4 Considerations before renting a condo

Singapore has one of the most complicated housing situations as they are usually expensive. However, there are many housing arrangements available in Singapore. There are houses, apartments, and condo for rent Singapore units available. There are many advantages and disadvantages connected to these housing types that is why you should be careful when choosing one. 

The process of choosing your home should be a well-planned one because you will be spending a good amount of money on it. If you are to choose a condo to rent Singapore units, there are things you must know and can talk about with your Singapore property agent. So, in this article, we will discuss the 5 considerations before renting a condo in Singapore. 

#1 Location

One of the most important things to consider when choosing a condo for rent Singapore units is its location. Location is very important because it can save you money and time in the long run. The condo or apartment location should be near your workplace to save time when going to work. The most ideal condo for rent Singapore units is one that is near transportation services and necessities like the grocery store. Thus, everything is easily accessible to you. You will not have to spend so much on transportation costs just to get to the grocery. You also will not have to spend on transportation if your workplace is near.

Take, for example, Ryan and his living situation. He is located two train stations away from his workplace. Thus, he has to wake up a little earlier compared to his workmates who live nearer the office. He also has to spend on train fares instead of just walking to work. These kinds of expenses will be a big chunk of money when added as monthly expenses. 

While Sarah lives just three buildings away from her workplace. She is also near grocery stores. She has accounted that the money she saves from walking to work can be allotted to her necessities such as food and other utilities. These kinds of situations are important especially if you are working. It may not look like a big amount in the beginning but you will be surprised by how much money you can save just by choosing a strategic condo location. This can be arranged by your Singapore property agent. These agents will know where the most strategic location is for you. 

#2 Amenities

Another thing to consider is the amenities. Amenities are usually pools, gyms, grilling areas, parking spaces, and gazebos. These are extra facilities that the condo for rent Singapore developer adds to make the condo or apartment more attractive to buyers. Condos are usually expensive because of these added facilities. You can opt to rent in a condo where there are more or fewer amenities as this would also dictate the price range. Some condos don’t come with parking spaces making it more affordable. The Singapore property agent should be able to find you the perfect unit that is the best fit for your lifestyle and budget.

#3 Rental Fee

Given that these condos are usually expensive, find one that you can afford. An expensive condo does not mean that perfect condo. There are many condo for rent Singapore units that would cost less but are more perfect for you. Know your budget from the start to avoid getting an overpriced unit. You have to be transparent to your Singapore property agent about your financial capacity. This way, they can give you the best deals that you can afford. 

#4 Additional fees / maintenance costs

Condo for rent Singapore complexes are shared spaces. This is why the maintenance fees or costs are also shared by the tenants. These costs are for the maintenance personnel, utilities like electricity and water, and building tax. Some condos ask for a little more than it usually costs so you have to be careful. You should make sure that you are getting your money’s worth in these kinds of expenses. Your Singapore property agent would know how these things work. So, they should be able to guide you on which condos or apartments are most practical. 

Know more with us

There are many housing options in Singapore, you just have to be careful when choosing which fits you the best. With SRX Property, we list down tips and reminders when choosing the perfect property for you. Visit us today to know more about the property market in Singapore.

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