If you’re thinking to buy a condominium or condo for short, it can be quite a hassle, with taxes, locations and also to contact the movers. Here we have listed several simple tips to buy a condo; we won’t get into the complicated details, just the simple tips for you to choose the right condo that fits your criteria and also your savings.
Hire a real estate agent
Hiring a professional help is not a wrong choice, if you have no experience with real estate or properties, consider hiring a professional service. Yes, you’re paying them some fees, but they’re there to make sure you get the right condo that you want and also, they’ll guide you through the process and making sure that all the essential documents are taken care and not overlooked.
Check the location of the condo
Make sure that you buy a condo that fits your liking and also near your workplace. If your new condo requires you to commute for more than hours, you might reconsider for another building near your workplace.
It can be quite hard to find the condo as they have lots of options and in different places, consider asking your neighbor or look at websites to find condos for sale, which will help you to find the condo with the criteria that you want.
Know what the condo offers
This next tip is often overlooked by buyers, before purchasing your condo you need to make sure you know what the condo provides for you. For example, does it have an additional parking spot when your guest comes over? Are there other amenities that might cost you some fee like pools, gyms and perhaps a lounge? Knowing this tip might save you some extra dollars that could go to other expenses such as buying new furniture, painting your new condo, etc.
Know the property value
We can’t predict the future, but at least find out about your property value, is there any prediction that the price will go up in a few years? If you’re planning to stay in your condo for more than five or six years, then ignore this tip, but if you’re planning to re-sell your condo after some few years then knowing the property value is crucial. Ask experts or your real estate agent to help with this issue, because property value can easily double or even triple in a few years.