3 Questions To Ask While Searching For A Downtown Condo To Buy

Posted on: 8 October 2017

If you have decided to move downtown, you may be thinking about buying a condo instead of renting an apartment. However, you may be uncertain as to where to start the process of finding one. If so, ask the following questions to get you started on your search for an ideal downtown condo you may want to buy.

What Amenities Are Included?

One question you can start with when seeking information about a condo for sale is about any included amenities. Some condominium complexes offer certain benefits, including maintenance and recreational amenities.

Even if you own the condo, you may be entitled to maintenance work if your plumbing breaks or you find an electrical problem. As far as recreational, the complex may have a workout room or pool area available for residents.

Are There Any Association Fees?

After asking about any available amenities, ask about any association fees that may be required. These fees are usually paid monthly on top of your bank payment and are made out to the complex itself.

The association fees may be assessed to help cover the cost of maintenance and upkeep of the entire property. The fees may also include membership in the condo's homeowner's association.

As part of this association, you would attend meetings to help decide on rules and limitations about certain aspects of the complex. These meetings may be held to determine acceptable noise levels, as well as vote on resident's requests for individual construction that may impact the rest of the community.

Is Off-Street Parking Available?

When you are searching for a condo downtown, you may also want to ask about available parking. Ask the complex whether they provide off-street parking or if you are required to park on the main street.

If off-street parking is available either in a garage or lot, you should also ask about any additional fees that may be assessed to help with the upkeep and security of the parking area. This may be included in any association fees.

Also, if you expect to have company while living in the complex, ask if there is a limit to the number of visitors who can park in these areas. If visitors are not allowed in the designated parking area, find out if there is a separate lot for them.

Asking the above questions about condos in which you are interested can help guide you to properties that are ideal for you. For further information or help finding a condominium in town, contact a real estate agent, such as RE/MAX POSH PROPERTIES , located in the area in which you are interested in living.