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 Would you buy a 20 year-old condo or apartment?, Take your pick!

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TSSkydrop
post Jul 12 2010, 10:04 AM

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QUOTE(SowYau @ Jul 10 2010, 09:02 AM)
I realize those condo buildings façade which have been re-painted, looks refreshing and new regardless of what "happen" inside.
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What do you mean 'what ''happen'' inside? mind to elaborate more?
lexiqa
post Jul 12 2010, 10:03 PM

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of coz new is nice. but considering it's a building, anything less than 100yrs also ok to me as long as well-maintained.
jam_lennon
post Jul 13 2010, 10:08 PM

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do take in the concern which the loan approval, my fren bought a >20y apartment @ 150k, but after access by bank loan evaluator(i dunno wat's the exact name) that apartment only worth 135k therefore my fren can only take up to max 135k loan
TSSkydrop
post Jul 14 2010, 10:07 AM

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QUOTE(jam_lennon @ Jul 13 2010, 10:08 PM)
do take in the concern which the loan approval, my fren bought a >20y apartment @ 150k, but after access by bank loan evaluator(i dunno wat's the exact name) that apartment only worth 135k therefore my fren can only take up to max 135k loan
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Sad to say jam-lennon, this one is true and it is happening in lotsa places (locations) & properties regardless of the age of the property. People call it 'bubble'.
dvinez
post Jul 23 2010, 05:45 PM

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i bought an old link house around 18 years old, majorly renovated/changed everything i can..and so far so good, a good location i can say.

at least for me, and it can be rented out without any problem when i bought another house. smile.gif
cutealex
post Jul 23 2010, 08:10 PM

Buy Lands,Properties& Precious Metals..
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Depend location & condition of the condo lor
jeflloyd
post Jul 23 2010, 08:27 PM

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i'll get it for a rental purpose as long as its not more than 30years old =]

Yes for me =]
tkhpeng
post Jul 26 2010, 03:48 PM

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Many things need to consider,
No.1 is Cost
2. Location
3. Free or Lease hold
4. Building outlook
5. Environment
......

Seremban_2
post Jul 26 2010, 05:21 PM

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For Condo or Apartment, need to look into the lift whether often giving problem.
zetkramer
post Oct 29 2010, 06:15 PM

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QUOTE(cranx @ Jul 10 2010, 12:19 AM)
some less than 20 years old condo already look quite run down. Shang Villa. (15 years?)
value could increase tremendously if the whole building gets a repaint, and a major clean up of the interiors.
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Shang Villa is 15 years old already?. I could not find the history of this place though,,it is that run down?..I thinking of buying cheap unit here,,if available.. unsure.gif


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