Questions to Ask when Buying a Condo

If you are sick of mowing the lawn or worrying about the exterior of your home you should consider retiring to a condominium community. If you decide to go for a condo community, there are a few questions you need to ask when doing so. Here are four of them.

What are the Rules and Services offered by Condo Living?

Condo living is very different from living in a single-family home. In a single home, you will be able to do almost anything you want on your premises. This is not so in a condo. For example, if you wish to decorate your apartment for the holidays, you will have to find out if you can. Although many condos offer storage space, some don’t. If you don’t ask about this, you will have to find a place for all your Christmas decorations. Finally, find out about the community rules. Do they allow pets? Can you have a little garden on your balcony? Before signing on any dotted line, make sure the condo suits your lifestyle.

Is the Soundproofing Good?

Condos are separated by one wall. If your condo is not properly soundproofed, it can be a nuisance to you. To test this, ask your neighbor to turn on his TV. If you can hear the six ‘o'clock news, quite clearly through the walls, you need to keep looking. Check for creaky floorboards and squeaky doors and windows too.

Is the Management Efficient and Experienced?

If your landlord is missing in action most of the time, this can be a problem. Landlords need to be efficient and experienced to handle all the problems that go with condo living. An efficient and experienced landlord means leaks and breaks will be handled promptly. Even if you pay a little more for your condo this is something you should seriously consider.

What is the Resale Value of the Condo?

If at any time in the future, you wish to sell the condo, you need to be able to get a good price for it. Conduct some research about the resale value of the condo, so that you don’t suffer a huge loss when you want to sell.

Buying a condo or any home costs a significant amount of money and you don’t want to make a mistake. Consider these four questions and sign on the dotted line only if you are happy with the answers.

This is by®, your active adult community information specialist.