Lesser Known Issues To Know Before Buying A BTO Or New Condo
Embarking on the journey to homeownership is an exciting venture, and for many in Singapore, it often begins with the consideration of Built-to-Order (BTO) flats or newly developed condominiums. While these options offer modern amenities and the promise of a new, personalised space, there are some lesser-known issues that prospective home buyers should carefully weigh before making this significant investment.
Here's a comprehensive guide to help you navigate the complexities and ensure a well-informed decision:
1. Renovation is everywhere
Noise can pose a significant challenge in new BTOs or condominiums, impacting the overall living experience for residents. Whether it be surrounding urban areas undergoing rapid development or renovations taking place in neighbouring units, these activities can contribute to elevated noise levels.
As such, prospective buyers should plan on moving in at a later date, as well as consider the surrounding environment, proximity to busy roads, nearby construction projects, and the design of communal spaces within the development. Assessing noise reduction features and soundproofing measures may also help mitigate potential disturbances down the road.
2. Unforeseen changes in the vicinity
The landscape around your chosen BTO or condo might not remain static, especially if it’s located in a new residential area. We recommend keeping an eye out for potential changes in the neighbourhood, such as upcoming construction projects, new developments, or changes in zoning regulations. These factors can influence your living experience and property value.
3. Quality of workmanship
The rush to complete BTO projects and condos might sometimes compromise the quality of workmanship. These days, it’s not uncommon to see residents complain about poor workmanship and materials used for their new homes. Before moving in, conduct a thorough inspection of the property by looking for any signs of shoddy construction, finishings, or potential issues that might arise in the future.
4. Infrastructure strain
The sudden influx of residents or a new development can strain local infrastructure, such as roads, public transport, and utilities. For example, the network of buses may not be fully implemented or organised, making it slightly inconvenient or inefficient for residents to get around. Buyers should, therefore, take into account this factor if they’re looking to move in early or their homes are not situated within walking distance to MRT stations.
5. Community dynamics
Fostering a sense of community in a new housing development can be challenging due to the fact that residents have not gotten to know one another. The diversity in terms of demographics, interests, and lifestyles may make it harder to promote and maintain a close-knit community. Prospective buyers should explore the development's community initiatives and facilities, which are commonly displayed in lobbies and elevators, to take part in social interactions.
Conclusion
Navigating the nuances of buying a BTO or new condo involves careful consideration of these unspoken issues. By being well-informed and proactive in your research, you can approach this significant investment with confidence and create a foundation for a fulfilling homeownership experience.
Fortunately, NeezaNizam, the leading housing agent in Singapore, is here to make the home-buying experience as seamless and stress-free as possible. With over 14 years of experience in the local real estate market, we have adequate knowledge and skills in dealing with property transactions, from asset progression and securing a loan to CPF regulations. We also specialise in helping residents upgrade from HDB to EC.
For more information, please reach out to us here.
