Living in a condo has its advantages. From shared apartments to walkable urban areas, condos are a surpassing option for first-time homebuyers and people who want to enjoy home ownership without extensive maintenance.
What is a condo?
Condos are individual units in a building, as opposed to a rental apartment. If you own a condo, you are responsible for handling a monthly fee charged by the condo company. This association manages all the maintenance of the public and outdoor areas.
Benefits of living in a condo
- Assured security and safety
When safety and protection are your top concerns, condos will never disappoint you. Most condos are equipped with security cameras, gated facilities, lobby guards, roaming staff, and 24/7 security guards, ensuring your security and general security of the building. As an added safeguard measure, visitors must present valid identification before entering the site. If you want safety and security in a place you live, you can live in a condo.
- They get located in privileged places
Most of the condominiums are strategically get located in privileged and highly urbanized areas. While this may not apply to all condos, some get cleverly settled on the outskirts, very close to town. The accessibility of condos (such as Mori condos) depends on their location. They can be approached from workplaces, schools, financial institutions, worship places, shopping centers, hospitals, and more.
- In imminent proximity to public transport
There are many advantages to living in an apartment in Singapore, one of which is the building’s proximity to public transport. Most of the developments are next to the MRT stations, with the main roads and bus stops nearby. The immeasurable connection to public transportation and significant highways allows future renters a comfortable way to travel around Singapore without much effort.
Aside from the condo’s affordability, safety measures, comfort, modern structures, and maintenance efficiency, income-generating potential is also possible.