subject: Choosing a New Cluster House [print this page] Choosing a New Cluster House Choosing a New Cluster House
Nobody likes to live alone. Once you move into a new house, you automatically look for neighbors to develop a sense of safety and friendliness. That is why a new cluster house is always preferred over others. On top of the many facilities you will enjoy in a new cluster house, there is always a neighbor to comfort you.
There are many things which a typical cluster house has. For instance, most of the houses have shared walls which will minimize the cost of construction and most importantly, it will give you more space. Most commonly, there is a Management Corp for each project and they collect fee from each new cluster house to pay off the maintenance bills.
Most cluster houses are like condos where the owner of the house collectively owns the land. These types of houses are preferred by newlywed couples, working professionals and families. These people do not want to get into external maintenance issues and other troubles which might arise while owning an individual house. So, the best option they have is a new cluster house.
Some established developers offer cluster houses which are rather luxurious. Most people, who want to buy a big house outside the city, worry about safety measures. But when your big, luxurious house is surrounded by similar houses, you have very little to worry about. So, this is the reason why many big shots prefer cluster houses outside the city instead of individual houses. Usually these cluster houses are well equipped with facilities and amenities like swimming pool, gym, BBQ deck and nearby educational institutions, eateries and shopping centers. This will make life easier and convenient for the residents.
New landed property is always a dream among Singapore home seekers. However, many Investors are willing to rent their houses too. While house owners incur recurring monthly expenses like mortgages and maintenance charges, they may need a steady source of income to offset these charges. So, a wise investor may decide to rent out their new landed property and if they do the sum correctly may even earn a continuous stream of passive income. On the other hand, newlywed couples and expatriate employees who are not entirely sure about their financial future may hesitate to put all their money into a fancy big house. So, renting a new landed property or cluster house is a jackpot for both of them. The house owner gets the rent to pay off his expenses and the new tenant gets to enjoy a big, luxurious house without committing a long term liability for it. After a tenant stay for a considerable time in the new landed property, he might request to buy it. If the owner decides not to sell it, the tenant would have to look out for another place. That's the only disadvantage in renting a new landed property or cluster house.
Whether you decide to go for a new landed property or a new cluster house, they will make a good long term investment in the land-scarce Singapore which is projected to grow by about 9% in 2010. By the way, international move star Jet Lee owned a landed Bungalow in Singapore a year ago. So, choose wisely and take a look at all the options before making an informed decision.
