Follow This Checklist If You Opt to Buy a Condo For The First Time

Choosing a place to stay can be one of the toughest decisions that you will have to make. Hence, condo living is perhaps the closest option you can get to enjoy the ideal live-work-play routine for your lifestyle. The competition nowadays is becoming more and more fierce since there are showing up more and more residential communities that are emerging here and there, especially at locations where an individual’s basic needs are an arm’s length away. Ki Residences are only a few clicks away to reach your dream house. But there are a few considerations that you will have to take to get the best deal!

#1: Assess your budget. As exciting as it may seem, determining your budget allocation for the unit is very vital especially as a first-time buyer. It is important to be able to assess your financial capacity first since the costs that you will have to make for getting a condo unit is independent of the expenses for maintaining and keeping it.

#2: Determine the location of the property. Once you are already able to identify and get an accurate assessment of your financial capacity, you must also determine the place or location that would best suit your lifestyle. You will have to consider a lot of things such as the security, traffic, and the unit’s proximity to the places you go to on a daily basis, especially if you are looking forward to long-term investment.

getting a condo unit

#3: Choose the type of condo that suits you best. This is one of the important considerations that you will have to make when opting to buy a condo. Choose what best suits your needs while there are also units that are ready for occupancy, low-rise, and high-rise.

#4: Search for the right agent. When looking for a unit, make sure that your unit developer and agent has a solid reputation and portfolio. You must make sure that the agent you are dealing with is a trusted, licensed, and reliable individual to ensure a smooth and legitimate transaction.

#5: Ask for the association dues and other expenses needed to get paid. It is important that you know how much the association dues are and where they go when you pay them.

Last but not least, make sure that you explore the amenities and services of the condo of your choice so as not to get disappointed in the long run. This allows you to have a closer look at what the unit can offer to you and understand the rules and regulations before making a closed deal with your agent. Make sure that you have truly understood the restrictions and comply with every single requirement that they may need of you.