It doesn’t take a rocket scientist to determine that buying a condo isn’t necessarily as easy as it appears on House Hunters.
While the interior of your condo is arguably the most important, it’s also important to focus on the aspects of your condo that are slightly more hidden. Good or bad, these seemingly insignificant considerations are going to have a large impact on your daily life at your condo.
Let’s get ahead of the curve and address these considerations before you commit to one of the most significant purchases of your life.
Which way does your condo face?
When it comes to fixating on exposure, most buyers tend to focus on the concept of sunlight. If you want the morning sun, you narrow your search to east-facing exposures. On the other hand, you’re going to yearn for west-facing exposures if you’re all about the sunset.
But, what about the other aspects of exposure?
Remember, exposure is about more than just sunlight. You always want to ensure that your condo isn’t facing where the garbage is collected. Not only is this area prone to noise pollution, but it also tends to be very polluting.
Sure, you might not have kids right now. But, what about the future?
Considering the school zone of your condo is typically overlooked by first-time buyers. This is often because first-time buyers don’t focus their needs and wants on what’s to come in the future. Instead, they focus on proximity to work, bars and restaurants and transportation.
If your condo is located in a poor school zone, it’s all the more likely you’re going to have to move down the road. This is why considering a five year plan is so important before moving into your condo.
Proximity to Elevator, Garbage Chutes and Amenities
So, you’ve found the condo of your dreams with that Pinterest worthy interior.
But, what about the exterior of your condo unit? What about the hallways that lie ever-so-slightly beyond your unit? Remember, these are common elements that are mutually owned by all of the other owners.
It’s important to take into consideration where your unit is laid out in proximity to the rest of your building. If you’re directly across from the elevator, you may want to get used to the sound of the elevator opening and closing. If you’re near the garbage chute, this area can tend to become pretty smelly in the hot summer heat. For units close to the building’s amenities, be prepared for increased traffic outside of your front door.
While these factors aren’t necessarily deal-breakers, they are important considerations.
As an excitable buyer, it’s easy to get caught up by the prospect of swanky amenities.
Let’s consider that an increased number of families are being driven out of the housing market. As a result, condo developers are focusing their attention on building condos that are more family-friendly.
So, what comes alongside building more family-focused condo buildings?
An increased number of developers are choosing to focus on amenity-heavy condos. This includes indoor and outdoor pools, games rooms, arcade rooms, pet-washing stations and even theatre rooms.
While there’s no denying that these amenities are exciting, there’s also no denying that these amenities are incredibly expensive. As a resident, you’re responsible for paying for these amenities through your maintenance fees. The more amenities, the more potential money that could be coming out of your pocket in the future.
If your focus is to live in a condo with minimal maintenance fees, opt for a smaller building that has limited amenities.
In the world of condos, sometimes it’s all about that view. After all, when else are you going to live in a box in the sky?
In living in such a vertical space, it’s only natural to fixate on the surrounding view. While your view might look spectacular one day, it’s important to consider how it might look in the years to come.
For example, let’s consider the parking lot that is situated in front of your building. While it’s safe for now, it’s soon to be zoned residential and it just might end up a skyscraper. In busy urban environments, the skyline changes quickly and it can be challenging to plan ahead.
Before biting the bullet, have your realtor examine your surrounding area. In doing so, they’ll be able to pinpoint any projected buildings that are planned for the near future.
Before You Purchase
As an excitable homebuyer, it’s only natural to get caught up in the process. In doing so, it’s easy to overlook important factors. When it comes to buying your condo, be sure to take a step back and consider all of the factors.
Visit Nobul.com and start searching for that new condo.