So you are thinking of buying a condo? Owning a condo is a different world than owning a house and comes with a whole different set of expectations and responsibilities. Maybe you are looking to find a vacation property, get out of the suburbs or get away from some of the chores that come with a traditional house – whatever the reason, you will want to weigh the pros and cons of condo ownership before you make that final purchase.
It’s easy to list all the benefits of condo living, so let’s save those for last, as the saying goes. Let’s think drawbacks: first and foremost, purchasing a Boulevard 88 Hong Leong Holdings means purchasing the condo – that’s it. No yard, no land, no roof even (well, no individual roof anyway). Just the box itself. Now many people see this as a bonus. Hey – I hear you, I’m just saying, it may be an issue for some people.
If you were used to the freedom of home ownership you may be a little taken aback by the fees and rules that come with a condo. Although, if you are a former house owner, you may welcome the idea of having a set fee schedule instead of sudden surprises (additional expenses may come up from time to time, but these are usually shared between the units unless it’s your fault). Also, having rules (Covenants, Conditions & Restrictions) means you do not have to worry about your neighbor deciding to decorate with old appliances instead of patio furniture. Just be sure you are clear on your financial commitment and that you can live with the particular rules in your development. Where it can get a little sticky is the shared walls. I mean, this all depends on your neighbors. I would not advocate moving in next to an amateur tuba enthusiast, for instance, but today’s condos often address sound-proofing. Obviously you want to spend some time in the building you are thinking about living in. It may be worthwhile to make the effort to knock at the suite next door to get a feel for the hood. And if all else fails you can make use of the rules