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HomeMainHow to buy a condo

How to buy a condo

Having a condo in this day and age is one of the best ways to start your hand at becoming a homeowner. In fact, most millennial homeowners are in fact owners of condominiums. This is because of many reasons but some of them are that condos are fairly cheaper than landed properties, Condos have proper good amenities and the residents are required to contribute towards a fund that helps keep the building maintained over time. This helps them live in a more harmonious living condition but what it also does is it helps protect your investment as property of prices do go up quite substantially depending on the location that you live in. So how do you get started in buying your first condo? Here’s how.

  1. Evaluate 

The first thing you’d need to do is evaluate your current spending lifestyle. How much you’ll be earning. It’s important to budget this out initially and plan it out accordingly because if you make a rash decision and just get a condo without budgeting and planning then all you would end up doing is spending money that you don’t have or money that is not accounted for. It’s also important to budget and plan for the future. For example, if you plan on having a kid then you would want to plan on having an extra mouth to feed and also the future of that kid. For example, College. Once you do all this budgeting and planning and accounting then you can come up with a rough number that you can spend on in the coming days.

  1. Find an agent

A lot of people normally go on zillow or property guru to try and find a property for sale but what people don’t think of trying is a real estate agent. People have a preconceived notion that agents are not really worth the money when you can just go onto any website and find a property for sale but it is always better to get an agent because they can help with finding the best property based on your allocated budget and the property value. Once you have an agent you can even get help from them by negotiating the rent down a little lower which can save you a ton if you plan on living there a long time. An agent can also act as the middle man in the trade between the landlord and resident. If you have any problems with the maintenance of the property then the agent can talk it over with the landlord to help solve at least most of these problems. You can easily find agents too if you take a look at your favourite property sites. 

Hopefully these things can help you make a solid decision on getting your next condo.Maybe you could use a search engine and look up for kayu ara condo for rent as that may help you in your quest for looking for a solid property to invest in as a new homeowner.

If want to find out more information like this, you can go check out Flickkr.

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