Experts Take On The Myths About Condominiums
Upon the success of certain project, the controversies are complementary and they rise with the growth of that project
. This why, with the growth of the Condominium Singapore Project several myths have raised in the minds of the people, which is making them confused. Therefore, upon some of the popular myths, the experts have come up with their analysis. Lets see what experts have to say about the myths associated with the condominium in Singapore.
Myth 1: Regarding Monthly Homeowners Association Fee
Several people believe that monthly homeowners association fee is extra amount that home owners have to pay for regular maintenance. People are worried that this expense can disturb the monthly budget and would be very expensive.
What experts say?
According to a well-renowned real estate person, this shouldnt be a big issue to raise eyebrows upon because if this is the situation, then solutions are there. Asking the management to unveil the details of the expense would help the home owners keep a tab on extra expenses. If they see something wrong in the reports, then raising the voice against it is always in the option.
Myth 2: Regarding Privacy Issues in Condos
There are people, who believe that the concept of condominiums is not perfect from privacy issues. The concept of condos is similar to that of community style living and thus the issue related to excessive noise from neighbors apartment. Several people are also unsatisfied from the parking facilities.
What experts say?
The latest condo launch Singapore are designed & developed by taking these factors into consideration. So, the people, who are planning to shift in condos can go for it without any worries. The solutions for parking issues, noise and other disturbances have been found out & rectified.
Myth 3: Relates to CCRs Restrictions
Several people believe that CCRs are very restrictive and thus offer limited scope of doing the things as per choice.
What experts say?
CCR is the Covenants, Codes, and Restrictions that are defined by the government to state the regulations of the property usage. As per the expert, the CCR for every project varies from each other. So, by going through the CCR thoroughly, one can check of the rules & regulations are suitable or not. Moreover, if the person finds any of the guideline unsuitable, then he can discuss about the issue with the management.
Myth 4: Regarding ratio of tenants
This is a fact that several people take condos as an investment property and thus invest the money for the same. In such situations, they rent out the unit to the tenants and because of which the ratio of tenants in a condominium is increased. This ultimately disturbs the community concept, as tenants tend to change quite frequently. Moreover, having a changed neighbor every time is not a good idea.
What experts say?
To rectify this issue, the developers have found out a very innovative solution. The developers are focusing upon the project development near urban areas that are close by all the amenities. When the people would be offered more facilities, then obviously they would plan to stay up there and live a luxurious life.
by: Justin Sara
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