Do you have the financial strength to acquire an Executive Condominium? If not, are you willing to go any length in order to acquire the funds that would be required to meet the Rivercove residences EC price? Some people opt for a bank loan to meet their needs but you are advised to do this if you feel they have a reasonable interest rate. Don’t break a bank because you want to purchase an Executive Condominium. In order to make an informed decision, do a rough estimate of the total cost of the apartment house plus the interest that comes with it to determine the viability of the project. We have several loans and various bank offers. You need to critically examine your options so as to make an informed decision.
As a first timer looking to purchase a property, you need to be cautious and take appropriate measures to assist you in making an informed decision so that you don’t end up harming yourself. Although it is normal to overlook somethings when shopping for an Executive Condominium, you are advised to take them into consideration so as to plan well before time. If you are acquiring one of these apartments for the first time and you have little or no experience, you are advised to consider the factors highlighted above and take them to good use. This will go a long way into ensuring that you make an informed and wise decision.
To give you proper insight, here are the following factors that you need to consider if you are going to buy a property for the first time.It’s a major investment, so you may take your time sorting each investing factors that we are going to introduce.
- Assess both the developer and property manager
If you are so in love with the appearance of the condo, it will be rendered useless if the property manager or the developer doesn’t click personalities with you. Considering the fact that you are going to live with a lot of neighbors in a complex building, you need to make sure that you can rely on the property manager should you need anything. Their services can make or break your condo living experience, especially if this is your first time.
- Hire and work with a real estate agent
You need help from a professional in property investment since it’s a major transaction for you. Hence, make sure that you’re going to choose a reputable real estate agent to work with you. However, learn how to work with a real estate agent. You should not let them make your decision just because they know the market better than you do. Weigh down the factors and sort out your thoughts to ensure that you are getting the right deal. Do not be a yes-man. Instead, show them that you are in control of the transaction. Some agents will force you to buy a particular unit because of the large commission, not caring if the unit will suit you in the first place or not.
- Settle down your loans
Most people end up getting loans before they become condo dwellers. Hence, make sure that your loan is already approved before you start searching and checking out available condo units. It will also give you an estimate on how much you can spend and how much you can afford. The goal here is to pay the maintenance fee of the condo monthly that does not compromise your utility bills in the process.
- Write down everything on paper
If you show great interest in the condo unit and you decide that you’re going to reside there, make sure that all agreements, rules and regulations, especially the transaction are written down in the fine print, signed by the two parties. Relying on verbal agreements is extremely dangerous, no matter how reputable the company is. Make sure that you have the proof of transaction so that you can protect yourself and your property should anything unexpected happens in the long run. Aside from that, read the fine print properly and make sure that you agree on what is written, especially in the implemented rules section.
These are just some of the important considerations when it comes to buying a condo. Keep these tips in mind; it can help you make a better decision. Property investment is not made overnight. Educating yourself is important to ensure that you are choosing the condo that fits your lifestyle and family.