Did you know that most American households are spending over $1,700 each month on housing costs? That’s why it’s critical to be picky when you’re looking for a new place. You want to get the right blend of value and amenities.
Read on to learn about the 5 things you should be looking for when buying a new apartment!
1. Look at the Location
When you buy real estate, make the location a priority. If you buy an apartment in an area where businesses are leaving, you might lose money on the investment. But if you invest in an area on the rise, you could score a tidy profit down the road.
Consider the quality of the school district and access to nightlife amenities. Look at the crime rates and proximity to highways, too.
2. Consider the Age of the Building
While an older building might have the charm of crown molding and hardwood floors, it could also be a source of frustration. Old pipes, leaks, and spotty HVAC systems could translate into costs over time.
Consider asking for a report on the status of the building’s systems and structural integrity. You don’t want to be forced out of your space because it needs foundation or roof repairs.
3. Know About Maintenance Fees
Before signing a contract, be sure that you’re aware of any recurring maintenance fees. Even if you own one unit in a building, you might still have to contribute to ongoing costs. These could include security guard costs, garbage, or shared electrical costs.
Find out the typical monthly fees so you’re not blindsided. Need assistance zeroing in on the right option? Get help from cameronmiller.ca.
4. Check the Outdoor Space
Does the apartment have a balcony or rooftop space? Whether you’re looking for a modest space or a luxury apartment, be clear on what outside spaces you’ll be able to use.
For instance, some apartments might have community garden space where you can grow tomatoes and cucumbers. Others might have a rooftop communal space with grills and lounge chairs. And if you’re looking at a unit with a balcony, make sure you’re pleased with the view!
5. Don’t Forget About Parking
Can you afford to invest the time and money into finding street parking all the time? If you buy an apartment without a designated parking spot, you might be stuck hunting for a space each night. When you factor in groceries and fatigue from a day at the office, that might be too much of a nuisance.
Ask the seller if a spot is included in the price. If not, find out how much you’ll need to pay — and where a parking spot would be located.
Find the Right New Apartment
When you need a new apartment, it’s wise to visit many options and weigh the pros and cons of each. Find a unit in a well-maintained building — and a thriving part of town. And make sure you have a secure space for your car as well as access to the amenities you need.
Get more tips to satisfy your housing needs. Check back soon for new articles!