Most of the time people in a locality like to live in a condo just either because of the convenience it offers or because of the status value it provides. While price plays a deciding role while buying a condo, other factors that need to be looked into are:
Choosing the Right Location
Well, that is the first thing one needs to look into before making an agreement with the property dealer. A little research will help you find the ideal place like Kingsford Waterbay. check out if it falls near to your workplace and provides you with easy access to means of transport. Schools, Colleges, and markets are another of the factors to check out for a while choosing the location.
The Preferred Type
One might come across a high-rise or a low-rise condo, but it all depends on your preference what you want. Those looking for a private and secluded place can select a high-rise else if you are afraid of heights then low-rise once is best for you. The low-rise once also allow you to have contact with more people.
Checking the amenities
A condo’s price also varies with the facilities it has aside from the location. Check all the necessary facilities and amenities that you need, while you’re visiting the condo that you’re interested in. For example, the typical ones can be children’s playground, swimming pool or a gym. The value of the facilities provided should be in accordance with the price of the condo.
Know the payment scheme
Different types of payment schemes are provided by the developers, especially for installment buyers. Some would require you to pay in full before you are allowed to move in. Choose the investment plan which matches your income flow, if you’re thinking of buying a condo on an installment plan.
You might be asked to pay some additional costs including property taxes and registration fees. Never forget to ask your agent to give you a written breakdown of your installment plan. You should also be aware of the loans and insurances that are provided when you’re buying a new condo.
Meet Your Neighbors
Another useful tip while looking for a new condo is to know who your neighbors are. There’s nothing bad about getting some information about the tenants in your building. You might want to consider the number of people in your building as you’ll be sharing all the facilities of the condo with them.
Know the Rules
There must be some rules and regulations that the condo will be implementing and as a resident, you have to follow them all. For example, some condos won’t allow you to keep any pets and other animals with you.
Some might now allow you to do any kind of markings on the walls. Request for a copy of the building’s set of rules and restrictions and read them thoroughly before moving in.