Few crucial factors for buying condo

Few crucial factors for buying condo

If you buy off-plan, you have the chance to choose your own floor plan from a wide range of options. You can select from a variety of options and upgradesto ensure that you get into your new home, it’s exactly what you would like, completed to your unique specification to provide you with a property that you will be proud of and be happy for many years to be.

First thing you’ll see when purchasing condos off plan is that you will be able to enjoy a discounted price. Once the units are completed and sold, the price of condos generally increases due to. Being early can help to get the most value however, at the same however, the earlier you decide to buy the more likely it will have to  www.livatmb-condo.com.sg purchase completely off the plan before the foundation is set. 

LIV@MB located in the prime Meyer/Mountbatten neighbourhood in the East Coast.

It has 1 to 4 bedrooms types & only 298 units built on a relatively large land plot due to its low plot ratio in the area. It’s only 3 mins walk to the upcoming Katong Park MRT and short walk to East Coast Park. It’s also within a short drive to Marina Bay, Shenton Way, Jewel at Changi/International Airport, etc.

Another reason you may want to look into a condo sale off-plan is that you can secure the ownership of your condominium, but you get to have a lengthy settlement which gives you some much needed breathing room when investing in such a huge amount. In most cases, the payment will be completed after the project has been complete and the transfer has taken place in the days before you move into your new residence and begin enjoying your new life.

Make sure you conduct your own research about the developer, the designer, the builders, and the engineers. Be sure the property you’re viewing is built by the most reputable local construction firms and managed by top developers which means you can purchase without any doubt.

Location is essential when it comes to condo sales off plans. You must select a location that is considered prestigious, one in which you’re confident you’ll get a decent ROI on the investment you make in the long run. Make sure to consider great areas, you’ll spend more money for a single family home than you will for condos off plan. When the condo is finished it will appreciate in value so you will have an investment worth making in a good area that you will enjoy.

There are a few crucial factors to note when it comes to the contract that you sign. Go through every sentence in depth make sure you comprehend the contract and ask your lawyer review it , and assist you with the sections you aren’t understanding.

One of the first things to consider when negotiating the contracts is whether there is a “Cooling Off’ clause. In the present, all contracts should contain this clause when buying off-plan. This clause allows you to have an agreed-upon time where you can pull off the contract should you are unable to decide at any time. Make sure to read the contract carefully to make sure that you’re given a cooling off period to make sure your mind is at relaxed.

You should also ensure that the complete specifications of the plans you’ve selected are clearly stated and are included in the contract. This way in the event when the condo is finished there is something missing or isn’t as you wanted and you want it corrected. This ensures that you are aware of what you are paying for and also ensures that the contractor completes your particular condominium based on your specific specifications.


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