Hello, Avery here – from your friendly neighborhood web design studio! I am going to talk to you today about the relative advantages and disadvantages of landed properties. These are the considerations I made when I started building up my web studio. I had wanted to rent a service apartment to be converted into my studio and then I had second thoughts…
Buying a property should never be a light decision. One of the main issues that a buyer will need to think about before buying one is whether he should look at condominiums or landed properties. Find out the advantages and disadvantages of landed properties here… in my humble opinion of course. 😉
- Better Appreciation
Landed properties are known to appreciate better than condominiums in terms of value as more time goes by. In fact, this particular trend is seen in the majority of landed properties out there.
- More Space
Landed properties are also a much better choice when you look at the living space itself.That was my main consideration when I was shopping around for a place for my web studio.
While condominium owners only own their units and have to share certain common areas with the rest of the residents in the condominium, landed property owners actually own the house and the land that the house is on. This means that they can do whatever that they want to with the land.
Some of the things that you could do with your land if you have a landed property is create a landscaped garden or simply use the extra space to rear your pets. These are some things that condominium owners cannot do. Some condominium owners aren’t even allowed to have pets in the building to begin with! This poses a problem as I am quite attached to Rover and Sammy, my two golden retrievers. :p
- Higher Price
If the most important thing for you is to find a property with a low price, then you might not want to opt for a landed property. Generally speaking, condominiums are known to be much cheaper compared to landed properties, though this will also depend on the layout and size of the properties. In some cases, for example the condominiums in the Kuala Lumpur City Centre (KLCC) area, properties may have sky-high prices – indeed they can be more expensive than bungalows in the suburbs. For more information, check out http://klcccondominiums.com.my – a good resource on condos and apartments in KLCC.
- Fewer Amenities
Some buyers might not be interested in buying landed properties because they do not have the extra amenities that condominiums tend to have in their pre-packaged sale prices. Upmarket condominiums usually have top-notch facilities that fit the top living standards of the people who live in them, for example, such as badminton and tennis courts, a swimming pool, a gymnasium and 24-hour CCTV security systems.
If you own a landed property and want the same conveniences as mentioned above, then you will have to join a gym or a sports center, as well as buy your own security system.
- More Maintenance
Condominium owners do not need to worry about maintenance a lot of the time because the property’s upkeep will be dealt with by the condominium’s management company. This will cost a fixed monthly sum, though.
In the end, the choice to look at condominiums or landed properties will depend on why you want to buy one in the first place, though. If you want to invest in a property, then you might want to opt for a condominium since it will yield a higher return on investment. Plus, it costs less to maintain a condominium unit overall.
However, if you plan on living in the property that you buy, then it would be best to opt for a landed property due to its higher appreciation and bigger living space. In the end, it will simply boil down to your personal living style and preferences, though.
As for me, I finally settled at this place near my house called Desa ParkCity. It’s an awesome place, and I like it a lot. If you wanna come around, give me a call and coffee’s on me. 🙂 Here’s a handy map –