If you are thinking of owning a condo, then most probably, you are aware that it is most popular real estate transactions these days. You can really say that condos are affordable to have no matter if it is your first time to buy a house or you just want to downsize the housing needs. However, in the real estate field, there are still negative feedback about condos. However, its value is still appreciated by many people particularly when it comes to its rate.

 

Many buyers have been satisfied with their decisions because they have spend time thinking of the right purchase. You must be certain of what you are looking for when you buy a condo. You must also determine the things you need to avoid so that you will not regret the decision you made. Before you buy a condo, you need to check certain things first.

 

It is important to know about how the condo is being managed. Find out further on condos by checking the site at http://en.wikipedia.org/wiki/Condominium. There are condos which are miss managed. You should also research about the fees with the maintenance of the condo. Yes, it is common to have fees, but make sure that it is not a burden for you.

 

It is also needed that you know the person who lives in the condo before you. Some of the condos are rented by tenants instead of the homeowners. This may be a problem when the tenants have little pride of ownership. In fact, those who have paid the units may find this unbearable.

 

If you will buy a condo there are two main factors you need to check.

 

You need to make sure that having a Condo in Bishan is the best option for you. Even if many people are satisfied with their condo purchase, you should remember that it may not work the same for everybody. Many condo owners want their condo because it requires less maintenance. Condo owners are not really concerned about the repair. The repair will be covered by the condo homeowner's association.

 

You should also determine what you are buying when you purchase a condo. Condos and apartments in bishan may be considered as a vertical subdivision. Those who have condos own the ceiling, inner walls, and floor spaces. Think of the elevators, exterior walls, and parking areas as common areas. The homeowners association the maintenance of these areas. There are members of the homeowners association.

 

You should also decide to have a new condo or a resale condo. These two have their own different pros and cons. If you will buy a resale condo, you should think of the repair. However, a new condo is also expensive.