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GuideInvesting

Factors to Look For When Buying a condo

Over the years, living in a city is one of the popular options. Number of people who are acquiring properties in an urban setting has been increasing recently. One of the well-known properties in such modern setting is condominium. This property has been the best option of so many young professionals who are planning to purchase their very first homes. Condominiums provide wide variety of benefits that traditional single-family houses and townhouses can’t provide. Some of those include great location, convenient quality life, amazing amenities, social growth, low to zero maintenance and others. With these benefits, it is no doubt that people are now turning into this type of property. So if you’re planning to buy your very first condo, you are in the right place. This article will give you some of the important factors to consider when buying a condo.

Amenities and Common Areas

One of the essential factors that you need to consider when buying a condo is its common areas and amenities. It is one of the biggest draws to any residential development. And this is what makes condominium different from other types of properties. From the pool area to gym center to community café, there are several areas where you can have access to. This is also the reason why the quality of life in condominium is significantly higher compared to traditional houses.

Hi-Technology Security

Another factor that you should consider when buying a condo is security. Hence, it should be a top priority for any condo properties. A quality condo like Sims Villa usually has staffed gatehouses and gates parking areas. Quality condos have also additional security features that protect the safety of the residents. So it is important to check if the condo you are considering has 24-hour camera and video surveillance, locked exterior doors, well-lit parking areas, and locked access to all the facilities.

Convenient Parking

If you own a car, it is important to check for convenient parking when buying a condo. Nowadays, almost all of the condos have on-site parking, which is separate from parking garage. Generally, you will be entitled to a number of parking space depending on the number of bedrooms you have in a condo. You also have to make sure that their parking has quality and accurate division. This is to ensure that there will be no trouble when there are a great number of cars to park.

Square footage

When you inquire for a condo unit, the agent will usually ask for your square footage preference. Condos units have a few types. This includes studio type, 2 bedroom, three bedroom and so on. Your option for this type solely depends on your needs. If you think you need a bigger space, then studio type is definitely not the best unit for you. Factors like the number of people who will live, your furniture and your need should be considered when choosing the type of condo unit to buy.

Social Activities

Lastly, you may also want to check for any social events of a condo. This event will give you opportunity to meet other people in the condo, your neighbors and other professionals. With this, you can expand your network and it can increase more innovation to meet growing market needs.

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