Before you choose on renting the unit out yourself, or hiring a professional, such as a real estate agent, ensure the condominium’s rules and regulations will allow for a rental by speaking with the condominium property manager, as some condo’s may restrict the quantity of rentals allowed in a building.
Whether you are planning to move in to a new condo or looking to invest more in your existing home, you may want to consider which upgrades will translate into more net value, whether you are staying or selling.
These days, the word “downsizing” brings to mind tough economic times and layoffs.
But when it comes to your life, downsizing can actually make you happy! By making the move to a condo property, typically there is a sizable reduction in your livable space.
So you have made the decision to purchase a condo, and beyond the traditional excitement and anxiety that comes with any major life change, there are some fundamental aspects that you must understand before signing on the bottom line, specifically the financial condition of the condo corporation, with regard to the reserve fund.
The transition that occurs when moving from a single family home, or even another condominium, can seem daunting, or even overwhelming. With so many rules and regulations, there is no quick and easy way to find the answers.