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 are typically drawn to condos due to its low maintenance costs as well as the lifestyle of living in a condominium community. The following points should be considered before you start your condo search:
- 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.
- 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.
- Obtain Financing
- 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.
- 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!
- 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.
We are here to help you! Please reach out with any questions.