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Your Ultimate Guide: 20 Things to Consider When Buying a Condo

Posted by admin on February 8, 2024
The Puffin Team Real Estate - Lynn Vardy - Your Ultimate Guide: 20 Things to Consider When Buying a Condo

20 Key Considerations When Buying a Condo

Hello future condo owner! If you’re thinking about getting a new home and are interested in a condo, I have listed 20 things to consider. Condos are like a mix of convenience, cool stuff, and living with a bunch of neighbours. But before you say yes to your new place, there are some things you should think about to make sure it’s the right fit. In this blog, we’ll go through 20 important things to think about when you’re buying a condo.

1. Location is Key:

Think about where the condo is. Check out the neighbourhood, see if it’s close to important things like schools, hospitals, malls, and ways to get around.

2. Money Matters:

Figure out how much money you have and make sure the condo you like fits your budget. Don’t just think about the buying price, but also the monthly fees and other costs.

3. Size and Design:

Look at how big the condo is and how it’s set up. Make sure it has enough space for your life now and maybe for later.

4. Fun Stuff:

Check out what cool things the condo has, like pools, gyms, parking, and safety measures. See if these things match what you like and need.

5. Rules and Stuff:

Read the condo’s rules. They might have things like rules about pets or making noise.

6. Fixing Things:

Ask about how the condo gets fixed. Are there people who take care of it, and who pays for it?

7. Selling Later:

Think about if the condo will be easy to sell later. Look at what’s happening with houses in the area.

8. Who Built It:

If the condo is new, check out the people who built it. See if they are good at making quality stuff and finishing on time.

9. Condo Money Health:

Check if the people who run the condo have enough money. This makes sure everything runs smoothly and there won’t be surprise bills.

10. Insurance Stuff:

Find out what the condo’s insurance covers. Figure out what you need to get on your own.

11. Noise and Quiet:

Think about how loud it is in the condo. Consider things like shared walls and if it’s close to busy streets.

12. Sunlight and Views:

Check how much natural light comes in and what views you can see. This makes a big difference in how you feel every day.

13. Parking and Storage:

See if there are parking spots and storage. Check if it’s what you need and if there are extra costs.

14. Getting Around:

Think about how easy it is to move around, especially if someone has trouble moving. Are there elevators or ramps?

15. Saving Energy:

Ask about how the condo saves energy, like with good insulation or efficient appliances. It can save you money in the long run.

16. Pets Are Welcome:

If you have or want pets, look at the rules about them. Make sure they work for you.

17. Staying Safe:

Check how safe the condo is. Look for things like gates, cameras, and good locks.

18. Friends and Lifestyle:

See what it’s like to be part of the condo community. Talk to people who live there, check out events, and see if it feels right.

19. Pro Help:

Find out if pros run the condo or if it’s run by the people living there. Pros can make things work well and handle problems.

20. Future Plans:

Look into any plans for building stuff near the condo. This can affect your home and life later.

In the End

Buying a condo is super exciting! Thinking about these 20 things will help you choose wisely. Do your research, talk to experts, and trust your feelings. Good luck finding your new home, and may it bring you lots of happiness and good times!

Lynn Vardy Realtor at The Puffin Team Real Estate

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