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Four Signs You're Buying the Right Edmonton Condo

Posted by Sara MacLennan on Monday, May 12th, 2014 at 1:42pm.

When it comes to shopping for real estate, you must be aware of many different aspects of the home itself as well as the process. You must find a balance between emotional, logical, and cost-effective considerations to ensure that you find yourself in a home that matches your desired lifestyle. When purchasing a condo, the process is no less complex. If you're trying to decide whether a home is right for you, here are four signs that you're buying the right Edmonton condo.

Visualization: You Can See Yourself There

Often, homebuyers can decide which home is right for them based solely on this fact: they can easily visualize themselves in the home, and the visualization is positive. If you step into the condo and immediately feel a sense of being "home," or if you start mentally arranging your own furniture in the different spaces of the condo, you have likely found the one for you.

Finances: The Price Is Right

When it comes to purchasing a condo, you’ll want to ensure that the numbers make sense. If you've done your homework on recent comparable sales and feel comfortable with the price you are paying, this a good sign that you are making the right decision. Ensure that you also look at any additional costs involved with the monthly costs of the condo, such as maintenance fees and utility costs.

Convenience: The Right Lifestyle

When it comes to searching for the right condo, you’ll want to ensure that you've done your research on the location, especially if you are new to the area. Many homebuyers opt to buy a condo instead of buying a detached home or larger townhouse so they can add to the convenience of their lifestyle. Being closer to a central area where commuting to work is efficient and convenient will certainly create a more relaxed, enjoyable lifestyle.

Logic: Due Diligence and Foresight

When purchasing a condo, there are some additional factors to pay attention to. Once you've done your due diligence on the condo building itself, such as having a professional inspection done, you will feel much more confident with your purchase. Another sign that you are buying the right condo is the amount of support you get from your real estate professional. They will be able to give you a future outlook of the market and the possibility of your particular chosen condo growing in value.

Once you get to know your prospective new home on an emotional, financial, logical, and locational level, you will certainly feel more confident in your decision to purchase that particular condo. Once you have all of these aspects in a row, and have done your due diligence with your fair share of Edmonton condos, you will find that the decision just feels right. When purchasing a home, it’s important to rely on your gut instincts, and make a choice based on what feels like home.

Next Up: Do you really need to hire an agent? Find out why you need to consider it here.

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