How to find a good condo in Singapore
Real estate business in Singapore is lucrative. Many people found it more beneficial to buy a condominium than buying smaller homes. Apart from the fact that it requires less upkeep, it is more cost effective. Because of enough interest in condominium business in Singapore, purchasing one is not as easy as many people would think. For you to find a good condominium in Singapore, you must search diligently for it. There are certain things, which you must do if you want to get the best.
Perhaps the first and the most important step you must take if you are searching for Singaporean condominium is to get a reliable property agent. This agent should not only be the contact man, but would also serve as a representative. It is necessary that you look for a dependable agent, who is not only competent, but also well experienced in condominium business in this country. If you plan to buy more than one property, it is recommended that you use different agents for each property you want to buy.
When you have selected your agent, it is important that you confide in him. You have to be frank and forthcoming with what you actually expect, and the type of property you want to buy. You should be clear with your price range, house dimensions, as well as the preferred location. Information you provide would guide the agent in searching the most suitable and affordable house for you.
When you are searching for a condominium, you should scale down your search based on your needs. The housing agent would always look for the most comfortable and suitable living homes. Once some units have been selected, you would be invited for an inspection. At the time of inspection, you have to pay attention to every detail. Pay specific attention to such areas as fixtures, furnishings and other places, which you think should be improved in the new home. Condominium investment is regarded as a big-ticket item; you have to be satisfied with everything about any unit before you start negotiating the terms.
There are two very important things that you have to consider, which would influence the choice you want to make. They include the aesthetic and the condominium qualities. These two things would affect the comfort and satisfaction you would derive from the home. You must search for a condominium that reflects your personality and your lifestyle.
When you are considering the condominium, you have to think about its location. The most important thing that matters in property selection is the location of such a property. You have to consider its closeness to roads and thoroughfares. You should also think about the availability of important amenities such as markets, hospitals, schools and other things that matter such as water, electricity, and transportation and so on.
You have to consider the population density. If the condominium has so many units in a floor, it could not be pleasant because it could lead to situations like crowded pools, congested stairwells, and elevators and other unpleasant situations. You have to compare the density plan and the floor area. It should be such that there should be zero waiting time in the elevator and less foot traffic. There should be less congestion.
Once you are convinced that you like the property then you can indicate your interest to purchase it. You can pay one percent of the price you agree for the house. This is done in an exchange for an option to purchase. You would be allowed 14 days to make your final decision to purchase or not to purchase. When you have made your final decision to purchase, you can forward the necessary document to your solicitor for examination and advice. You have to do this with another 4 to 9 percent of the purchase price.
Before you agree to sign anything, you have to study the document to ensure that you clearly understand every term of that agreement. If you follow these steps, you will not find it hard to purchase a condominium in Singapore.
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