Saturday, April 2, 2011

Condominium Living

When it comes to staying in a condo, aspects of community living, shared responsibilities and  personal expectation need to be considered.

Why Choose A Condo?
If you ask around why people opt for the condominium lifestyle, they'd give you a wide range of reasons. For some, living in a condo means no worries about garden maintenance, availability of recreational facilities such as a swimming pool and tennis court, and extra security features around the clock.

Parents whose children have grown up and moved out may find their homes too large and a hassle to maintain. Others find it more affordable to buy a condo unit instead of a landed property in their desired location. The delegation of repair and maintenance duties may be a boon to those with limited time for handling these chores.

Besides the perks of amenity-rich living with security and maintenance taken care of, condominium living involves community living and shared responsibilities. In other words, when you buy a condo you are buying more than just a resident unit - you're buying into a lifestyle wherfe sharing is required, space is fixed and more rules apply compared to living in landed property.



Before Buying A Condo: What You Need To Know

  • Meet the residents who would be your new neighbours. Find out their opinions on the living environment, resident demographics, facilities, management, etc
  • Learns the rules. Read the regulations to understand what they govern and how they may affect your living experience
  • Find out the ratio on owner-occupied versus rental units. A large percentage of rental units may indicate specific issues regarding the types of people staying there
  • Study the Sales and Purchase Agreement and the Strata Titles Act carefully, or have a lawyer go through these with you so that you understand the responsibilities regarding to stratified property ownership and required contributions to relevant funds

2 comments:

  1. Living in a condo is very convenient when near to place of work and other necessities of life, provide maintenance in surrounding, security, and other amenities to be enjoyed by family and friends. Anyway, thanks for sharing those information.
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    Pia
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  2. This was a really great read, appreciation for taking the time to put it together! Touched on some very good... interior designer bangalore|interiors designers bangalore

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