4 factors to consider when choosing between rentals and condominiums

Without further ado, let us get on with it!

  • The average time duration of the stay

The question here is simple; how long you are going to stay. If you’re looking for more of a permanent place, given that the solutions work for you, you should definitely go for a condo. Because although you will be paying maintenance fees, you will be owning the place, unlike a property that you rent out. In a context like this, you must be careful with the money since renting places typically require the rent at least up to few months, which is quite costly.

  • Monthly income of the residents

If you are one of the well-paid people in the country, the chances for you to go for either for these options is least. But then again, you may need to decide on the exact amount that you can allocated. If you are someone who is liking alone, or if you are living with your partner, then the options that you are looking for would be relatively low cost. For an example, you can try going for a new condo sembawang which will be the relatively cheaper option with all the amenity and an amazing second-hand market. In the end of the day, we all need a great place to live in peace and this is one of the best options.

  • The availability of the properties

At first, it would be extremely hard for you to find properties given how it is hard to find sellers. But on the other hand, you have to struggle for the best solutions, or should you? Your struggle will be definitely least if you went for a property company. That way, you will see that there is an abundance of condos available all around the country whereas the renting places are minimal. The point you need to see here is the involvement of property companies for hassle-free solutions.

  • The nature of the environment that you’re looking for

You also need to consider the nature of the environment that you are to live in. Most of the time, renting environments either tend to be extremely good or extremely bad; this can be seen not only in Singapore but all over the world. However, the situation with condos is different. If you did some look-sees, you would see that there is a lot of options spanning throughout the place. But it isn’t like you will have no renting solutions, but you will have to look for the better solutions.

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