Best tips for condos

Best tips for  condos

Buying off plan gives you the opportunity to select your floor plan from a wide range of choices. You can pick among a myriad of features and improvements, making sure that when you move into your new condo it’s exactly what you wanted, finished to meet your specific requirements to provide you with a house that is something you’ll be proud of and be happy for many years to come.

A key thing you will notice when buying any condos off-plan is that you will receive a discounted price. Once the units are complete and sold, the price of condos usually increases as a result. Being  early can help you find the best price however, at the same at the same time, the sooner you make your purchase commitment the more likely you will be to buy completely off plan before the foundation is laid.

Another reason you may want to look at a condo sales off-plan is that you will be able to take the ownership of your condominium however, you also get to have a lengthy settlement that gives you a much needed breathing room when making such a big investment. The payment is usually completed after the project has been complete and the transfer has taken place and this happens just when you are ready to move into the residence and start enjoying your future. 

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.

Make sure you conduct your own research into the developer, the builder, the architect and engineers. Make sure that the building that you’re considering is built by the most reputable local construction firms and is managed by the top developers therefore you can purchase the property without any doubt.

The location is crucial in evaluating condo sales off plan. You should locate yourself in an area that is considered to be prestigious, an area in which you can be sure that you’ll get a decent yield on investment future. Keep in mind that when searching for good areas, you will spend more money for a one-family homes as opposed to condos off plan. Once the condo is complete it will appreciate in value than it was before, meaning you’ve got the opportunity to invest in a great location that you can take advantage of.

There are several important things to consider when it comes to the contract that you sign. Read every line in detail and ensure that you are familiar with the contract and let your lawyer read the contract and guide you through sections you don’t understand.

The first thing you should look out for when negotiating the contracts is whether or not there is the “Cooling Off” clause. Today, every contract should include this clause when purchasing off plan. This clause grants you the opportunity to choose a time in which you are able to pull out of the contract should you change your mind for any reason. Make sure to read the contract carefully to make sure that you’re given the option of a cooling-off period to ensure your mind is at ease.

Next you want to ensure that the complete details of the plans you have chosen are detailed and incorporated into the contract. This way in the event when your unit is completed there’s something wrong or isn’t as you wanted, you can have it rectified. This clause ensures you know the cost and ensures that the contractor is able to complete your specific condo in accordance with your personal specifications.

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