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Condo Living The Way Of The Future

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Laura. Condominium. April 26th , 2017.

I went from buying my own condominium and a car for myself when I was 17 on 'The Facts of Life' to not being able to pay my rent. I was at the unemployment office all the time. I had to sell my record collection just to make ends meet. And then I started getting these voice-over jobs. -Pamela Adlon-

Over the last decade, high‐rise condominiums and apartments (residential complexes with shared recreational facilities) have been springing up entire the world. The 'condo–culture' trend is fast developing into a way of life and condo—developers and architects have been pushed to move with the times.

The luxury of living in holiday―like surroundings on a full‐time basis is the obvious attraction for most residents. “Where most other people would want to go for a vacation ― you live” is the theme condo developers use to attract young, middle‐income couples with growing children. ‘Yuppies’ and businessman with a view to a comfortable retirement.

Potential condominium buyers would be wise to ponder the following factors: The development′s location and masses transport accessibility. The total soil area and that of the individual units (it would be prudent to compare the difference in price between a studio and 2 bedroom as well as the larger units). The land lease–is it for 99 years, 999 years or freehold? The public amenities availability. The maintenance bills. Essential upkeep services. A security system within your unit and around the condominium itself. Parking facilities, are the lots provided sufficient if a family has two cars? Is the carpark covered?

Checklist aside, condominium developments are highly competitive. Each tries to out—do the other in terms of the various facilities offered, location and surrounding ambiance. In the words of a local architect, ″a customer who buys a condominium expects a lot in return. A park‐like environment almost at one‵s back door has its advantages. One can hold garden parties on a regal scale not possible in a private home and hold them with a certain level of privacy, too″.

Developers have also taken the sizes of projects into consideration when planning the amenities. Split—up facilities are now the norm where a project has over than a thousand units.



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