Comprehensive Guide on Luxury Condo Hunting
In our previous article, we talked about what makes a luxury condo and proceeded to list down the top 8 most luxurious condominiums available for sale in Singapore.
If you’ve decided to hunt for your dream luxury condo, you’ll want to know how to pick the best luxury condo for you before you go out and start the hunting. There are various factors to consider, all of which we’ll go over in detail in this article. Therefore, without further ado, here are the essential factors to consider while selecting a luxury condo:
1. Decide on the size you require
Luxury condos are available in a variety of sizes. Some units are 300 square feet in size, while others are 3,000 square feet. Before you begin your search, you must first determine how much space is required and then set a minimum size restriction for yourself.
You can probably get by with any size residence if you’re living alone. However, if you share a space with others, you’ll want something at least 600 square feet.
Consider your comfort levels when deciding on the size of a condo. Do you prefer to rub elbows with others or prefer to have a lot of breathing room? This will have an impact on how low you may set your minimum space need.
2. Decide on how many rooms you need
After figuring out your space requirement, you’ll need to figure out how many rooms you’ll need in the condo. Of course, this is entirely contingent on your specific circumstances.
A studio or 1-bedroom condo will fit you just fine if you’re a minimalist living alone. On the other hand, if you want to set up a recording studio in your home, you’ll probably need something with two or more bedrooms.
The majority of condos feature one to three bedrooms. Therefore, if you want something with more than three bedrooms, your options may be limited.
3. Pick an area you’d like to live in
The location of the condo is just as significant as the condo itself. After all, you could be able to afford a 5-bedroom apartment, but it’s probably not going to fit you well if it’s in a secluded location.
Perhaps you’d want to be near the local university? Perhaps there’s a strip of bars you’d like to be close to? Or maybe you wish to be close to friends? In any case, you must evaluate several neighbourhoods. If you rent a condo in a dangerous or unappealing area, your quality of life is likely to suffer.
4. Consider the amenities you need
Another factor to consider is the amenities you’ll need. There are a variety of amenities available in luxury condos, including in-unit washers and dryers, in-unit hot tubs, communal swimming pools, community tennis courts, and more.
These features may or not be necessary to you. First, you must determine which amenities are must-haves for you and look for a condo that fits your needs. Generally, you can learn about luxury condo facilities by visiting the condo complex’s website.
5. Set a budget
You probably don’t have limitless cash to throw at a rental. As a result, you’ll need to create a budget and keep to it.
Setting a maximum monthly rent price can help you narrow down your possibilities. After that, you’ll be able to focus on condos that are specifically matched to your budget. It’s worth noting that the cost of your rent should not exceed 30 per cent of your monthly income. There is some leeway here, but you don’t want to spend too much money on living expenses.
6. Read reviews on the condo
Reading online reviews is also a crucial element of evaluating condo-buying possibilities. You can get many evaluations from previous tenants by putting in the condo’s name. These reviews will give you an idea of the apartment complex’s quality and address any queries you may have.
Reviews are beneficial when comparing condo sizes. These reviews can be used to compare two or more condos, assisting you in making the best decision possible.
However, you should keep in mind that reviews alone should not be used to make your final decision. It’s crucial to realise that reviewers have their own prejudices, contributing to favourable and unfavourable evaluations.
7. Visit the condo before signing the lease
Our final advice is to inspect your potential condo before signing the contract. Pictures alone aren’t enough to give you a sense of the space. You can only wholly grasp what you’re getting into if you see it in person.
Ensure the condo unit has all of the features you’re looking for when you see it. Take a thorough look at the various components throughout the unit if aesthetics are important to you.
You’ll also want to double-check that all of the appliances are operational. Make sure that everything is working properly by flushing the toilet, turning on the faucets, and flipping the light switches. You don’t want to spend a lot of money on an apartment that isn’t entirely functional.
At the end of the day, choosing a luxury condo is all about making the correct decisions. First, you should be able to limit your alternatives if you consider the variables mentioned above. Then, once you’ve narrowed down your options, choose the one that best meets your requirements.
Do you need more help in finding the luxury condo of your dreams? Then, get in touch with us at SG Luxury Condo, and we’ll make your hunt for a luxury condo easier!