Purchasing a house for yourself is very easy if you have enough money but there are few things which you need to look at before making a buying decision. Before looking at condo singapore new launch, if you are thinking to buy taking a loan then there is an important thing which you need to look at is
Purchase budget – considering buying a house is a person’s biggest investment, it is best if a good financial plan needs to be seen and arranged first before making a purchase. Generally speaking, banks allow a monthly payment ratio for housing loans to be 1/3 of the borrower’s gross salary. However, this will of course depend on your monthly commitment and net salary which will be assessed by the bank in granting the loan approval.
Some features are often neglected before taking buying decision but these are very important like:
Safety / Security – The characteristics of safety or security are usually considered as one of the conveniences that are one of the characteristics of a multi-storey residence. Given the number of people who are crowded and there are public conveniences for the use of residents, the safety factor needs to be prioritized to prevent unwanted things from happening such as theft and break-ins from outside parties. It is better to choose a residence that has high safety characteristics, such as having a 24-hour security guard and gated entry and exit and monitored by closed-circuit cameras.
Management Fee – Important!.. Don’t ever forget the cost of the Management Fee that you need to pay when you start living in your house. Management fees are closely related to the size of your home unit and the facilities provided. This means the larger your home unit and the more neighbouring facilities provided, the higher the maintenance fee you need to pay. However, this high maintenance fee will be offset by the number of units in the area concerned. This means, the more residential units, the lower the maintenance fee that needs to be paid because it is shared with more owners.