Often people make the mistake of shopping for a condo the same way they will home. Even though you will make the same investment, buying a condo involves various factors that traditional homeowners don’t have to deal with. Before you commit yourself to buy any real estate housing, consider the following tips when shopping condos, especially if you are not sure yet of choosing Mayfair Modern.
1. Many people want to buy real estate to be free from the dangers of residential apartments – noisy neighbors, delinquent supervisors, women who have never taken after a dog. Well, buying a condo means that you buy a larger piece of property, or basically an apartment.
Depending on the size of the complex, your condo can be far from other units, or there may be only a small number of units in real estate, but there is a good chance you will have several nearby neighbors. Also, you might be stuck staying next to them for some time. If you are worried about living next to a bad neighbor, introduce yourself to a few before you make a decision. Wondering about the general atmosphere with reasons and if there are sounds or other problems that come from certain units. Check how soundproof the walls and overall appearance of the building. If you see a plate fired from a window, move.
2. Can you live by their rules? Condo associations often have rules and regulations that you must comply with. Some are stricter than others, even limiting the types of flowers accepted to be included in your plantation, while others only ask you not to paint spots on your roof. Make sure you review them all before signing a contract. Sometimes there are hidden laws that can break the agreement for you.
3. Make sure you know where your money is going. Not only will you have to pay the mortgage, but you will pay the association fee. This usually takes care of building maintenance, landscaping, garbage, and other necessary tasks. Somehow, if the pool supports small algae farming, something goes to be wrong.