subject: Things To Consider Before Buying A Condo [print this page] Nowadays a large number of people prefer buying or renting condos because of the many benefits it offer as compared to conventional apartments. Most of them offer facilities like guarded parking space, 24 hour security, swimming pool, clubhouse etc. But there are a number of things you need to consider before making your decision regarding buying or renting a condo for yourself.
The reputation of the builders: It is one of the most important factor and you must put in some effort to gain knowledge about the builders who are in the business of selling or renting of condos in your area. Check out the properties they have developed earlier. What are the market opinions about these builders and always prefer to go to a builder who is having clean and good reputation in the market. Meeting existing and previous customers will give you a fairly good idea about various builders and visits to brokers in your area will also be helpful.
Services offered: Dont forget to look at the services which these condos offer to its residents. Check out what services they offer, common facilities available in the building, state of the grass and in case everything turns out to be good, start looking inside. Ask the people already residing there about the quality of the services. It will help you a lot to make your decision. Make sure that all the services match up to the expectations you had and never compromise on it.
Location: The location of the condo should play a very important role in making your decision. You should make sure that it is located in a good locality where all the basic facilities like market, hospitals, schools, park etc. are available. Is the Condo near the place of employment, the gym, public transit, shops, highway etc.? It is always better to buy a condo in a locality where all these facilities are available.
Price: You should always compare the prices of various condos in the area where you want to get it. And then opt for the one which comes under the budget which you have kept for it. Nowadays there are many banks and financial institutions available which provides loan facility for the needed. Talk to these banks and financial institutions who will help you to buy a condo for yourself. If you are taking the condo for rent then make sure how much you have to exactly pay every month. Also inquire about the maintenance fees which you have to pay.
Buying a condo is not a simple process for sure but taking care of the above mentioned things will help you a lot to find a suitable condo for yourself where you can stay comfortably with your family.
by: Alden Basil
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