You’re excited to start looking for a condo, but you don’t know where to start. We have the perfect guide for you! Read on to see what things you should be looking at when searching for your new home.
Location
If condo life is for you, then location should be your top priority. Location can mean a lot of things to different people. Schools and access to public transportation are usually high on most lists. However, what’s even more important than proximity to transit or amenities are the surrounding businesses in the area. If there isn’t a good variety of retail stores, restaurants, or bars around the condo building you’re looking at, chances are there will be fewer people out and about.
This means that it may take longer for your condo to sell if nobody wants to live in a location with limited amenities. If this is your first condo purchase, consider renting somewhere close by until you find the perfect place. This gives you time to get familiar with what’s available and where everything is located so when it comes time to buy property in the area, you’ll know exactly what works for you!
Size
Before looking for condos for sale, decide what size condo you want to purchase. Make sure it will fit everything you need. If there are special requirements because of family members or pets figure out how much space they’ll take up before deciding on condo square footage. There is nothing worse than spending months searching only to realize when signing papers that the place is too small!
Condition of property
Condo buildings are made up of many different condo units. Start with exploring and go now for the most appropriate one. This means there will be a variety of condo conditions throughout the building. You need to do your research and find out what kind of condition is typical in your new condo community before you start looking at places.
Look for information about past condo renovations, water damage, or even noise complaints from other residents that might help determine exactly what kind of place you’re moving into. If there have been no updates done on the property over time it’s a good indication that they haven’t spent much money doing work on the condo unit either!
Layout
Another thing to keep in mind when condo hunting is the condo unit’s layout. Make sure that you can fit what you need into the condo space without feeling cramped or overwhelmed by all of your furniture and decor pieces. If there are a lot of nooks and crannies it may be difficult for things like couches, tables, desks, etc. to fit properly inside the condo unit itself.
Check out each room carefully so you know exactly how much space will be available after everything has been moved in!
Amenities
Amenities are another important condo hunting tip. Make sure there is an amenity package to match your lifestyle and needs! If you live in the city, make a list of everything that’s available so you can be certain it will meet all of your condo requirements. It’s important to consider whether or not you’ll need a rooftop patio, pool table, theater room, etc.
Make sure the condo building has everything that’s important to your condo hunting experience! If it doesn’t have what you’re looking for move on and find somewhere else to search. You deserve an environment where every amenity is available with no compromises necessary.
Price
Make sure you’re getting the best condo deal possible! When figuring out your price range it’s important to consider everything that will need to be paid for during and after condo ownership including monthly condo fees, condo insurance, property taxes, HOA fees (if any), repairs, or renovations needed on the unit itself.
Don’t forget about additional costs like parking spaces or storage lockers either! Be thorough in making a list of all these expenses so there are no surprises later on when you look at final condo sale numbers.
Building quality and maintenance records
Since condo buildings are made up of multiple condo units they will need to be maintained and repaired as needed. Look into the building’s history so you know exactly how often things get replaced or updated on a regular basis.
The more frequently condo repairs are done, the less expensive it is likely to be for future condo-related expenses!
If you’re a first-time homebuyer, or just looking to move up in the world and buy your first condo, we hope this list of 7 things will help inform you about what to look for before making an offer. When it comes down to choosing which property is best for you, make sure that all these points are considered before committing. What other factors do you think should be on the checklist?