Family Home Blog

Things to Think About When Buying a Condo

Buying a Condo

If you are interested in the purchase of a piece of property like a Watten estate condo you will be interested to know that condos are hot real estate right now. They are great for many different types of buyers, first timers, people looking to downsize from a house, couples and even small families. Condos are affordable, practical and desirable for many reasons. Most condo buyers are happy with their choice a few years later. It makes sense though to consider whether a condo is the right type of property for you, your needs and your budget so you have no regrets.

Are you ready to have shared areas and costs?

You need to know whether a condo is a right fit as what works for some might not work for others. For a lot of people, a condo is attractive because it is less work. You do not have to worry about roof repairs and cutting lawns and all of that. With a condo, you have your part that you own and then there are shared areas and those areas need maintenance. This means you have to pay so much a month on top of whatever you pay for the mortgage. What are the fees involved and what do you get for them? You will need to learn about bylaws, who manages the condo association, restrictions and so on.

When you consider options such as a Watten estate condo look at what you get in features and amenities. The more luxuries you want as part of your membership the more you will need to pay. If you choose to buy newly built condos then you get the benefit of a very modern design and the property being in top condition.

Check the management

As mentioned when you move into condos or marina view residences you need to have a clear understanding of how they are managed. It is a fact that some condos are not run well and you want to avoid that kind of situation. Doing some research is the best way to make sure you don’t have some serious problems.

Learn about who will be living there

It is also a good idea with marina view residences or condos to know who else will be living or are living in the building. It is a good idea to avoid places where more than 20% are made up of renters. You might also want to look for people who are in similar situations. You won’t be bothered by the sound of a 2 year old running around of you have a child yourself. You might be coming in later at night if you are young and single and since others are there doing the same around you it means you won’t be bothering people when you do. Look for people who look after the property and the common areas too.


There is a lot to think about when buying a condo to move into but with some research, you can make the best choice possible.

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