Are you currently looking for condos for sale in Bradenton, Florida? 42% of recent buyers look for condos for sale online as the first step in the home buying process. 14% of buyers, on the other hand, contact a real estate agent first. Investing in a luxury condominium is a major decision which requires the same level of precision. Before you decide on a location, price, or amenities, it’s important to ask specific questions. You have to ensure your needs will be met before you invest. Here are important questions to ask before investing in luxury condos. Check out our blog, Top 5 Reasons to Look at Condos if you are hesitant about looking for condos for sale in Bradenton.
Ask these questions if you are looking for condos for sale in Bradenton:
What are the COA fees associated with the luxury condominium community?
On top of paying a mortgage, moving into a condominium typically requires monthly COA (home owner’s association) fees. These COA fees pay for amenities like pools as well as maintenance like landscaping. In the same realm, it’s important to know exactly what’s included or not in these fees. Before you invest in any condos for sale in Bradenton, you have to consider what the COA fees cover!
“What’s usually included is anything outside your condo, from cleaning public areas to removing snow to maintaining the community pool. Owners themselves generally pay for whatever is inside the walls of their condo, like painting and appliances. Make sure what you’re getting is on par with what you’re paying for, says Nelson. And always ask if the board sees the fee rising anytime in the near future, and how much it’s risen in the past,” writes Cathie Ericson on Realtor. Keep the price trends in mind for future reference.
What are the exact rules for residents living in these condos for sale in Bradenton?
When considering a certain condo community, keep in mind that rules for residents may differ. Some communities have basic rules that cover things like parking locations and late fees for COA costs. Other communities may have more rigid rules, like not allowing holiday decorations on your door or putting limits on the hours you can barbecue. Leave no stone unturned when it comes to reading each and every rule of your condominium residency.
Ultimately, it’s important to ask any and every question that comes to your mind when you’re looking at condos for sale. It’s always best to be thorough, and by taking the investment process seriously, you’re will be happy with your purchase and your luxury lifestyle. For more information about condos for sale in Bradenton, contact Palma Sola Bay Club.