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Looking for the perfect condo can be time consuming and a little bit confusing, too. However, there are some tips that can help you buy the right condo for you. Keep these tips in mind as you view prospective condos and choose one to purchase.

Size Matters

Not only do you need to know how much square footage a condo has, you also need to know whether it is a studio, one bedroom, or two bedroom condo. Even though it may be cheaper to buy a studio, you might not be happy when all of your living space is in one area, especially when you have guests. It may be cheaper to buy a studio, but you may have trouble selling it later because most buyers want a separate bedroom. Make sure you know what you really want as you view condos.

Amenities

Some condos are located in buildings that offer no amenities. If you are working with a tight budget, this is usually your best bet because the condo fees will be minimal. However, if you are looking at a condo in a building that has lots of amenities to offer residents, you will probably have to pay quite a bit extra each month in condo association fees. For example, if a building boasts a gym and a pool, you can be certain you are going to have to pay for those items. You will have to ask how much the condo fees are each month to see if your budget allows for that.

Rules and Regulations

Living in a condo versus living in a single family house can be quite different. For example, you will have to follow the rules and regulations of the building in which your condo is located. There may be rules about having pets inside your condo or rules that limit what you can do inside your condo. For example, you may not be able to change the layout of your condo by knocking down a wall without getting permission. You need to know the rules and feel comfortable with them before you decide to make your purchase.

Knowing these tips can help you make the best decision for your needs. You will know what questions to ask your real estate agent to get the information you need.

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