Everything you need to know about buying a condo

When purchasing your first condo, there are a few things which you need to remember if you want to make the right decision. You may get caught up in the moment and forget a few things. This will almost always result in problems for you later on. Let's take a look at the most important things for you to consider:

Location: This is the most important thing for you to consider while buying a condo. You wouldn't want the condo to be too far from the city and at the same point of time you wouldn't want it to be located in a busy part of the city either. Finding the right balance between the two is very important when choosing a condo.

Floor plan: How many people actually think about the floor plan while choosing a condo? Not too many I'm guessing. Don't be one of them. Just look at the Sims Urban Oasis floor plan. It's the perfect example of how condos should be planned. Use it as your template.

Cost: This is a very important factor for most people. It is recommended that you set your budget beforehand so that you don't waste your time looking at condos you can't afford. Don't forget to look into the possibility of a home loan as well. How much do you qualify for? Try getting pre-approved. This can really help you get a great deal on a condo.

Amenities and maintenance: Condos are a part of larger residential properties. These properties usually offer a number of amenities as well like gyms, swimming pools, etc. Don't feel shy to ask about them. Ask about the homeowner's association as well. There will be a monthly fee which you need to pay to this association for maintenance work. Take that into consideration while calculating how much a condo is going to cost you