Buying a condo isn’t something you do on a la-di-dah whim. You’ll need to consider several things before you can go ahead with your buying decision. Make your life easier with the following tips:
It’s not easy finding condos for sale. Coming up with a list of prospective properties can eat up a lot of time. Hiring an agent not only reduces the time you need to spend on your search, an experienced one can also help you negotiate for a better rate, guide you through the necessary paperwork and find the units that best fit your budget and needs.
Consider the community
Condos don’t exist on an island. Buying and living in one means moving into a community. Some communities don’t have management teams, meaning you and the rest of the residents will have to make those decisions for yourself. While that means lower monthly fees, ask if it is the kind of arrangement you want before you move in, says Money Crashers.
Know the rules
Do you have a large pet? Know what the rules are before you consider buying one of those condos for sale. You wouldn’t want to start negotiations for a unit only to find out that your Belgian Malinois won’t be able to stay with you.
Ask who’s in charge
Does your unit come with a porch? Will you need to take care of that porch or will the community maintain it? Have these issues sorted out before you decide on anything.
Understand the monthly association fees
Get a breakdown of the fees so you’ll know what you’re going to be up against in case you choose that unit. The more you know about the property—fees and all—the easier it will be for you to decide whether it’s the right one for you or not.