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Greenleaf Realty 3018 Oakland Suite B Kalamazoo, MI 49008 (269) 372-4400 Office (269) 372-4400 Fax Open Monday - Friday 8:00 a.m. - 12:00 p.m. 1:00 p.m. - 5:00 p.m. |
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This page is dedicated to all of your condominium needs. Here you will benefit from our unique company resources, including:
Greenleaf Realty is the Kalamazoo area's Condominium Experts; servicing all associations and ready to help you in your evaluation. Let’s Talk About Real Estate – Thomas Ervin "Questions
to Consider When Buying a Condominium" Buying a condominium requires more information than when
buying the typical detached single family home. If you are considering purchasing a condominium for the first
time, you may find the following questions helpful: 1.
How many units are in this community and are there plans
for additional units in the future?
If additional units are planned, it may be difficult for you to
sell your condominium if you must compete with new units that may offer
special financing packages or other incentives provided by the developer. 2.
What is the density of this community?
You will want to know how many units are built per acre.
High density can cause parking problems or a lack of privacy caused
by too many people living in a small area. 3.
What percentage of units have been sold by the developer?
You want to know if it appears that this community will be
successfully sold out. Some developers have resorted to renting unsold
units if they can’t find buyers. A
significant percentage of renters could adversely affect your investment. 4.
How well have the common walls be soundproofed?
Your ability to enjoy the quiet comfort of your condominium
will depend upon the quality of soundproofing of walls and perhaps floors
and ceilings. Ask for an
explanation of the method used by this developer. 5.
Who are the people managing this community?
A community may be managed by the developer, an association of
owners who hire various trades, or a professional condominium management
firm. It may not be a bad
idea to ask existing owners about the quality of the management team in
place. ADVICE:
The above questions are just a few of the important factors to
consider when buying a condominium. Because
of the uniqueness of each condominium community, it is advisable to buy
through a Realtor who can help you get the information you need to make an
informed buying decision. Thomas Ervin is a nationally syndicated real estate columnist. Area Condominium Association Database As Kalamazoo’s premiere condominium specialists, Greenleaf Realty agents are proud to assist in smooth property sales in all the area's popular condominium associations. Contact one of our agents today to learn more about any of the following area condominium developments:
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