5 questions to ask if you want to find the best Burnaby condos for sale
Are you looking for the best Burnaby condos for sale? Maybe you are tired of being unable to paint the walls of your own flat and want to take matters into your own hands. Or maybe it is time to downsize your home. Many people prefer to live in condos because they can enjoy all the pros of living in their own homes without having to deal with the extra caretaking responsibilities.
Because buying a condo is a little different from buying a house, there are a few important questions that you need to answer before deciding on a certain unit:
- What are the most complaints?
Talk to some of the current owners or check if they have a community Facebook page. You can get to know if the association is serious about fixing problems. Ask your potential neighbors about the condo manager and try to talk to him in person before committing to live there.
Some condos manage themselves and the residents prefer to take matters into their own hands. This means that your monthly fees are usually lower from professionally managed condos but if you don’t have the time or the will to participate, then you must consider this point.
- What are the rules?
Each community will have a set of different rules. Ask about these before moving in. If you own pets or are allergic to them, you need to check your community’s pet policy. Ask if you will be provided with any extra storage space for bikes or luggage.
- What does the insurance policy cover?
It is important to check this and to make sure that it is up to date. You might want to see if the insurance policy covers fixing the building if it is old or if it covers your personal belongings in case of a fire or a leaky roof. If the policy is outdated or confusing, you need to take it to your own insurance agent.
- What do the monthly association fees include?
The association fees depend on the number of units, the type of management whether it is a professionally or self-managed community and what it takes to maintain the whole property. Make sure that you understand the breakdown of these extra fees and that you are able to afford them.
- Is there any litigation?
Before you move in, make sure that there are no pending lawsuits between different owners or between the owners and the management. If there are lawsuits, then this might be a sign of a poorly managed community or one that is filled with people who have time for drama.
Buying a condo is not a simple decision. It is important to know what to look for and what to ask if you want to find the best Burnaby condos for sale.