Buying condos for sale in Surrey requires careful planning. Purchasing a property is much more complicated than renting as you are going for a long-term investment. Surrey is most widely populated in Metro Vancouver. It is the second most populous city, having a lot of amenities like better housing, recreational opportunities, parks, and business opportunities.
Why should you get a condo instead of an apartment?
If you are thinking of becoming a homeowner and do not want a large house or a single home, then a condo is just the right choice. A condo is an independent unit in a multi-story building with shared amenities like stairs, a lift, and a parking area. You own the space within the four walls, and the condos’ structure is almost the same.
Things to consider while buying a condo
Do you love to cook? Then, a condo with an adequately ventilated kitchen would be your ideal choice. Are you planning to get a condo for the long term and raise a family? A two or three-bedroom condo is preferable. If you are single and working, maybe a single bedroom is convenient. So, condos come in various sizes equipped with different facilities. You have a variety to choose from depending on your requirements and budget. Following are some things to consider while looking for condos for sale in Surrey:
1. Location
Location is most important when you look for a condo. The building and facilities might be appealing, but if it is far from school and workplace, it might be hectic for you in the long term. Choose a location that is close to your workplace or school. Secondly, if you want to live in or out of the city for an extensive space and at a lower price, It all depends on your budget and preferred amenities.
2. Condo size and area
The size and area of a condo unit is an essential factor to consider. Generally, the older ones are larger than the newly built ones, where spaces are predesigned for equipment. You should visualize how you can transform the space according to your requirements in the long term. Similarly, you might have to move away from the city if you want something spacious within a budget.
3. Floor Level
Floor level is an essential factor when determining budget. You should consider how much you will pay to live at ground level. Having pets or young children is far more convenient and safe. It is more accessible to the parking area and saves you daily time from lifts or stairs. The prices vary from the ground to the middle and top floors. Living on middle or top floors gives you more privacy and reduced noise levels. But it is also very hectic. You might have to use stairs more often if the elevator is under maintenance. On the other hand, it also offers a better view and sometimes an open space like a terrace.
4. Facilities
Apart from the basic facilities like parking areas, elevators and terraces, many condo developers provide communal swimming pools and gyms. So, you can make an offer based on the facilities provided. However, an important consideration is how these amenities will be maintained. Are they beneficial in the long run? For instance, having a communal gym can save you money on a private gym.
5. Price of condo
Price is a determining factor of whether you should purchase a property or not. You should not exceed your budget or risk all your savings on a condo. It is important to note all the critical factors for an ideal price. Make an offer based on the location, amenities, dimension, and space. Secondly, you must know the payment plan. Go for it if it supports your budget and fulfils your requirements.
6. Maintenance cost
Maintenance costs include two types of costs—firstly, the repair costs for internal costs and secondly, the long-term costs like the developer’s maintenance fee. Repair costs are generally for rental and old property. If you are purchasing a used property, have a technician review it. They can give you a better idea of the maintenance and repair costs.
7. Renovation cost
Renovation cost is something additional to your purchase budget. If you purchase an old condo, the appliances might need a replacement. Similarly, you might want to add something new, change the electrical wiring, or install some shelves, cabinets, etc. Even with a brand-new condo, you might want some customizations. However, it is an optional cost.
8. View and dimension of the unit
Everyone likes a pleasant view from their windows. No wonder why this factor increases the purchase value of a condo. But there are some important factors you should not miss out on. Sunlight and ventilation are pretty essential. The unit should have enough sunlight and ventilation so your space doesn’t feel confined. The direction and duration of the sunlight matter a lot. A north-south-oriented condo will have the sun’s rays will pass from one point of your home to another. It ensures you have sunlight throughout the day without getting too warm.
9. Real Estate Agent
Finding the right real estate agent is necessary to get the most out of your budget. Searching and visiting all the condos within your budget is very hard. But a top realtor can help you get the best place within your budget. For instance, you might be finalizing a condo, but there is a high chance you are missing out on a better one just a street away. An experienced professional knows the perfect deals on condos for sale in Surrey. He can get you access to the maximum options to select the right one accordingly.
Final Remarks
Finding a perfect place on your own is quite tiring. Therefore, an expert real estate agent can help you get your dream condo in no time. Have you been searching for a ‘real estate agent near me’? You are at the right place with the top realtor, Muzaffar Manghat. With years of expertise and real estate knowledge, he can help you get the right condo within your budget.
