While you're renting, understanding condo market trends can help predict rent stability and landlord behavior. Properties in high-demand areas with good resale prospects typically have more stable rents and better maintenance. However, rapidly appreciating properties may face higher rent increases at renewal. Consider the development's age, location, and market reputation when evaluating long-term rental viability.
Landed houses offer more space but lack condo facilities. You’ll likely get a bigger room and maybe a garden or yard to enjoy. However, you won’t have amenities like a pool or gym on-site. It’s a balance: more personal space and privacy in exchange for not having shared facilities.
Look for sun exposure, corridor traffic, and window seals. Older blocks may show wear, so check for water stains, spalling, and musty smells. Test airflow with windows open and closed to understand heat buildup and ventilation effectiveness.
Landed homes lack the security of condos, so you need to be mindful. Always lock doors, windows, and the gate. If you’re on the ground floor, ensure your window has a grille or strong lock. Some houses have alarms or cameras, but day-to-day safety relies on you being vigilant.
Condo deliveries usually go through security. If you're not home, couriers often leave parcels at the guardhouse or management office for you to collect later. Some condos will call you or have lockers for packages. Find out your condo's parcel procedure so you don't miss any packages.
While landlords pay maintenance fees directly, these costs often influence rental prices. Understand what facilities and services these fees cover, as higher fees might mean better maintenance and amenities. Ask about any special assessments or major repair works that might affect the building during your tenancy.
Check for window safety features, electrical outlet covers, sharp corners on built-in furniture, and secure balcony railings. Look for adequate lighting, non-slip flooring in bathrooms, and whether the layout allows parents to supervise children easily. Consider proximity to playgrounds and family amenities.
Renting a whole unit suits those who value privacy and space. It’s ideal for families, couples, or a group of friends who want the whole place to themselves. You can use and arrange the home as you wish, but you also shoulder full responsibility for rent, bills, and maintenance.