Before buying a condo you will have to look into several things to be sure you are making the right purchase. In this context let us go through few of the important details you should check.
Tips to Help You Select the Right Condo
Check the Amenities Available in Shared Areas
Condos vary considerably in terms of amenities that are available for owner to use in shared areas. Let us look at common amenities you should expect to get in Westmount condos:
- Party rooms
- Play rooms for kids
- Outdoor playing areas
- Hot tubs and saunas
- Exercise rooms or gyms
- Working or business rooms
- Rooftop patios having shared barbecues
- Swimming pools
Thus, it will be important for you to check the available amenities and their associated common expenditure fees to figure out whether which particular condo will match the lifestyle you have.
Check Fees for Common Expenditures
As a condo owner you will be required to pay monthly condo fees, that are to be used for the building’s upkeep and also for the amenities you will be using.
The fees usually vary depending upon what the condo considers as common elements. Usually, the fees will be higher if the condo is providing a greater number of amenities.
In some condo complexes, water, heating, electricity or even Cable TV can be included in your condo fees. If this is the case, the fees you will have to pay will be higher.
Additionally, you will have to know if the fees are regularly incremented and if so, then by how much.