One of the most important decisions of anyone’s life is purchasing a home. It does not matter if you are purchasing a home for the first time or you’ve been around the block a few times already: the decision is always important and should never be taken lightly. Since it’s so important, how do you know you’ve chosen the right condos for sale in Hamilton, Ontario? It’s a good question and can seem difficult to answer – it isn’t. By knowing what to look for in a condo before you commit to a buy, you can be assured that you have chosen the perfect condo for your situation. This will allow you to avoid buyer’s regret and move forward with the purchase. Below are a few of the top reasons to know that you have chosen the right condo for you!
The status certificate is sound
The most important things you can buy to ensure you know you are making a smart purchase is a status certificate. The details in the certificate will tell you everything you need to know to make an informed decision regarding whether or not the condo is a good buy. It’s a lot of information so it can be overwhelming, but the best place to start is by reading the meeting minutes.
What makes the meeting minutes so helpful? For starters, it will tell you whether or not any homeowners have grievances with the condo board. This will give you an idea how well the entire property is managed and whether or not you should look elsewhere.
Further, you can actually view legal actions that have been filed against the developer! This will be the deciding factor regarding whether the management and developer of the condo are two parties you can trust or if you should look at another condo. If you feel like you cannot trust them, don’t do anything rash: look elsewhere before committing!
You agree with the condo bylaws
It does not matter how much you trust the developer and management of the condo nor does it matter how much you love the condo and the floor plan: if the bylaws of the condo make you feel uncomfortable then you’re not going to enjoy your time living in these condos for sale in Hamilton, Ontario. It isn’t like you can skirt some of the bylaws either: you must follow them or risk eviction. If they’re comfortable to follow, it’s yet another box you can check off that proves you’re making the right decision.
Your lawyer says the purchase agreement is…agreeable
Look, this is one of the biggest purchases of your life. Even if you find everything seems perfect and the condos for sale in Hamilton, Ontario seem like the right buy you cannot trust that on your instincts alone. Let a lawyer take a look at your purchase agreement (the document you will sign to purchase the condo on closing day) to ensure you are not agreeing to something you are going to regret later down the road. It’s also a good idea to get a lawyer to look at the status certificate and condominium plan just to give them a better outlook on what you are walking
into. It may seem like a lot of work but trust us: knowing you are walking into a good, sound legal deal is worth more than any lawyer’s fee!
The location is awesome
There is no reason to move to a place if you don’t love the neighbourhood. If you find there is nowhere else you’d rather be and you have found condos for sale in Hamilton, Ontario you’ve fallen in love with then don’t fret. You’re living in a place you’re going to be happy, and that’s one of the most important things when buying a new condo!
The condo fits into your budget
Although a mortgage stress test will tell you whether or not you are qualified for a home mortgage, you still need to consider things like condo fees and the like before the big move-in day. Create a budget before committing to buying condos for sale in Hamilton, Ontario. This will help you to figure out exactly what you can realistically afford and which condos you should pass on. By knowing this, you are going to know for certain that you have chosen the right condo! Ready to find the condo of your dreams? Reach out to LJM Tower and begin the process today!