Investing in any type of real estate can be a great idea and quite the adventure at the same time. However, when searching for the perfect condos in San Francisco for sale, many prospective owners jump in feet first and don’t find out everything they need to know. With that being said, read on below for the top things you need to know before signing on the dotted line when buying your first condo.
Choosing Fewer Amenities Doesn’t Mean Your Condo Fees will be Lower
Many condo seekers are under the impression that if they choose a condo that has basic amenities with no frills, their fees will be lower. This isn’t true for a few simple reasons. If you are looking for a condo that has a ton of amenities and it is in a larger complex, it might actually be cheaper on you. The reason is that the larger complexes can spread the cost of the amenities out among the tenants. So if you want those extra amenities go for it, you might be pleasantly surprised.
Find Out the Reputation of the Building
When you are looking to buy a condo, first check into the reputation of the building it is in. Asking questions like how long it takes for the condos to sell and how long it takes for surrounding buildings as well. When it comes to market value and the ability to sell, you don’t want to be stuck with a condo that is going to sit on the market for months if you decide to make a profit by selling it on down the road.
Check Out the Neighborhood Carefully
Checking out future building plans and the businesses in the area are paramount when buying a condo. You don’t want to have a great view of the bay only to find out three months after you move in that a high rise is going to be built right outside the window that overlooks the bay itself. The type of businesses that are in or coming to the neighborhood can tell you a lot about it as well.
These are just a few of the things that you should check out before buying a condo. Make sure to check out the neighborhood and the reputation of the building you are considering and soon you will be signing for the condo of your dreams.