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.
Take advantage of amenities to justify higher rent costs. Use the gym instead of paying for external memberships, utilize the pool for exercise and relaxation, and book function rooms for gatherings. Many condos offer additional services like concierge, dry cleaning pickup, or maintenance services. Factor these conveniences into your rental value assessment.
With multiple rooms and potentially multiple air-con units, electricity costs can be substantial. Consider zoned cooling - only cool rooms that are in use. LED lighting throughout the unit reduces electricity consumption. If sharing with others, discuss fair splitting of utilities based on actual usage patterns rather than equal division.
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.
Agree on clear house rules with your flatmates early. Clarify quiet hours, overnight guests, cooking frequency, kitchen use, fridge space, and laundry timing. Discuss cleaning expectations for kitchen and bathrooms. Check rules about smoking or pets. Setting these expectations from the start helps prevent conflicts and keeps everyone comfortable.
Use the second bedroom as a study (or an office/guest room combo). If both bedrooms are in use, find a nook in the living or dining area for a desk. For instance, a small desk by a window can serve as a cozy work spot. Pick a corner that doesn't disrupt daily living.
Yes – condos strictly limit renovation noise to certain hours. Loud work (like drilling) is only allowed on weekday daytimes (no noisy construction at night or on Sundays). Any repairs or renovation you plan must also be scheduled within the allowed daytime hours.
Condos have by-laws residents must follow. Common rules cover noise (quiet hours), visitor sign-ins, proper garbage disposal, and use of shared facilities. Ask your landlord about any specific condo rules. Abiding by them will keep you out of trouble with management and neighbors.