With the growing boldness in the urban lifestyle of living, it is increasingly widespread, the tendency to buy and live in a condo. This positivity of the notion to live in the residence is more supported by the consideration of price and efficiency of the central location of residence with daily activities. For example, you can take a look at the Park Place Residences price. However, there are actually some other things one must consider if one wants to live in a condo building other than just the price and location. Some of the other things are as follows:
– Developer’s Reputation
The reputation of the project owner, or also often called as the developer, will largely determine the quality rather than the condo project. Other than that, by entrusting your investment to developers who have been proven to be reliable, the possibility of the project getting delayed by the developer because of the limited financial capacity that is also getting reduced will be able to be avoided. You also need to keep in mind also that the developers who have a good reputation should be trying to protect that reputation. It is good for prospective buyers to compare and find out inputs than the owners of residences in the developer projects that have been completed.
– Layout and Project Unit Mix
By knowing the layout and mix of all units in the project, as a buyer, one can also consider the potential success of the project. For example, if the condo has a studio unit in the majority, it is likely intended to attract buyers who are still students at first. Otherwise, if the condo has a lot of 2-bedroom and 3-bedroom units, it will be most likely aimed at buyers who already have a family or move in with their families. By this, one will be able to know whether the target market is an appropriate and decent condo for the price and location offered.