Retiring Soon? 4 Tricks to Know Before Buying a Condo

Around 10,000 people turn 65 each day, the expected age for retirement. If you count yourself among them, then welcome to retirement ⁠— what now? Continue reading about a condo…

Whether you just retired or are retiring soon, you’re probably ready to make some changes. One change you might want to consider is moving into a condo.

Condo construction trends are on the rise and it’s easy to see why. They’re less upkeep than a house and more affordable too.

If you’re looking to buy a condominium, you came to the right place. Here are four tricks you need to know before you start decorating your new place.

1. Think About Your Lifestyle

Before you take the plunge, figure out if condo living is for you. There are many differences between condos and single-family homes or even apartments.

If you enjoyed planting flowers and working in a garden, you’re better off in a home. However, for many older adults, lawn care and maintenance are difficult to keep up with. You might consider a condo with a balcony or terrace to put your plants on instead.

Living in a condominium building might give you a sense of community and support you wouldn’t get with a home. Smaller condo buildings might be best for people that prefer privacy.

2. Know Which Amenities Are Included

Imagine closing on your new home and then finding out you have no place to do laundry or that pets aren’t allowed. Understand which amenities are included with your condo before you close the sale.

Besides a parking space for you, are there extra spots for guests? Is there storage, a community space for rent, or a pool?

If you have specific requirements, such as a pool or workout facility, make sure your condo fits the bill.

3. What Are the Fees?

Fees are part of condo life. You need to know how much you’ll pay and what you get for your money.

Insurance, general maintenance, and community area cleaning are often part of the fees. And a condominium HOA is often different from a regular homeowners association.

Understand the policies for your community and don’t let the fees creep up on you.

4. Learn From Your Neighbors

When you live in condos, you are dependent on the condo community to a certain extent. Find out more about what it’s like living in the neighborhood.

Is it noisy? Do the people living there seem satisfied or are there ongoing issues that are never resolved?

Your neighbors can also tell you about local events such as festivals and when to expect an influx of tourists.

Life in a Condo

The most important tip in our guide to buying a condo is to find someone who knows the business. Moving into a condominium is different from renting an apartment or purchasing a house.

If you want to move to an award-winning community, we want to hear from you. Reach out to us today and find out all that we have to offer!