3 Factors to Consider Before You Buy a Condo

Believe it or not, buying a condo can be a quick, easy process, particularly for those who understand their homebuying needs.

Ultimately, there are several factors to consider before you purchase a condo, including:

1. Your Budget

How much can you afford to spend on a condo? You should evaluate your homebuying budget closely to ensure you can cover all of the costs associated with condo living.

Getting pre-approved for a mortgage usually is ideal. With a mortgage in hand, you can browse a wide range of condos and find one that matches your budget perfectly.

Furthermore, don’t forget to account for homeowners’ association (HOA) fees before you buy a condo. HOA fees will vary depending on the condo community, and you should learn about them in advance so you can budget accordingly.

2. Property Size and Location

How much space do you need to accommodate your family? Consider the short- and long-term ramifications of a condo purchase, and you should have no trouble finding a condo that is the right size for you.

If you’re uncertain about how big of a condo that you’ll need, don’t hesitate to consult with a real estate agent. This housing market expert will learn about your homebuying needs and help you narrow your search for the ideal condo.

Also, be sure to consider the location of a condo. If you want to find a place to live near school or work, you should search for condos that will help you cut down on your commute time.

3. Condo Rules and Regulations

Condo living is different from living in a traditional house. In a condo community, you’ll have your own property, but there may be numerous condo rules and regulations in place that you’ll need to follow at all times.

For example, many condo owners cannot modify a property’s exterior without first getting approval from an HOA board. This means if you want to paint your condo bright pink or upgrade the property’s windows, you’ll need to ask the HOA board for permission.

Examine a condo community’s rules and regulations prior to purchasing a condo. This will enable you to review the HOA board’s mandates and determine whether you would feel comfortable following these rules and regulations.

When it comes to finding a condo, there is no need to look for a property on your own. Conversely, if you work with a real estate agent, you can take the guesswork out of searching for a top-notch condo.

Finding a real estate agent with condo experience is essential. This real estate professional will set up condo showings, keep you informed about new condos as they become available and negotiate with property sellers on your behalf. That way, this real estate agent will make it easy for you to acquire a first-rate condo at a budget-friendly price.

Kick off your search for the perfect condo today, and you can move closer to securing a condo that will serve you well for an extended period of time.

Condo – 92 Virginia Dr Unit 92 Leicester, MA 01542 now has a new price of $339,900!

** Ready to enjoy Condo life?…no more raking leaves…or shoveling?? Welcome to Oak Ridge Estates….a lovely Active 55 + Community in the Rochdale section of Leicester. Quiet neighborhood location tucked away from commotion but also convenient to Rt 56 and easy access to Worcester. Corner lot and beautiful gardens…..Welcoming front porch. Original owners have made this a home to enjoy., open living / dining / kitchen area…cathedral ceiling….Granite counter island and bar…..Built in electric fireplace….Spacious Master bedroom and second bedroom on first floor. Living room opens to the sunroom…and patio area…. Second floor loft area is currently the game room ..plus another room for more man town. Lower level (not included in SF) offers finished space plus media room accommodates seating for the football games or “Movie Night”…Large workshop and another area for storage…WOW!

This is a Half-Duplex style home and features 6 total rooms, 2 full baths, 2 bedrooms, and is currently available for $339,900.

For complete details click here.

Condo – 92 Virginia Dr Unit 92 Leicester, MA 01542 now has a new price of $344,900!

** PRICE ADJUSTMENT** Welcome to Oak Ridge Estates….a lovely Active 55 + Community in the Rochdale section of Leicester. Quiet neighborhood location tucked away from commotion but also convenient to Rt 56 and easy access to Worcester. Corner lot and beautiful gardens…..Welcoming front porch. Original owners have made this a home to enjoy., open living / dining / kitchen area…cathedral ceiling….Granite counter island and bar…..Built in electric fireplace….Spacious Master bedroom and second bedroom on first floor. Living room opens to the sunroom…and patio area…. Second floor loft area is currently the game room ..plus another room for more man town. Lower level (not included in SF) offers finished space plus media room accommodates seating for the football games or “Movie Night”…Large workshop and another area for storage…WOW!

This is a Half-Duplex style home and features 6 total rooms, 2 full baths, 2 bedrooms, and is currently available for $344,900.

For complete details click here.

Condo – 92 Virginia Dr Unit 92 Leicester, MA 01542 now has a new price of $348,900!

Welcome to Oak Ridge Estates….a lovely Active 55 + Community in the Rochdale section of Leicester. Quiet neighborhood location tucked away from commotion but also convenient to Rt 56 and easy access to Worcester. Corner lot and beautiful gardens…..Welcoming front porch. Original owners have made this a home to enjoy., open living / dining / kitchen area…cathedral ceiling….Granite counter island and bar…..Built in electric fireplace….Spacious Master bedroom and second bedroom on first floor. Living room opens to the sunroom…and patio area…. Second floor loft area is currently the game room ..plus another room for more man town. Lower level (not included in SF) offers finished space plus media room accommodates seating for the football games or “Movie Night”…Large workshop and another area for storage…WOW!

This is a Half-Duplex style home and features 6 total rooms, 2 full baths, 2 bedrooms, and is currently available for $348,900.

For complete details click here.