.

looking for a good condo

Your Preference

You will not know what to settle for unless you first do your research. From here, you will be more than able to make sound decisions on which condo to settle for. The location in which you would love for it to be should take the top priority.

It would cause quite a stir when you settle for a condo that is nothing close to what you wanted in the first place. Most deals are irreversible, and this would only mean that you’d be stuck with it for good.

The sooner, the better

As soon as you lay your eyes on a condo that you think would work perfectly for you and your family, go for it. Most of them are up for grabs, and it works on a first come first served basis.

This doesn’t mean you should rush into it only to regret later. There should be nothing else to think about once you locate your ideal condominium. Think along these lines after doing hefty research on the same.
Under normal circumstances, you’d have to wait before you get better deals.

finding the best deal on a condo

Fair Deals

This has to be the factor that has most people stressed out. It should never be this way especially when you know where to go and what to do. Revise your budget and avoid stretching it further than you should.

Shop around from the wide variety of condo dealers close to you. This will be an experience you wouldn’t have to deal with it for too long. After all, most clients love to have a wide variety to choose from.

Be sure to seek professional advice especially if you are venturing into the condo business for the first time.…

Realistic Reasons to Live in Modern Mayfair

Beautiful house

Living in a condominium gives you and your family a great exposure and sustainable environment. However, not all condominiums have a great experience. Some have good things that lure you to grab a residence there while others have a few good things to admire. You may have an interest in living in the best condo, but finding the right one becomes a problem.

Here are important reasons why you should rent or buy a condo in Mayfair Modern:

Availability of Social Amenities

A lifestyle that gives you access to social amenities without struggle makes everything easy. You do not have to walk or drive long distances before finding one or two schools. Your kids are the future leaders and parents. They need to have a good foundation to become better people in the society.

Mayfair Modern does not only provide schools, but they also have a quality education for your kids. Many high-rank schools are around this particular property putting you in a dilemma point of view. You will have plenty of schools to choose from the rest. Let your kids have the best educational experience by grabbing a unit in the said building.

women shopping

Shopping Is around the Corner

You need food and other personal things in the house depending on your preference. Finding a condo that gives you this experience is a privilege. If you buy a condo in Mayfair Modern, you are lucky. An abundant supply of goods is near your home. All you need to do is take a walk and arrive at the shopping zones of your desire.

There is also hawker marketplaces in Bukit Timah allowing you to shop for foodstuffs and groceries. Indoor shopping is available in Bukit Timah Plaza, Coronation Shopping Plaza, and World Beauty Center. Grab a cup of coffee at Bukit Timah while you enjoy good weather and stories from your friends.

Strategic Location

The area offers an attraction for investors. You will want to live in Mayfair Modern because of the good neighborhood appreciation. Popular estates like Sixth Avenue, Park Palais, and Signature Park are around you. Let you and your family have great friends that will add value to their lives and come up with great ideas in the future.

Land rates of Mayfair Modern appreciate every season due to great urbanization in the area. Selling your home after two years gives it a higher value than the previous amount.

Easy Connection to Other Places

Live in a location offering broad connection. Buying a home does not mean you will stay indoors for the rest of your life. You need to visit other places and enjoy the scenic beauty it offers. The availability of good roads connecting to popular estates and social amenities saves time for your kids going to school. You will not experience traffic problems. Owning a vehicle or relying on public transport still saves; you time to reach your destinations.

play time

Recreational Parks Are near You

You will have good outdoor events in your free time since Mayfair Modern Park is near the area. You require no flight to visit the parks. Having a good time will depend on your decision.

Mayfair Modern gives you a lifestyle you need. Be a witness of the good things today.…