Purchasing a new condo is a great and intimidating experience, especially for first-time homebuyers. The majority of the people in Singapore are looking for condos because of their pretty affordable prices, low maintenance costs, and availability of the required amenities. However, the common challenge that most people face is to find new condos for sale. Below are top tips for finding a new condo for sale in Singapore:
1. Consider your lifestyle
This is among the topmost important things to consider when finding a new condo for sale in Singapore. Condos provide a unique lifestyle compared to other types of homes, i.e. townhouses and single-family homes. With a condominium, you won’t be required to wash the exterior or mow the lawn. They also come in varied sizes and shapes and include beachfront and luxury condos. However, you can find a well-insulated condo if you dislike noise, especially from the neighbors.
2. Check your desired amenities
When you begin your search for a new condo for sale in Singapore, you need to consider if there are desired amenities around. These amenities include outdoor grills, gyms and fitness facilities, shopping centers, luxury perks, etc. It would be best to work with a realtor since they understand where to get these condos for sale with these amenities. The realtor will also make it easier for you to get a condo that’ll fit your budget and location preference. It’s essential to note that buying a new condo in a great location with all amenities will increase your chances of getting a high value when you decide to sell the property.
3. Get the help of a realtor
It’s essential to find an experienced realtor in the field to help you with your search for a new condo for sale in Singapore. The real estate agent will help you in numerous aspects, including checking the condo condition, negotiating the price, completing the required paperwork, and other important procedures. If you decide to purchase a new condo alone, you might not know the structural issues to consider to avoid future problems. However, with a realtor, you’ll be able to get the best resale value for the property. It’s essential to ensure the realtor has experience with the local market.
4. Check if there are additional fees and regulations
Some condos have some fees which should be paid regularly, including association fees. Depending on the location, you might be required to pay for property upkeep, cleaning, lawn care, etc. On the other hand, there might be some restrictions, including noise or pet restrictions. Therefore, it’s essential to be certain whether there are additional fees required and special regulations or not.
5. Check out the property management company
It’s essential to check out who’s responsible for the property upkeep. When buying a condo, you’ll want it to be always clean and well maintained over time. Therefore, ensure you ask about the property management company and assess how they work. A poor property management company will only make the condo cost you more money due to frequent maintenance problems.
In conclusion, these are tips for finding a new condo for sale in Singapore. You should also ask for an inspection to ensure the property is in good condition.