When you’re in the market for a new condo, there are a few key things you’ll want to keep in mind to ensure you’re making the best purchase possible. Here are things to look for when buying a condo.
Size and Layout
Make sure to take measurements and get an idea of how the space will be utilized. You’ll also want to pay attention to the layout to ensure it flows well and that there aren’t any awkward or inconvenient areas.
Maintenance and Amenities
Condo living often comes with certain maintenance and amenity fees. Be sure to find out what these fees cover and whether they’re reasonable. Take a look at the condo’s amenities and make sure they’re ones that you’ll actually use and enjoy.
HOA Rules and Regulations
If you’re buying a condo, you’ll be subject to the rules and regulations set forth by the condo association or HOA. Be sure to review these carefully to make sure you’re comfortable with them and that you understand what’s expected of you as a condo owner.
Parking and Storage
If you have a car, you’ll want to make sure there’s adequate parking available at the condo complex. You should also find out whether there are any storage restrictions in place and whether there are additional storage fees.
Financing and Insurance
Be sure to get pre-approved for a mortgage and compare interest rates before selecting a lender. You’ll also want to make sure your condo is properly insured. Flood and earthquake insurance may be required in some areas.
Warranties and Disclosures
When condo for sale in Bangkok, you should receive a disclosure packet from the seller that contains important information about the unit and the complex. Be sure to review this carefully and ask any questions you may have. Find out what kind of warranties are in place for the unit and the common areas.
Hiring a Condo Inspector
Before finalizing your purchase, it’s a good idea to hire a qualified condo inspector to assess the condition of the unit and the complex. This can give you peace of mind and help you avoid any costly surprises down the road.
These are just a few of the things to keep in mind when buying a condo. By taking the time to do your research and due diligence, you can be sure you’re making a smart and informed purchase.