The ideal living place to many people is perhaps the single-family detached homes. But such a dream may not be the option in some situations. For instance, in Singapore, the price of land property is irrationally high. And in some areas, especially the business districts, such a housing is not available at all. Only apartments and condos are open for business. Check Clavon Clementi, for instance. It is located in the city’s most strategic region because it is close to the transportation network, educational institutions, and many other amenities.
Now, let’s learn other benefits of living in a condo.
Free of Maintenance
If you own a house with yards, and you have a swimming pool there, you will have to allocate a maintenance budget for that facility. Needless to say, you’ll face the same burden if you want to have a garden or an outdoor kitchen there. In a condo, there will be a management department responsible for all the facilities there. All you need is to pay the maintenance fees, and you can use those facilities anytime you want it.
The facilities in a condo are most likely to be updated to follow the most recent technology and design trends. But this still largely depends on the owners’ agreement. And you will have to pay for the upgrades, though. But even if it still costs you some money, it will be pretty much more hassle-free than if you were to get those upgrades on a single-family detached home.
A condo’s appreciation is indeed slow. But if you can rent it, it can be the most valuable property to have on the market these days. For example, when you are out of town for vacation or work for several weeks, you can rent your condo. And considering the fact that most condos are placed strategically, getting tenants usually won’t be a problem at all.
If you have not moved to a big city before, you may not know how costly it is to park your car, especially in commercial areas. If you have a condo, a parking lot is always an included facility. And you don’t have to pay extra for it. Besides, there will always be security officers guarding the parking lot so that you don’t need to worry about the safety of your car.
Safety and Privacy
Imagine if you were to hire security guards for your home. For two or three days, this idea may be sustainable. But in the long run, such a safety measure will be costly, indeed. If you live in a condo, all the security cameras and guards are included. You don’t need to worry about burglars or robbers. Besides, living in a condo can give you better privacy than if you are to live in a housing complex.