Real Estate

Pros And Cons Of Freehold Condo Singapore East

A freehold condo singapore east, also known as a condo, is the type ofhousing tenure and the other real property in which a specified part of a portion of real estate is owned individually. Use and access to the commonconveniences in the portion, such as the heating system, hallways, exterior areas, and elevators, are carried out under the legal rights associated with individual ownership. These conveniences are controlled by the organization of owners that represent the ownership of the whole portion jointly.

Uses of various freehold condos

freehold condo singapore east

Like everything, living in a Freehold Condo Singapore East alsohas some pros and cons. The benefits of living in a Condominium include that they are way cheaper than the traditional family houses. This way, people will be able to afford to livein more expensive neighborhoods. When you live in a specified part of a property, you manage to have an easy lifestyle. For example, the owners of the Condominium homes are responsible for the management of exterior, maintenance of the common area, cover roof replacements, and all the other expenses that you have to make while living in a separate family home. These types of homes are worry less. There is no fear of the safety of the house. You can just “lock and leave” these good vacation homes. Another benefit of living in a home-like this is that they provide you with other amenities like a communityswimming pool or a playing area where you can play cricket or football whenever you want.

Parking in such a living area is a major problem because there are no wards or personal space for a single house to park their vehicles. Some of the buildings don’t have lifts and people have to use stairs unwillingly.