Condo living is an attractive option for many couples looking to purchase a home, and who can blame them? Free amenities, low maintenance, low purchase price and high-end upgrades all make condo living easy and affordable. But before you get dazzled by a complex’s luxurious pool and fully equipped gym, be sure to do your research. Don’t purchase any condo until you know the following.
Pet policies can vary widely from community to community. While most condos will require only that you clean up after your pets and keep them reasonably quiet, some condo communities have even more restrictions. For example, some communities have breed and weight restrictions, and they often restrict the number of pets you can have.
Your pet’s freedom of movement may also be limited. Many communities have leash laws and only allow pets in designated areas outdoors. Pet policies can determine what types of pets you have in the future and how you can interact with them on the property, so it’s vital that you understand the policies and how they will affect your lifestyle.
Thin walls and noisy neighbors are more than annoying, they are bad for your health. Chronic noise can cause depression and anxiety along with some serious health conditions, such as atrial fibrillation, high blood pressure, heart disease and stroke, says BrainFacts.org. If possible, spend some time in any unit you’re considering to see how noisy it is at different times of the day. Short of that, talk to your neighbors and read online reviews to get an idea of how much noise you can expect.
Adequate storage space is vital, as evidenced by the 85% of home buyers who are searching for it. In addition to determining if the storage space is well-organized and large enough for your current belongings (bicycles, ski equipment, holiday decorations, kitchen gadgets, shoes, etc.), you must determine if it will continue to be enough as your family and possessions grow.
Insufficient parking and inconvenient parking can make you fall out of love with your condo fast. Before you move in, make sure you have enough parking for your own vehicles and for visitors.
You’ll never be happy, no matter how beautiful or luxurious your new condo might be if you have to alter your lifestyle to make it work. Buying a condo is a huge commitment, so make sure you do your homework. Avoid buyer’s remorse by gathering as much information as you can about any property you’re considering before making your decision.
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