Have you been thinking about buying a new home for you and your family? If this has been a thought you have had for a while, you are not alone. Many people have a dream of having the perfect home, and in Singapore, one good option is the Grandeur Park Condo which will be launching soon.
Why a condo?
In this country, real estate is limited and expensive, so the option that many people have is to buy an apartment or condominium. The difference between the two terms can be attributed to the quality and facilities available in a condo which is the most expensive of the two.
How to buy a condo
If you have a lot of money in the bank, you may be one of the lucky ones, if not, like most, you may have to rely on taking a bank loan to purchase a condominium. There are a few steps to take when buying any sort of real estate and they are listed below.
Singapore has one of the most expensive property markets in the world. So before you go out looking it is best to know how much you can afford to spend for an apartment. The best option would be to speak with your bank and get yourself preapproved so you will know how much of a loan you can take. You must also take into account other expenses that you will have monthly when you allocate the monthly mortgage payments.
With some things in life, timing and price are important factors, but when it comes to buying a home, the location is the main thing to consider. You should consider the proximity to your place of work and schools for your kids. Ensure you have hospitals close by so that you can get there fast in case of an emergency. Also, check if there are public transport services that operate near the condo you are planning to buy.
Have to look at the available facilities in your unit and also the building. Ensure they have standby generators in case of power outages. There should also be a good maintenance crew that will keep the condominium clean and in good condition. You can inquire about other facilities as many condos have guys, pools and some will even have a sauna or steam room on the premises.
Do not walk in blindly when you are considering a big investment like this. Take your time so that you can make the right decision.