7 Factors when Buying Condominium

7 Factors when Buying Condominium

Buying real estate is a responsible step that requires careful analysis and verification, because the risks are quite high and all of us sometimes tend to make not quite thoughtful decisions. In order for the dream of getting your own meters to come true, experts have prepared for you a list of factors that you need to pay attention to before buying a condominium. This information will help you make an informed decision and tell you what to focus on when buying an apartment in a new building.

1.   The most thorough search

See as many developers of your city as possible on the Internet. Pay attention to their experience, reputation, problems with the law, whether the company is bankrupt and whether there are no current debts.

Turn the pages in the networks, learn as much as possible about the company, its values, available residential complexes. Already on the initial search, you can weed out those developers who do not impress you for various reasons. Professionals advise you to call the hotline of Amber Sea or read more on ambersea-residence.com.sg to find out about advantageous offers or discounts and get complete information about a particular house.

2. Financial component

Before you stop your choice on a particular luxury condo, assess the general state of the real estate market and price dynamics. Decide on the price you will focus on and the maximum amount of money you are willing to pay for the apartment of your dreams. The cost of an apartment in a new building can also be segmented by the degree of development of the city’s infrastructure (or part) and transport links, which increase or decrease the cost.

3.  Location and infrastructure

Most often, choosing housing, the buyer is guided by the location of the house in which he wants to live for a number of reasons (work, close to loved ones, a good school, and quiet part of town). An important component when looking for a condo is also a comfortable arrival to the house, the availability of parking spaces, good transport links.

Buyers more often choose areas with developed infrastructure like Amber Sea, when there are: shops, supermarkets, kindergartens, schools, post offices and banks, fitness centers and more. As well as places with an acceptable level of environmental comfort, with nearby parks or alleys. Therefore, it is better to ask how the infrastructure of the district will change in the near future.  Book a showflat appointment for Amber Sea to find out more.

4. Building materials

Assess the quality of the façade, the thickness and insulation of the walls, what technologies are used in the construction of the house, ask about the guarantees. A big advantage will be the good installation of good front doors, windows and filling of the screed, which will save money during further repairs.

 5. Floor, sunny side

Everyone has their own opinion about which floor will be better and more comfortable. What looks good to one visitor may not be so great to another. For example, you like to be on the 10th floor and enjoy the scenery, and others even think scary about life at such a height.

6. Planning

What type of planning is best to focus on? The arrangement of space in the condominium has its nuances. Again, everything is individual, so this point is also worth paying attention to, although most developers offer a service to change the planning in the early stages of construction.

 7. Legal aspects, verification of documents

Once you have decided where you want to live, there is no less important task – to check the land documentation, construction licenses, building permits and communications, and so on.

Buying your own home is definitely an important and responsible choice in life. This decision should be approached carefully, paying attention to even the smallest details: the reputation of the developer, the area in which the house is located, the authenticity of all documents and permits, the quality of construction work and even the side of the house.