Thursday, August 18, 2016

What To Look For When Buying a Condo

Living in a condo is a lot different than a house. There are many benefits to living in a condominium at the Lake of the Ozarks. Isla Del Sol offers is residents many great features, such as its beautiful pool, Lake views and more. However, there are much more you need to look for when you make the decision to buy a condo at the Lake of the Ozarks. Here are 7 tips to consider when purchasing a condo:

1. Hire a Real Estate Professional

Hiring a professional REALTOR that is well diverse with condos is a good idea. This will help you make informed decisions, as well as keep your interests protected. They will also make sure that the buying process goes as smoothly as possible.

2. Look at it as an Investment

Similar to buying a house, buying a condo is an investment. Although you should be buying a condo you like, you should also look at it from a resale perspective as well. Ask the specialist about the developer's reputation, the resale market and past projects, as these will all affect the resale price.

3. Consider the Location

The location of the condo is much more than the views. However, we can't complain about our condos with lake views. When you are looking for a condo to purchase, make sure you like the area it is located. You should also consider the unit within the condo complex. If there are a lot of stairs, are you willing to make that trek every day? 

4. Is There Parking?

Parking is an important feature that is often overlooked. When looking for a condo, make sure there is a good parking spot for not only you but for your guests as well. If you are using your condo as a vacation home or for entertaining guests, you will want to make sure there are plenty of parking space. In addition to ample parking space, you will want to note how far the parking is from your unit.

5. How's The Security?

If you are using your future condo as a vacation home, it may be empty for a good portion of the year. This means that you should look closely at the security features. Is there a well-lit parking lot? Are the community facilities locked? These will not only help you feel safe while you're there, but also while you are away.

6. Get To Know Your Neighbors

When you live in a community building like a condo, getting to know your neighbors is part of the experience. If you purchase a unit before meeting who you are going to be living next to, you may be in for a surprise later down the road. It is a good idea to talk to a few people before making the decision to move in, as they can tell you more about the building. 

7. Take Multiple Visits

Buying a condo is a big decision just like buying a house. If you are considering a certain unit, you should visit it during different times of the day. This will allow you to see how the complex is during different times of the day. If there is a pool, does it get busy during the evening hours? Are lots of people out and about during the day? These things may be a deciding factor on if that community is for you. 

If you are looking to own a condo at the Lake of the Ozarks, give us a call at 573-552-8418. Isla Del Sol is the Lake of the Ozarks only island condominium project. The best waterfront condo at the Lake of the Ozarks has amazing amenities, and is close to world-class boating, golfing, fishing, shopping and family fun!

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