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Questions to ask when buying a condo

By
Real Estate Agent with Keller Williams Ottawa Realty Brokerage

Imagining Living in a Condo - A Must Have Checklist for You! 

It's been a stressful day at work and you arrive home and notice the grass needs mowing, the garden needs weeding and the mail is full of bills.  Oh great, the roof estimate is in and it is much higher than anticipated.  And then, just when you weren't even really thinking about making a change, your Realtor's newsletter is there with article on Condo's and the options for you dance before your eyes!  Bliss you think, that's what I want!

Quick Check List:

Will I really have more free time or will I have to work more to pay for a nice one?

How do I feel about paying a Condo Fee and what does it include?

Do I want to live in closer proximity to more people?

Would I like a townhouse style or a high rise?

Parking - how important is it and how convenient do I want it to be?

Could I or would I walk or more often take public transportation if I lived in a condo?

Do condo's have a lot of "rules" about how I will live?

Am I ready to downsize?

How much room do I feel I need to be comfortable?  Less or more than I have?

Would I miss the satisfaction of doing maintenance and improvements?

Would a condo be a better/worse investment than what my money is invested in?

How important is location to me and could I find/afford a condo to suit my lifestyle?

Will having less space cause much change and will I like the changes?

Would I gain a sense of freedom and make good use of it?

The desire for condominium living is growing rapidly for many reasons including reducing stress, wise investing and enhanced lifestyle.  With our growing and aging population, owning one for the purpose of renting it is becoming a popular choice.  I have many clients who have many different reasons for buying a condo and I am always willing to have a discussion to see if this kind of purchase might be for you.  Feel free to contact me to chat.

A condo could be for you!

Susan Allan                                                                                                                               Sales Representative

Ralph Gorgoglione
Metro Life Homes - Palm Springs, CA
California and Hawaii Real Estate (310) 497-9407

Hey Susan,

What a great analytical post in regards to making a decision about a condo.

I think you hit the nail on the head for things to take a look at when considering a condo.

Thanks so much for putting this together.

Jun 21, 2010 03:31 AM
Keith Stonehouse
Franklin Title Agency, LLC - Rochester, MI
Franklin Title Agency

This is a great post covering all the bases. Condos as a lot of buyers do not realize are a very tricky investment and have to be thought out as you've pointed out before doing so.

Thank You and I am going to re-post this

 

Keith Stonehouse

Jun 21, 2010 03:39 AM
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