Wednesday, 24 June 2015

Condominiums for Convenience

More and more people are currently reviewing their housing options. Well, since we are in an age which finding time at home is a luxury, we might as well push it forward. Condominium options are limitless for your expatriate tastes.

These days, you can see condominiums rising everywhere in light of growing demand. In the city outskirts and suburban towns, housing projects are also flourishing.

The Peterson Group Bespoke Condominium and Residences, your agent in finding the best and the most suitable condominiums and residences in the cities of Singapore, Jakarta, Indonesia, and Kuala Lumpur, Malaysia has been frequently asked on the most important feature of a condominium.

Here are things you should consider:

1.            Location
Condominiums are often situated in prime locations – at city centers, near shopping malls, churches, marketplaces, restaurants, schools and major transportation hubs. The close proximity allows you to reduce commute time and costs.

2.            Space
You may not be able to expand your space when you are living in a condominium but you can still customize your space. There are also available spaces to choose from when owning a condo.

3.            Maintenance
For any construction, repairs or renovations in a condominium unit, you usually need to ask permission from the building’s administration office. The shared areas, though, are maintained by the building management. Still, you have people to clean for your unit so your complaints may be minimized when it comes to keeping your place clean.

4.            Price
A house is usually more expensive than a condo. Condos have a very wide price range. Lower-range condominiums are often within the budget of first-time buyers and start-up families. You find a house with the same price in less desirable neighborhoods and suburban areas.

5.            Privacy and security
Part of the condominium dues goes to ensuring the privacy and security of unit owners. Living in a condo promises a well-secured area where only residents can enter and visitors are screened. Houses can be as private and secured, but this depends on the location and the neighborhood.

6.            Amenities
Condominiums have amenities such as a swimming pool, gym, tennis and basketball courts and reception area. Some of these amenities most of us cannot afford installing in our own homes. There are subdivisions, though, that have clubhouse areas.

7.            Resale

Condominiums are more sensitive to resale compared to houses. The condominium sector is usually the first to be hit and the last to recover when the housing market declines.

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