The real-estate market has seen a huge boom in recent years across the globe because of urbanization, increase in per capita income and better standards of living. Many new companies are investing in this business; MCC Land a metallurgy business company of china has made its footfall in this industry converting many projects into real dreams, the Poiz Residences is one of them.
Rental housing versus Condominium
The rental housing market has seen a remarkable change, due to the availability of loans, easy payment options through installments people are willing to buy small apartments rather than staying in rental houses. Due to better security, available for more facility the demands of condominiums are increasing.
Cons of living in condominiums
Everything in the world has pros and cons irrespective of whether the thing is good or bad. In the same way condominiums also have some cons regardless of the type of project be it the-the Poiz Residences or some other projects. The cons are:
- Maintenance Fees: although the overall maintenance cost is lower than an own house but you have to pay for amenities like security center, pool, clubs, playground maintenance which you may never use and other fees like monthly installments. So one may fall under financial pressure.
- Obeying rules: since many families stay at one place thus there are certain rules which have to be maintained.
- Difficult to resale: sometimes apartments are difficult to sell because few apartments remain unsold for years thus new buyers will always try to buy the new ones.
Ideas about condominium
Nowadays condominiums are used in three ways like only residential, only commercial and both residential and commercial at the same unit. Like the Poiz Residences is of the third type. And new concepts are coming from country homes are being constructed in large areas where separate cottage type rooms are provided to every family, green condominiums are coming up with the utilization of solar energy and more greenery. In this way we can expect a new type of ideas about condominium concepts in near future.