Buy a New Condo? What you need to learn first
There are many differences between buying a new condominium and buying an old one, which can make you choose one type over another. The best way to find something suitable for you is to look at all the facts before making a decision. It is always a good idea to explore the benefits of buying a new condominium instead of the old one, and then choose according to your needs.
You may find that service charges are lower in new apartments than when buying a resale.
This is because the new builder will offer low prices to encourage new buyers. When buyers look at several apartments in the condominium, the amount of the monthly maintenance fee can be a decisive factor.
A new developer may have low rates because he does not know what the exact monthly costs will be. It may take a year before the condominiums are in operation before the builder finds out. After a year of living in a condominium, it’s easier to find out what the costs will be. After this time, prices may increase depending on the costs and accounts of the new condo in tampines.
The maintenance fee includes services such as land care, building cleaning, window cleaning, garbage collection, condo repair, and snow and ice cleaning, if applicable. The new condominium will be updated in its appearance and appearance, while the old building may need some renovation. You can enter the old condominium building and notice that you need a new coat of paint or a new carpet. As the age of the condominium, the carpet may look older, and the colors may not reflect current styles.
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