Condominiums, popularly known as condos are gaining huge popularity in countries like Singapore where land is very scarce to acquire. Even though it looks a lot like a regular apartment it is a lot different from apartments in terms of the maintenance fee, management, and amenities. Condos are the ideal symbol for modern day living space and are attractive assets to people who dream of owning a home in the cities where everything is pricey. You can buy condominiums for reasonable prices in Singapore. To know more about Twin View Condo, you can always check the website of trusted condo sellers like Twin View.
Even though condos are as great as apartments and in certain cases much better than apartments, not everyone prefers a condo because they don’t really know much about them. So, this article will help you understand the advantages of living in a condo.
Most of the condos are located in prime locations of the city or town. This means that you won’t have to travel a lot to go to work or a shopping mall. Condos are built in areas that are closer to hospitals, schools, and business parks which is why living in a condo is going to make your life much easier. Buying a single-family owned house in such locations is almost impossible in fast-growing cities and condos are a great way to experience the city life without paying too much for it.
High investment potentials
If you buy a good condo today in an area that is growing every day, you can sell it later on for a higher price. Depending upon the location and quality of life in the condo, you as an owner can sell it for huge profit. This is why condos are not just living spaces but also good investments.
You don’t necessarily have to live in the condo or keep it empty while you’re waiting for the market prices to rise. You can always put your condo in a rental service program for a few years and then sell it later on.
Condos are not as expensive as you think. The rent or cost of buying a condo is similar to that of an apartment which you will anyway pay if you need a home to live in. The only extra money you will be paying is for the maintenance fee at the beginning of your stay.
Safety and security
Most of the condos have security guards and CCTV cameras in all parts of the building. You can be sure about your family’s safety if you’re living in a good condo space.