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Buying Condos: Three Matters To Consider First

May 10, 2012 | Comments: 0 | Views: 128

When the housing market is in the dumps, many would-be homeowners look to condos as a nice second choice. Many first time home buyers look into the condominium world even in a good housing market. There's no doubt about it: buying a unit can be a great investment. You will still get the benefits of property appreciation more often than not, it doesn't come with many of the demands that full scale property ownership comes with, and it can easily be turned into a profitable sub-lease if you choose to move later on. Just as with buying a house, however, there are some important considerations when purchasing. Here are three matters you should consider before signing on the dotted line.

The Exterior

If you've ever gone apartment hunting, you'll already know the basics of shopping for condos. And one of the most important aspects of apartment hunting is looking at the exterior. It can tell you a lot about the place you're about to live. Generally speaking, you aren't going to find condominium complexes that are as run down and scary as some of the shadier apartment complexes, but that doesn't mean you shouldn't pay close attention. Look for things that could become a problem later. Are their railroad tracks running near the building? A beautiful place to live can be ruined quickly when you're woken up at 3:00 in the morning by a rumbling freight train. Look at the maintenance of the grounds for a good indication of how committed the property managers are to keeping a nice area.

The Interior

It goes without saying that you'll be inspecting the unit you're buying carefully, but don't stop there. When shopping for condos, it's also important to look at the hallways and common facilities to see how they are maintained. If there is an elevator, make sure it's working and doesn't sound as though it may break at any time. Look at the walls, smell the air, and get a sense of the vibe. It's very easy to tell the difference between a place that has been left to decay naturally and one that has the constant attention of a maintenance crew.

Talk To People

You shouldn't even consider buying a unit before you talk to some of the residents. If you're shy, get over it. Head down to the pool or some other common area of the facility and chat up a friendly face. Ask some general questions about what it's like to live there. Most people aren't averse to telling you like it is, and you can tell a lot from their expression, enthusiasm, and syntax. If you're looking for condos, you need to know that you'll be happy for some time to come.

Orange Beach AL condos are available today. Talk to someone today at

Source: EzineArticles
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