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Things You Should Know When Purchasing Condominiums

Purchasing a condo in Bangi or anywhere else in Malaysia, is a terrific way to get into homeownership without having to deal with all the maintenance that comes with single-family homes and town houses. Condo owners often have access to common amenities and the condo association is responsible for building upkeep. Condos, on the other hand, aren’t for everyone, so you should first determine your lifestyle and financial requirements.

Condo associations are generally in charge of shared spaces. Usually, the association serves as a supervisory board and engages a property management business to handle maintenance, contact with residents, and other responsibilities. Condo owners are responsible for their own property taxes, utilities, and upkeep, and also, depending on the community, occasionally exterior care. Condo associations can vary depending on the specific needs of each property. Some may charge extra fees to cover shared expenditures like unanticipated building repairs or condo board-approved new features.

Think about your way of life.

Do you dread mowing the grass and trimming the hedges?   Are you worried about the cost of a new HVAC unit or a new roof? Condo living might be right for you if you responded yes to these questions.

If your desire for a large backyard surpasses the effort required to maintain it, a town house or single-family home may be a better fit. Likewise, if sharing walls, ceilings, or floors with a neighbour is undesirable, a condo might not be the best option. Condos are perfect for people who are fine with most elements of apartment life, except for the built-in upkeep.

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Make a list of the facilities you desire.

Condos can come with a wide range of features. Make sure to discuss the sorts of facilities you desire with your Realtor, as well as other variables like location and price, so you can discover the right house. When you acquire a unit, you’re getting access to these facilities, so don’t be hesitant about putting them on your wish list.

Keep in mind that features you won’t utilize — like a pool — may still be worthwhile to have because a condo that lacks the amenities of others in the neighbourhood may fetch a lower sale price when you try to resale.

Investigate the property management firm.

It’s critical to know who will be in charge of the property’s care, since you want your apartment to be well-kept. It may be aggravating to pay HOA dues only to have the facilities fall into disrepair, and bad management can have a negative impact on the value of your home or increase your HOA dues.

When inspecting condominiums, inquire about who is in charge of day-to-day operations. You can contact the property management firm directly with inquiries about who handles resident requests and community rules. Consider conducting your own investigation into the firm’s reputation, such as learning about other projects they manage and speaking with board members to determine if they are happy with the firm’s services.

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