Buying a condo is somewhat like buying any other property in some respects. Things you would consider such as price, location, size, and so on for a house are also what you need to look at with a condo such as what you find at the Marina View residences. Here are some of the factors to research when it comes to buying a condo so you can get the best one for a good price.
What do you want in the surrounding community?
Knowing what is around in the community is going to have a big impact on whether you want to live there. You might have certain needs, to be close to a hospital, to have access to public transport, to have dog parks nearby, or to have good schools in the area. You need to know you can access what you need, now as well as in the future as your needs change. You also will want to be in a safe community. For some people, noise is an issue, and for some, they want friendly neighbors. For others these are not things they care about, do this is something personal to your preferences and lifestyle.
The condition the condo is in
When you move somewhere newer like Watten House, the condos are in good shape, and that means fewer repairs and maintenance that happen when a condo building is very old and getting worn down. The condition the condo unit is in is important but so is the condition of the building itself.
How many other owners are in the complex?
If you decide to move into one of the Marina View residences or another condo you will need to think about the other people living there. Do you want to live in a larger complex or somewhere smaller? Larger ones tend to come with more amenities. You should look for one that has a well-run association that handles things like maintenance for common areas. This is for your benefit while you live there and also because it makes it easier to sell the condo if in the future you decide to move on.
Maintenance charges and other fees
One of the benefits of living in a condo does not have to mow the grass or handle such maintenance and repair concerns. But you do have to pay a monthly fee towards these costs to the association, so check what those costs are and that you can manage them as well as your mortgage.
How much the condo is
Of course a big part of your decision of whether to move to Watten House or your chosen condo is the price. The price of condos is influenced by a number of factors such as amenities, location, security, age and condition, as well as unit size. In order to control the price you need to decide what things you really need, and what things you can drop if you have to are. Even in the same building condo prices might differ.
