Independence is a term we used when we are ready to commit and be responsible for our actions. But it can be defined in various ways. One of which is purchasing a property like a condo. It is our first step that serves as our haven where we can make our own decision about our lives, without relying on our parents. But investing in a condo at Treasure at Tampines or other real estate property in Singapore is a decision we should not take lightly. Aside from considering its price, we might as well determine where we can live the longest possible time.
If you are planning to buy one, and think you are ready, you should pay attention and consider these factors.
Determine What Type of “condo” Do You Prefer
Just like a single-family home, a condo at Treasure at Tampines has a floor plan. It is the unit size of the condominium you want to buy. To find out the right floor plan for you, make sure to ask these questions.
Are you living alone? Or with family?
Do you have kids? If so, how many?
Do you prefer a studio or HDB loft?
To further determine what floor plan do you prefer, here are the types available at Treasure at Tampines.
A One-bedroom unit with a study area has 463 to 484 square feet.
Two-bedroom units have 581 to 614 square feet.
For premium, it has 657 to 678 square feet.
With a study area, it has 678 square feet
Three-bedroom units have 818 to 947 square feet
For premium, it has 1,012 to 1,033 square feet
Four bedroom units have 1,238 to 1,270 square feet
For premium, it has 1,281 to 1,335 square feet
Five bedroom units have 1,668 to 1,722 square feet
Get to Know the Real Estate Housing Developer
While you are choosing the unit’s floor plan at Treasure at Tampines, you should also know about its turnover process. It pertains to the real estate housing developer who develops the entire building or condominium. Getting to know this ahead of time gives you an advantage whether what you are buying is considered as an excellent investment.
Learn More About the Payment Scheme
Right after knowing the turnover process, you should also know its payment scheme. Does it require you to pay in full? Or can you pay through instalment? Once you have answered that, check if that suits your income. If it does, make sure to read the terms and conditions of the payment scheme you chose. It will help you see if they are any hidden charges or fees included.
Consider Meeting Up with Your Possible Neighbours
Living in a condominium means you are willing to share all the amenities and facilities with your neighbours. That is why, while checking out your unit, you might as well know who your neighbours are. That way, you will have an idea if you can live comfortably with them. But if you cannot directly meet up with them, here are some ways to know them
Ask the real estate agent.
Interview the guards.
Observe from afar who lives inside the building.
Check Out What the Condo’s Inclusive
This factor might sound silly to consider. But it is necessary to know what the inclusions are. That way, you will have a general understanding of what you are investing for. Be sure to ask these following questions to your rest estate agent or to whoever is in charge of selling you the property.
Does my condo have a reserved parking space, as well as for my guest?
If yes, does the parking space is in a covered garage?
Does my condo have additional storage space?
Does my condo have a personal mailbox?
Figure Out What the Condominium Fees Are
Most condominiums have this kind of payment. This fee covers the insurance and facility maintenance, and each resident is responsible for paying it. That is why before finalising your purchase, be sure, to ask when you have to pay for this fee. Do you have to pay on a monthly, quarterly, bi-annual, or annual basis?
Review the Condominium Rules
Reviewing this helps you determine if the condominium has any curfew, do they allow outsiders to stay in for a day or two? Determining this rule beforehand allows you to see if this guideline suits your lifestyle.
Above anything else, never decide on impulse. Buying a condo at Treasure at Tampines or any real estate property in Singapore is not exactly cheap. Thus, think more than twice before making your decision. If you did and you are determined to buy one, feel free to let them know any time. Get their hotlines on their website today, and see what kind of condo and pricing Treasure at Tampines offers.
