Scottsdale Condos – 7 Buyers Tips
Buying a Scottsdale condominium (or condo for those hip to the lingo) has always been very popular in Arizona. There are several advantages, such as with condominium life and lifestyle of low maintenance and associated amenities appeal to a wide variety of potential buyers. There are currently more than 1,400 condominiums and townhomes available in Scottsdale. With market conditions and low interest rates, there has never been a better time to consider purchasing a new condo in Scottsdale, AZ. But before taking the plunge, take the time to review our 7 buyers tips for preparing to begin their search for new home. 1. Homeowners association dues (HOA, or rates for the strata of Canada) are commonplace for those who purchase condos or town houses in Arizona. As a buyer must be aware of what these fees include. In most cases the HOA fees include water, sewer, trash, roof repair, roof replacement, exterior maintenance of the unit, maintenance of common areas and a blanket policy of insurance risks. In some cases the HOA fees could include cable and electricity. Make sure you know what your HOA fees are before you buy your apartment so you can budget accordingly. 2. Be sure to call the homeowners association before writing a contract for a potential property and inquire about the status of "reservations" for the community you care if the association maintains adequate cash reserves are less likely to be beaten with a special assessment fee when the time units for new roofs, painting, or paved roads (if the complex is closed). While you're at it, ask if you have special arrears, or if there are any known assessments that will be imposed in the future. This could be important in their decision to write an offer on a new condo or town house. 3. Take time to consider if you want a top floor or unit. If you are an investor with intentions of leasing an apartment, consider buying a unit on the ground floor. Many prospective tenants either physically unable to walk, climb stairs, or simply prefer not to. If you are looking for a nice unit to enjoy, consider buying a unit above. Upstairs units often have Nice vaulted ceilings, and you do not have to listen to homeowners walking above you. Also, keep in mind that if you buy a unit upstairs, the conditions Covenants and Restrictions (CC & Rs) can prevent the placing on beautiful travertine or wood floor that has been dreaming about (due to noise problems occupants below the unit). 4. Most condos in Scotttsdale include covered parking and a common parking area for additional vehicles. If you have a new car may want to consider the city a home with a garage for 24 hours guard gated community, or at least a closed community. These facilities often come with a cost in the form of higher purchase prices or increased HOA dues. For those on a budget, consider a community that is not closed. 5. If you're a pet lover, check the CC & R before you write your purchase offer. Many complexes have rules about the type of pets allowed as well as limitations on weight and size of animals like dogs. 6. Scottsdale condos and town homes offer a wide selection of services. It is not uncommon these days to not only complexes have pools and spas, but shopping centers, fitness centers tennis courts, concierge services, movie theaters, bike rentals, video game rooms, billiard rooms and much more. Make sure your Realtor is the complex that best suits your needs and lifestyle. 7. Always have a professional inspection done before the end of the inspection period. This will not only give you peace of mind regarding your investment, but also gives an opportunity for the seller to repair any defective product before the close of escrow. Furthermore, it is always a good idea to check that the inspector is ASHI designation.
