Useful Tips for Buying a Condo

Condo becomes alternative urban residents. The availability of more limited land and the increasingly jammed road conditions make this vertical dwelling a choice of residence. This condition is used by some parties to gain money by leasing apartment units. The rental target of this apartment varies employees, factory workers, to students. However, buying an apartment, especially from stirling residences is different from buying a house. A number of things need to be considered by end-users and beginner investors:

1. Location
Choose an apartment near the work location or other routine activities. Access must also be taken into accounts, such as close to public transport routes and other public facilities, such as shopping centers, hospitals, places of worship, schools, and others. Meanwhile, you can also check out the newly launched New Futura near you.

2. Purchase Price
Apartment prices vary greatly, depending on location, location of the floor, view unit, and facilities. Usually, developers sell apartments in the semi-gross area-which has a difference of 8% – 15% greater than the original size of the apartment unit (net area).

3. Payment
Buying an apartment unit in hard cash is actually more profitable because you can earn substantial discounts (about 15% – 20%).

If finances are insufficient, a cash payment installment may be selected. But usually the tenor given by the developer is only five years old, so the nominal that must be disbursed per month is still quite big. The last option is to use apartment ownership credit. With financing facilities from this bank, you can repay the apartment up to 15 years, so the number of installments per month is small.

4. Maintenance Cost
Another thing to note is the number of maintenance costs (service charge & sinking fund) that must be issued every month.

5. Developer
Building an apartment requires complex procedures and permits. Therefore, the developer must have a guaranteed reputation, so you avoid fraud, appointment injuries, and so on. In addition, the reputation of contractors and building planner consultants also need to know, because it involves the quality and aesthetics of the building.

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