Do not be Haste in Decisions
Whether you are looking to buy a Condo in Singapore or rent one, do not make haste in finalizing the place. You need to give yourself adequate time when hunting for a home in Singapore. If you can afford, keep at least a month’s time finding the right house. You will need a significant amount of time for inquiring, researching, viewing, and comparing different properties. First, shortlist a few condos that meet your style and ideal requirements and then compare them each other before making a decision.
Get to Know the Real Prices
When you are searching for the house, it is always good to gather as much information as possible. You should know about the market price of condos you have shortlisted. Majority of the landlords follow the market prices but are willing to negotiate the rental rates to lease the property at the earliest. If you have knowledge of rental prices in the market, you will be in a better position to negotiate the rental after having a look at the condo
Here are few tips that will help you get a real idea of rental prices in the market:
- Do not just believe what you hear from other people. It is not enough to get the real rental prices.
- The actual rental rates are lower than shown in advertisements and classifieds. Majority of the landlords add 10% to 20% to the minimum rental price to leave room for negotiation..
Pay Attention to Listings Without Photos
Since photos attract attention, some landlords advertise their condos with photos. Majority of people are more interested in checking out these condos than those which are without photos. If your budget is limited, you should consider not only condos with pictures but also those without. You probably will not be able to bargain much in case of the former, because, as said above, the demand for them is greater. However, condos which are advertised without photos can also be equally good, and you will be able to bargain more. That is why you should shortlist some condos advertised without pictures and personally visit them to check if they meet your needs, taste, and budget.
Avoid Renting a Condo with Unwanted Facilities
In many cases, you will find condos which are luxurious due to modern facilities they come with. They might have facilities like semi-professional gyms, jogging tracks, tennis court and great pools. You might get carried away by such facilities but the real question is, do you need them? The rent of the condo is related to its luxurious facilities. It is always a good policy to rent a condo which requires the necessary facilities as per your lifestyle.
Location is important
The location of the Condominium in Singapore affects the rentals. If it is located in a prime location, expect to pay a higher rent for it. Facilities like schools, connectivity to other regions of Singapore, healthcare facilities, shopping convenience play a major role in the final rental price. However, you do not necessarily have to consider the best locations. Those with facilities that you require should do just fine. For instance, if you need good connectivity, a place with this feature will suit you fine. You do not need to take a condo in a location which has excellent international schools, ultra-stylish malls, and best clubs on top of good connectivity.