Tuesday, November 26, 2013
Purchasing a condominium unit involves a lot of decision-making. Aside from the usual culprits such as location, developer, number of rooms and square meter area, you also have to decide whether to buy a bare or furnished condo unit.
Both sides have pros and cons, and only you can tell which one is right for you. But here’s a basic guide to help you make the right decision.
The difference between a bare and furnished condo unit depends on the property developer. Generally speaking, bare units usually only have wall paint, basic flooring and plumbing fixtures. The level of furnishing may vary from having closets, kitchen storage and counters, to covering basic appliances such as the range, range hood and refrigerator. It is best to ask your sales agent early on in the process, so you can weigh your options with the right information at hand.
Know what you need, and match it with your budget. Are you a cooking enthusiast who would rather pick out your own cooking appliances? Does your love for design and style make you unsatisfied with the developer’s finishing choices? Or you’re practical and frugal to the letter and would want to make the best out of your money?
A bare unit offers a flexible space to work with. You can practically create anything you want from the space at hand. Your only limit is your imagination. A bare unit provides leeway for full customization. If you’re ready to invest in a unique home you can call your own, this might be the better option for you. However, the downside to a bare unit is the time element. You definitely wouldn’t get to move in right away, unlike with a furnished unit.
A bare unit is cheaper, at least on paper. Research and canvass renovation costs to see how much it would amount to fully furnish a bare unit without the property developer’s help. Know the building’s rules on construction and renovation. There might be permits, fees and fines involved. These are hidden costs in a bare unit that you may have to shoulder, especially if you want to do a full-fledged renovation. - Aislinn Kee