things to consider when buying a condo

It is important to have a critical eye when looking at a condo unit you are looking to buy in any particular building. Observe where the building is situated, how close is it to rail tracks, highways, airports, factories or other sources of noise, street light or traffic that could affect the property.

7 Useful Tips when Buying a condo unit 1. location, location, location. 2. Track Record and Reputation of the Developer. 3. parking. 4. noise. 5. Amenities and Population Density. 6. Association Dues. 7. Rules and Regulations.

No one should base their decision to purchase a condo on the amenities, but it does make sense to consider whether or not you’re going to use them. An on-site weight room, for example, can save you.

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 · We’ve included 10 things you should know about buying a condo, so you can enter into the decision well-informed: 1). shared responsibility. t’s important to know that when you purchase a condo, you’ll be sharing the responsibility of upkeep with the homeowners association.

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There’s definitely an appeal to buying a condo that comes with amenities like a swimming pool or tennis courts. You won’t have to manage the upkeep of those amenities yourself, nor care for the lawn or garden. Condos also come with a great built-in opportunity for a resident’s social life.

Whether you’re planning to live in your beach home full time or you’re buying one as an investment, there are some things to know before you dive in. major mistakes to Avoid When Buying a Beach.

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One of the more essential questions to ask when buying a condo is how much money is contained in the reserve fund. Finding out what’s in reserve is important because it establishes the financial health of the association. You want to know if the association has budgeted enough money if an unforeseen expense arises.

Are you looking at buying a condo as an investment? If so, how do you know if a condo is a good investment? There are several calculations you can go through, and questions to address, to determine the answer.

Here are the things that you should know and consider before you buy your condominium unit. There is more to mornings than your usual daily-paper-and-coffee habit. GMK showcases heightened and.