What Is A Condo? Here Is All You Need To Know A Condominium is a property that the buyer can purchase and own outright. It is like a hybrid between an apartment and a house. The condo offers some similar aspects of apartment living. For example, many condos are adjacent to others, so owners often share a wall and live in close proximity. If the individual is residing in a high rise building, their condo may be located above or below someone else’s home just like in the tapestry.
It is a private residence owned by an individual or family in building or community with multiple units. Although are usually a part of a larger building, detached condominiums also exist. There are many aspects of condos which are common among the other condos such as, they share common areas like yards, garages,
rec rooms, or gyms, with other units that the condo owners don’t have to maintain and can upkeep that much easier.
There is a certain advantage in purchasing condos which are as follows:-
Cheaper Insurance Condo owners can often find insurance at lower rates than homeowners of single-family dwellings of similar value due to the fact that a condo association’s master policy covers parts of the home’s structure.
More Affordable Compared to single-family homes, condos are often more affordable. It’s not unusual to find a three-bedroom condo at thousands less than what an individual would pay for a three-bedroom home.
Offer Convenience Some groups of people such as some demographics prefer having someone else sweat behind the lawn mower and seniors and single adults prefer that someone will squeeze under the sink to correct a plumbing problem.
Different Types Of Amenities Condos developers provide numerous amenities to the residents such as Gym, playgrounds, children play area etc.
Condo vs Apartment: Final Debate Condos may not be a good option for fiercely independent people who like their own privacy and space. That is because, in addition to collecting dues, a condo board also enforces rules and regulations that owners agree to abide by when they purchase their condo.
These all technical rules may not be accounted in the apartments as they used to have their own sets of rules. Final Thoughts Each and every developer in the condo industry has their own pros and cons which needs to be kept in mind before purchasing. However, buyers can have a look at the tapestry show flat before making final decisions.
Contact Us Company Name : The Tapestry Condo Email
: gurdip@mediagenesis.com.sg
Address
: Tampines St 86 , Singapore
Phone
: +6 5 9009 1172 or +6 5 9488 4904
Website
: https://tapestrycondo-sg.com/