Purchasing a condo is not the same as buying a home for a single family. Considering most instances, condominiums offer a wide range of services such as fitness centers, tennis courts, and pools. People, especially younger and older individuals not interested in regular home maintenance, are typically drawn to condos. Many times the location of a condo provides a different type of lifestyle as well. Before you make the leap to purchasing a condo make sure you think about these 5 quick tips:
1. Determine Whether a Condo is the “Right Fit”
Ask yourself this question: “should I buy a condo?” That is, evaluating the pro’s and cons is a necessity because there are some pretty big differences between condos and single family homes. Does the condo lifestyle fit your needs? Do you like living in a more urban environment? Is direct access to a beach a big pro or does the transportation and commute make it more of a hassle?
2. Hire a Real Estate Agent Who Has Experience
Unlike buying a single family, multi-family, or vacant land, buying a condo is a very different process. So make sure you are working with a real estate agent who understands what needs to get done to avoid any mishaps.
3. Obtain Financing with an Expert
As it is the case with buying a family home, make sure you contact us to get pre-approved before you start your search. We will walk you through any questions you have. We have extensive experience and 5-Star testimonials from people who have purchased in condos.
4. Enquire What the Condo Includes
Knowing the features of the condo is very important. Some condo’s include parking, snow removal, landscaping, security, pool, events, etc… Make sure you know what you will be paying for!
5. Examine the Association Rules
Considering the close proximity of most condos, community rules and regulations are necessary. With this issue, many associations are equipped with regulations for peace to reign in the community.