It is always a joy finding the Condo of your dreams in Boston. They are a good choice and allow you to get all the facilities you require. These are the tips you need to consider when buying a Condo.
Condo Management Boston: Initial Steps
- It pays to hire the services of a realtor. They know the area better than you do. Plus you have nothing to lose as the seller has to pay the commission.
- Don’t start the process until you have a lawyer. A lawyer will help you get out of your jams.
- Do a proper audit of your finances before you can decide how much mortgage you can afford.
- Do remember that you also need to factor in the costs of moving, closing, land transfer tax and lawyers fees.
Start the Search
- You will get to see a lot of different condos. It is important for you to decide which one suits you the most.
- If you can afford it, buy the biggest Condo. They have good resale value as compared to Studios and One-Bedroom apartments.
- Once you have shortlisted your Condos, visit them at different times to see how the neighborhood is like.
- If you are getting a good view go for it, as it will help with the resale of the Condo.
- An important point to remember is that if you buy a Condo in Winter with a good sunny view, it may be wrong for you as it can be too hot in the summer.
- Just look outside your window to make sure you do not get a view of the garbage pickup.
- Double check to make sure that your Condo is not next to the garage. The vehicular traffic can be quite disturbing.
- A Condo which faces the elevator is also a bad choice.
- Try and make sure you get a parking spot when you buy the Condo. It doesn’t matter if you use it or not. You can always rent it out.
Condo Management Boston: Building
- A building with visitor parking should have a high priority.
- It is important to check the usage of appliances. You need to know how much wear and tear they have on the condo.
- The aroma of the hallway, staircase and lobby matter a lot.
- If the occupants of the buildings are owners and not tenants, then you are in the right place.
- Make sure you find out what the condo maintenance fees are. You don’t want to get a nasty surprise after you have signed the deed.
- Find out if the property taxes are also included in the maintenance fees.
- It helps to ask other owners in the building about their building experiences.
Make an Offer
- Visit the Condo twice before you make an offer.
- Find out how much the condos in the building and area have sold for.
- Consult your realtor before you make any offers.
- Make sure your lawyer goes through your documents.
We hope you liked our guide “Condo Management Boston: Buying Tips”.