Many who own a condo and are either renting or owning their own home would have a tough time choosing between landed vs condo. There are many advantages of owning a landed home such as Belgravia Ace. There are so many advantages to owning a condo and landed simply because of the cost. Although both cost less than buying a house, they have distinct differences that could make one of them the better choice. For one thing, when it comes to taxes, landed properties are usually more affordable. The land charges per unit are lower in a condominium than in a home. Landed properties also cost less for the owner to maintain because there are fewer possessions to maintain.
On the other hand, when it comes to resale value, a landed community is still much higher. A home is much more valuable when it has a built-in value built-in to it. A condo is bought but never lived in and that’s the biggest drawback to purchasing a condo rather than a home. It loses its resale value and because condos aren’t sold often, they stay that way most of the time. Please see Belgravia Ace Location at Ang Mo Kio Avenue 5.
Belgravia Ace Landed by Tong Eng Brothers
One thing you can count on with a condo is that there will be no personal belongings. When you have a home, you bring your furniture with you. You also bring the carpeting, the kitchen appliances and other household items that are in your home. With a home, you cannot do that.
On the other hand, when you buy a landed property, you have full ownership of the property and everything in it. This includes the building, all the personal stuff and your improvements. After you pay the mortgage and the taxes on your condo, you own the entire thing. Your personal property value is the same as your landed property value.
In addition to the actual value of the properties, a landed community also allows you to build up equity. In fact, some people don’t even worry about the equity issue when they choose between a condo and a home. If they have great credit, a landed community is attractive because they don’t have to put all their money into the property. When you buy a condo, the down payment is tax-deductible. If you have great credit, you might be able to negotiate a better interest rate.
Belgravia Ace Landed Vs Condos
Landed condos like Belgravia Ace can also be a great option if you are buying a home. Most homes are more expensive now than they were in the past. If you can build the condo on the land you own, then you might be able to use the equity in the property to finance the home. If you have a smaller budget, you can probably live in the condo yourself and enjoy the equity it offers.
Another advantage to owning Belgravia Ace landed community instead of a condo is that you don’t have to worry about the maintenance. Landed communities are maintained regularly by a private company. In most cases, the company has a contract with the condo owners to take care of all landscaping and snow removal needs. If you own your own home, this maintenance can be a nightmare! With a condo, the landed community owner takes care of landscaping and snow removal, so you can focus your time and money on enjoying your home.
The advantages of owning Belgravia Ace landed community over a condo are clear. If you have bad credit, a condo may not be your best option. Landed properties usually offer lower prices than condos, but they still offer great value for your dollar. You won’t be held to a mortgage to pay for the property, so you will be saving money. For home owners with good credit, a landed community can be the perfect investment to make.