There are a lot of things that you need to think about before you buy any property, whether it is a condo or house. You realise that what is absolutely essential in the whole deal is if you are getting value for the money you spend. Buying a condo is not like going out and buying yourself a good set of clothes; It is something that is a lot more permanent; you are going to live in this house for the next couple of years or maybe even a lifetime along with your family; therefore, you do need something that you are going to be happy using. Apart from the actual location and the amenities that you would like to have easily accessible to you, there are many other things that also there come into play. When buying the Northumberland road condo price keeps popping up as a primary element. Am I paying the right price for this piece of property which is in a prime location in Singapore? This is the commonest question that an investor asks.
Makes More Sense Buying
When you start thinking about a condo in a particular area, the one thought that comes to your mind is whether you should be renting it or buying it. There are many pluses and minuses to this debate, but it would be essential for you to understand why it makes more sense, in the long run, to buy the property rather than rent it for a prolonged period. In case you have been working in Singapore for a long time, it would make more sense to invest in a property like the one on Northumberland road instead of renting one there.For instance, if you have just moved to Singapore and you are in a position that is fairly high up in the ladder in an organization, buying is a good idea. Also, if you have not been provided accommodation by your company issue com, you should be thinking about buying a home. The rents in Singapore are astronomical – so renting an apartment might not really be a good idea to think of.
In a country like Singapore, it is quite easy to approach a bank and workout a proper plan through which you can buy a property without too much financial stress. Based on your income and the value of the property, banks recommend proper financial planning to help you pay a loan over a period of ten or twenty years.