Remember that living in a condominium also means being part of a community, so make sure you are comfortable with the amount of activity and noise that you will come across in your building.
Even though you may feel like saving by buying a condo instead of a house, remember that ongoing costs must be taken into account. If you are looking for beautiful upper west side luxury condominium with views then you can hop over to this website thevandewater.com.
Find out in advance how much you will be on the hook for each month, and factor additional costs into your budget before entering the dotted line.
Although it may be difficult to get this information from the board before you buy, many sellers will openly offer information about property reserve funds. Seeing how many buildings have reserve funds can help determine how well the board handles building finances.
This reserve is also used for unexpected costs, such as broken pipes or new roofs. If the backup cannot cover these costs, you may have to pay a portion of the bill.
Owning a condo instead of a house can be a smart purchase because it is a great way to get the best out of homeownership without extra work. If you ask these five questions before buying your next one, you will surely find the perfect one.