What to Look for in a Condo

Condominiums are a huge investment especially in Singapore. There are a lot of things you can do to prepare for such a mature investment. Asking the right questions is definitely one of them. What are some of the things you should look for in a condominium? We list down some of the things you should look for when investing in a condominium.

Developer Background

Not all developers are made equal. Do your research on trusted developers in chat rooms and ask friends and families who have condos. Maintenance may not be something you’ll be able to see in new condos in Singapore alone. Some developers are better at maintaining than others. Delayed turnovers usually don’t make for great developers as well. Look at the things they complain about. Is it something you can tolerate or is it a turn off?

Storage

A big problem in Singapore now is space. Getting a storage space is another added expense for you. Make sure your condominium also provides you with storage that comes with the apartment.

Amenities

The great thing about condominiums is that there is a lot of room for activities. Take a look their list of amenities. If you are into fitness, keep a look out for a swimming pool, a gym, and a jogging path. If you like to throw parties, having a multipurpose room would be great. Keep all of these in mind when looking out for condominiums. New property launches in Singapore usually shows off their amenities during open houses.

Location

Location should also be one thing you have to prioritise when looking for a condominium. How near is it to the business centres? Does it get a lot of traffic? Is it close to an MRT? Is the neighbourhood nice? These are some of the things you should ask yourselves when checking out a property. Investing in a property that is underdeveloped can prove to be very advantageous in the future. Keep a look out on development news in the area because the next transportation hub could be there. A new property launch in Singapore can provide you some of these answers.

Greenery & Environmentally Friendly

The Ministry of National Development has been really good in regulating the use of greenery and environmentally friendly materials in developments. However, there are still a lot of things that developers can do to improve their efforts. Keep a look out for those who do a great job in integrating environmentally friendly design in their condominiums.

Association Dues & Rules

Maintaining a good condominium requires association dues from its owners. These may increase over time due to wear and tear. Some condominiums have strict rules regarding remodelling, pets, and so much more. Clear all of this up early on before buying a condominium just in case you sign up for something you don’t agree with.

Are you still having a hard time looking for the perfect condominium? What are some of the factors you look at when looking for a condominium? Let us know in the comments section.