Condo owners are paying a lot for the privilege of being able to call themselves home, no matter where they live. That’s why living in a condo is often considered as the most cost-effective housing option available to people. Yet, when you add up all the costs that go along with renting a house or renting an apartment, buying a house would be much cheaper. But is living in a condo worth it? Well, depending on your situation, the answer may vary.
Located in the heart of Singapore, Riviere Condo at Singapore River by Frasers Property is a modern condominium that caters to both elite and middle class clientele. It has an elegantly designed interior that features fixtures and furnishings of the highest quality. The main living areas of Riviere Condo at Singapore River are spacious and feature a number of fireplaces. Located just next to the Marina Bay Sands, it caters to the exclusive and high-end market. With amenities such as high speed internet, direct dialing phone connection, and swimming pool, the living quarters of Riviere Condo at Singapore River by Frasers Property are perfectly suitable for business executives, pleasure seekers and family holidays.
The Riviere Condo in Singapore River is located in the affluent Orchard Road and is conveniently located next to plenty of Singapore attractions and nightlife spots. This fully furnished and serviced condominium is perfect for the young and hip yet conservative and traditional lifestyles in Singapore. With ample parking spaces and private balconies, residents of the Riviere in Singapore can enjoy Singapore’s vibrant nightlife on a nightly basis. Located close to Orchard Road and the Singapore Riverside, this is one of the most ideal places to rent a condo in Singapore or a home for yourself in one of the cosmopolitan cities in Southeast Asia.
One of the main reasons why a condo is considered as the best value for money amongst homeowners is that you don’t have to worry about the mortgage payments. Since there’s only one payment to pay every month, this means you can save quite a bit of money every month. Also, as compared to when you’re still living in a house, the cost of maintenance is a lot lower. The maintenance man who comes to your place will only be required to do the basic things like cleaning and routine maintenance, which means you can focus more time on enjoying the perks of being a condo owner.
In terms of location, Riviere closest places to a lot of shopping, nightlife, restaurants and other attractions are Central Business Districts (CBDs), the entertainment district of Singapore, Marina Bay Sands Shopping Mall, Ann Siang Road and Ion Orchard. From these, there are many other destinations to choose from, such as the Singapore Botanical Gardens, Universal Studios, the Esplanade, Sentosa, Joonbuk Park, the Night Safari, the Maritime Museum, and much more. It really depends on what you want to see and do.
But do not think that because it’s cheaper to rent a condo that you can just jump right into it without giving it a thought. Just like buying a house, there are a lot of things that you have to consider before signing the agreement. The first thing you have to look at is the cost of condos. Just like when buying a house, the bigger the condo is, the higher its cost will be. Condos that are a few hundred square feet cost more than those which are two or three stories high.
The next thing you have to take into consideration is the cost of maintaining your condo. While condos are relatively maintenance-free, this doesn’t mean you can let your bills go and ignore them. Because condos are just like houses, they need to be kept up and if they are not well-maintained, you will have to foot the maintenance bill every month. If you plan to rent a condo, make sure you choose a unit that is in good condition at the moment because these are the units that will be most vulnerable to damage from being neglected.
Since there are a lot of different condo boards in Toronto, you have to make sure you get a unit that is in the right condominium complex. Don’t just choose the one with the lowest rental prices. If you’re going to pay a lot of money just to rent a condo, why not choose one that is within a good distance from your workplace? It might cost you a bit more to live close to work but you will be able to save a lot by using the condo board’s savings on property taxes instead.
Aside from the location, you also have to consider other factors before signing the contract for a condo. For example, the condo board that was handling your lease may not be too interested in how much money you’re willing to pay in rent. The board has to see that you will be able to pay the monthly rental amount without putting too much pressure on them. Another important factor to consider is how long you plan on living in the condo. Most people don’t plan on living in a condo for more than a year or two.
Condo communities offer lower costs of living compared to private housing but not all of them offer lower costs of living. Before you sign the contract for a condo unit, make sure you find out the current cost of renting a similar unit in the community. If the condo unit that you’re planning to rent is in the top list of places where you can find cheaper units, then it’s probably the perfect place for you and your family.
Don’t sign the contract for a condo unit without first checking the current cost of renting a similar unit in the condo complex. It’s best if you find out the current cost of renting a similar condo unit in the same area before you go to visit one. Before signing the contract for a condo unit, also have your lease lawyer examine the contract to make sure there are no extra stipulations placed on it that may affect you later on. You don’t want to end up in a situation where you realize you signed a contract for something that’s not allowed in your condo.