Have you ever lived in a condo unit? If, like me, you grew up in a house with a garden, you probably have no idea what factors and features to consider when looking for condos for sale. Not being aware of the key aspects that could affect your quality of life, as well as the resale value of the unit, could leave you with a condo that you cannot live in or sell.
What to prepare before reviewing condos for sale
When a person decides to try to buy a condominium unit, the first thing they do is check the ads, this is one of the most common mistakes that buyers make. Before searching for units, preparations should be made that can make searching for a condo easier and, in the end, more advantageous to you.
Throughout the centuries, people have always said that information is key and searching for condos for sale is no different. Before visiting different units, hire an experienced real estate agent. He or she will be able to give you invaluable advice and their services are also free since the seller will pay the commission. Another person you need on your side is an attorney. “Legalize” is a language that not everyone is familiar with and it is always a good idea that we understand everything we sign, believe me, my brothers are lawyers. Next, break down the numbers and review the mortgage requirements. Being prepared on the financial front will give you a realistic view of what you can and cannot afford.
What to avoid when looking for condos for sale
Unfortunately, not everyone is able to realize that small details can make a big difference in the quality of life. The following are some things you may not have thought to consider:
• Stay away from units facing garage entrances or where there is vehicular traffic if you value peace and quiet.
• Once again, for peace and quiet, do not choose a unit facing or next to an elevator.
• Make sure your suite does not face the garbage collection area; this is pretty self explanatory, but it’s a detail most people will miss.
• Make sure the majority of condo occupants are owners and not renters.
• Avoid condominium buildings that are not easily accessible by any number of public transportation services. Trust me, you’ll need the service one of these days, even if you have a car.
• Avoid condominium buildings where the neighborhood is not as nice as you’d like. The building itself may be top notch, but if the location isn’t up to par, 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 will need inside information about the area and if you can stand living next to them.
• Don’t commit before you’ve discussed all monthly dues, maintenance costs, association debt, closing fees, and all financial matters. You need to know that you can afford it all without breaking a sweat.
• Don’t buy a suite with a view you can’t live with, no matter what the building’s amenities are.
Happy hunting.
