Top 5 Tips for Condo Buyers
Read the condo regulations
Different developers might have different regulations for the towers or condo complexes they maintain. Thus, it is important for you to carefully understand their regulations as to what they allow and what they don't. It is important to have an early understanding of the policies regarding pets and children among other things. Be wise enough to ask a copy of the condo regulations and study it well.
Know the fees
Living in a condo unit is full of fees that you need to know very well because they will affect your monthly budget. These fees will also have direct effects on your status as a condo resident. The monthly fee is the first type of payment you should learn about. Be knowledgeable of how much you are going to pay each month as well as its schedule. Other fees you also need to know about are maintenance fees and emergency funds for upkeeps. In some instances, the use of some amenities may also require you to pay for membership fees.
Learn about fellow tenants
Just like living in a residential community, living in a condo unit also deserves knowledge of your neighbors. In this case, you need to know about your fellow tenants especially those who are occupying spaces near your chosen unit. If you can obtain information about who the owners of adjacent units are, it can help. Is the nearby unit occupied by an individual or by a family? Are there children, teenagers, or college students? Are there frequent visitors on these units? Their habits such as holding parties on their units can affect your daily condo living. You have to assess if you can bear with this.
Inquire about the security regulations
Most condo residents availed of their units because of the known high security rules in the towers or buildings they reside. But you still have to be sure that where you are availing your unit also implements top level security. Ask about security guard and doorman rotations. You have to be sure that the entrances and exits are guarded 24/7. Some complexes have roving guards in the premises like car park, an even in the different floors of the condo complex. How about CCTVs and security systems? Make sure that they also implement such systems. Will the owner also allow you to install security systems on your own unit?
Know about maintenance coverage and procedures
As a condo buyer, you also have the right to know about the maintenance coverage and procedures. Some developers have third party contracts covering common areas or amenities like the pool, car park, and social rooms. Some will offer the option to include regular inspection of your water and gas systems inside the unit.
Desare Kohn-Laski is a proud and experienced Florida realtor who is knowledgeable and familiar of the East Coast Florida real estate market. Some of the areas of her service include Parkland, Fort Lauderdale, and Hallandale Beach. Stop the chase for your dream house with her professional assistance. For more information, hop on to www.skyelouisrealty.com
Article Source: EzineArticles.com
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