condo apartment

Top Qualities to Look for in a Condo

It does not matter whether you are only starting out; it is advisable to take time to find a quality condo. Ideally, you want a condo such as One-North Eden that can pay off with time. To ensure you are on the right path, the following are some of the factors that you should look for when purchasing a condo.

History and Reputation

condoThe truth is that it pays to carry out extensive research on the developer’s reputation and history. You can get an idea of the performance and status by researching the developer online. In this way, you can find out a lot of information about the different projects they have handled in the past. For instance, you can determine the warranty claims they have paid out and the status of their licenses. Moreover, you can ask the developer for references or check their past developments to meet the owners.

Workmanship and Quality

You should note that the condo development sector works in two major ways. First, the developer owns a construction company carrying out the construction process. Secondly, the developer hires an external construction company to carry out the process. Usually, the hiring of an external contractor is based on the lowest cost. Unfortunately, that is not the best way of doing it. With the first method, the developer has more control and visibility over project management to ensure the building meets the quality standards. Therefore, if the quality is the most important aspect, then your choice is clear.

Suite Design

Most of the modern condo buildings include floor to ceiling windows, structural pillars, and curved walls. The developers use them to their advantage and improve functionality of the suite layouts. Modern developers go an additional mile and use the interior design experts to optimize layouts of the suite to ensure it offers the best possible living experience. Ensure you look at the suite floor plans and find whether they can fit your furniture.

Amenities

luxury condoYou should note that the building’s facilities are extension of the living space and ought to make your living comfortable. Moreover, they should align with your priorities and needs. For instance, if you do not swim, a building with a large pool is not the perfect fit. If you like throwing parties, then a functional and beautifully designed party room is suited to your needs. Thus, it is a better investment that suits your lifestyle. On the other hand, if you like running on a treadmill, you should consider a condo building with a fitness center.…

Mistakes to Avoid When Buying Pre-Construction Condos

condo developmentIf you are planning to buy a house, the real estate market has several exciting prospects waiting for you. Part of the main developments in the housing markets is condominium developments, which have redefined the entire market. As much as there are some exciting condo options such as The M available for you, others might not be as good as you would want. To improve your chances of buying the right condominium, here are some mistakes that everyone looking for a home should avoid.

Overestimating What You Can Afford

Some people shopping for a home often make the mistake of committing themselves to property that is outside their budget. Ideally, this mistake often comes about when first-time buyers focus on things such as the down payment required and the monthly mortgage, ignoring other buying costs. It is, therefore, important to factor in costs such as closing costs, insurance, taxes, and interest when buying a condominium. If you are purchasing an already built condo, you might be required to add the homeowners association fees and maintenance cost to this list.

Getting the Timing Wrong

Buying a condo at the wrong time can prove to be a costly mistake. When it comes to selling pre-construction units, most developers follow a defined process. Most people often buy the condos at the advanced stages of the sale. This usually means that they have to pay much more than they would have paid if they had purchased during the early stages of the sale. If you are serious about buying a condo, and at the same time cut down costs, buy early.

Choosing Property in the Wrong Location

Buying property in the wrong location can cost you thousands of dollars. A “good location” is a reasonably subjective term. This means that the right location for you might not be suitable for someone else. As such, choosing a condo just because of the cost or need of it might end up being too costly in the long run. The best way to go about choosing a condo based on a location its location is to access things such as accessibility to transport and its proximity to your workplace and other vital amenities.

city with condos

Buying Based on Emotions

Buying a condo for its look or things that you find appealing often ends up being a costly mistake. Instead, it is prudent to make a value-based buying decision. This means that you need to consider the market prices for similar properties to ensure you get value for your money.…