Finding the perfect condo for you and your family may take hours of hard work. In today’s condo market, you can find condos of all sizes with a number of features. To find the right one for your situation, you will have to make some tough decisions.
Search for the Right Neighborhood
Your condo search can begin after you pick a favorite neighborhood for your new home. Ideally, you want to choose a neighborhood that is close to the features you need. If you work at a business, living in a nearby condo will help you cut down on your commute. As you start to examine various neighborhoods, take the time to drive through your choices. Be sure to notice any special features of the neighborhoods, including schools, restaurants and retail stores. Making your own observations will help you determine if a particular neighborhood is right for you.
Create a List
After you’ve picked out a few neighborhoods, begin looking for available condos. If you don’t want to hire a professional to assist you, try searching online and through newspaper ads to find possible options. To keep the search organized, make a meaningful list of condo options that includes addresses and contact information. You should create a list that includes only the condos that fit your size requirements and budget restrictions.
Analyze the Costs
Determining the fees of a particular condo can help you compare the choices on your list. For example, many condo complexes handle a variety of fees through a condo owner association. These associations may require you to pay a monthly fee that covers utilities and extras, including cable television. Other condo properties may handle utilities as a separate fee. It’s best to talk to someone at the complex to learn more about the condo fees.
Compare the Features
You can work through your list of condos by comparing the features of each unit. If you have pets, you need to find a condo complex that allows pets. Some condos may offer additional amenities, including swimming pools, hot tubs, gyms and more. If you want a condo with these features, you will probably have to pay higher monthly fees. Additionally, you should closely inspect the rules enforced by the homeowner’s association for each condo on your list. Before you seriously consider a particular condo, you must agree with the rules of the complex.
After you’ve examined your list of possible condos, you can visit the units personally through scheduled appointments. When you visit each condo, make mental notes as you walk through both the unit and complex. If the property is not cared for properly, you may wish to skip that particular condo. If you plan to see multiple units, take pictures to help you remember small details as you work through the decision process later.
After personally visiting each condo, you can begin to make your final decision. Picking the right condo for you and your family depends entirely on your needs and personal preferences. Here are some more great condo buying tips to Toronto real estate expert Charles Hanes: http://www.cbc.ca/doczone/features/charles-hanes-top-ten-inside-tips