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Tag: Buying a condo

Important Things You Should Know Before Buying a Condo

Urban condos

More Amenities Does Not Mean Higher Condo Fees

Ask around, and people will tell you to avoid condos with many amenities because they are expensive. Well, this cannot be proven correct. It, however, depends on the size of the condo. If you get a unit from a large condo with many amenities, you might be surprised that it is cheaper than other Los Angeles condos with lesser amenities. What happens is, the management can spread the cost of amenities among the higher population. On the other hand, small prestigious condos with lesser units are more expensive because the population is low.

Location

People live in condos to fulfill their lifestyle desires. This means it should be convenient. How long is it going to take you to your job place from home for example? The perfect condo should be just a few meters from where you want to go on a daily basis.

Demographic

You should be aware of the people in the condo you are eying. This goes down to lifestyle again. If you are a 50-year-old couple who moved from their own home because of various reasons, you do not want to rent a condo full of young couples. Consider the atmosphere and behavior of the other people before you get frustrated after the first night because people are partying all night.

The Reputation of the Building

Is someone wondering reputation? It is essential to know what people think of the building you want to join. And that is reputation. Ask the agent selling the house to rate the reputation of the building from reviews of previous clients. Be keen on things like, how long it takes to sell a unit and their prices. If the prices are too low, seek to know why.

The Neighborhood

Take a walk or a ride and find out what goes on in the surrounding of the condo. If new buildings are coming up, find out if they will block your view. It is critical to understand the kind of businesses which goes on in the area as well. Such factors will affect the resale value of the unit if you want to sell it in the future.

Do not be in a rush to buy a condo. Take enough time to research and to get the exact unit you are looking for.…