Have you ever lived in a condominium unit? If like me you grew up in a house with a garden then chances are you have no idea what factors and features to consider when looking at condos for sale. Not being aware of key aspects that could affect your quality of life as well as the unit’s resale value could leave you with a condo you can’t live in or sell.
What to prepare before checking out condos for sale
When a person decides to try buying a condo unit the first thing they do is look through adds, this is one of the most common mistakes buyers make. Prior to looking at units, preparations have to be made which can make looking for a condo easier and in the end more advantageous for you.
Down through the ages people have always said information is the key and looking at condos for sale is no different. Prior to visiting different units hire an experienced realtor. He or she will be able to give you invaluable advice plus his or her services are free since the seller will pay the commission. Another person you need on your side is a lawyer. “Legalize” is a language not everyone is familiar with and it’s always a good idea that we understand everything we sign, trust me on this my siblings are lawyers. Next, crunch the numbers and look through mortgage requirements. Being ready on the financial front will give you a realistic view on what you can and cannot afford.
What to avoid while looking at condos for sale
Unfortunately not everyone is able to realize that small details can make a big difference in ones’ quality of life. The following are some things you may not have thought to take into consideration:
• Steer clear of units that overlook the entrance to the garage or where vehicle traffic is if you value peace and quiet.
• Once again for peace and quiet do not choose a unit across from or beside an elevator.
• Make sure your suite does not look over the area where garbage is picked up; this is self-explanatory but is a detail most people will miss.
• Make sure most of the condo’s occupants are owners not tenants.
• Avoid condo buildings that are not easily accessible by any number of public transport services. Trust me you’ll need the service one of these days even if you do have a car.
• Avoid condo buildings where the neighborhood is not as pleasant as you’d like. The building itself maybe top notch but if the location is not at par then think twice.
• Avoid making a decision before going to the condo several times and at different times of the day and night.
• Remember to chat with the neighbors. You’ll need inside information about the area and if you can stand living beside them.
• Do not commit before you have discussed all the monthly fees, maintenance costs, association dues, closing fees and all financial matters. You need to know you can afford it all without breaking a sweat.
• Do not buy a suite with a view you can’t live with, no matter what the building’s amenities are.