If you are considering buying a condo, then there are many factors that you need to consider before making your decision. Some of these factors may include the location of the condo, whether it's in an area with good transportation routes and if it is close to amenities. There are also important considerations such as how much maintenance will be required for the property and what kind of payment scheme the developer offers.

#1 Location: Condominiums are usually located in convenient areas however, you still have to consider how the location affects your life and what kind of lifestyle it would provide for you and your family.

Your ideal condo may be close to your workplace or school but not too far from your friends and family so that you can easily go back and forth between all places without spending a lot of time commuting. Your condo should also be near common locations like restaurants, grocery stores, banks etc., so that when you need something urgently, it's easy to get there without much hassle.

A good way to ensure a condo will meet all these requirements is by looking at the map first before buying one. If possible find out where exactly it's located within the neighborhood and check if it has convenience amenities nearby such as public transportation stations (bus stops), schools/colleges nearby etc.. Also make sure that there aren't many other condominium projects in the same area because this may cause

#2 Condo Regulations & Rules: Condominiums have rules and regulations that you need to know before you buy. The last thing you want is to find out after your purchase that the condo association has strict rules against pets or overnight guests. Knowing what’s allowed in your prospective condominium will help ensure it fits with your lifestyle and expectations. Each condo has their own rules and regulations. Make sure you read the condo’s handbook of rules. Being informed about the rules ahead of time can help you avoid any surprises down the road.

#3 Budget: Monthly Fees & HOA Fees

Condo fees are a confusing part of condo ownership. They're complicated, and it's hard to know how much you'll be paying for maintenance each month.  Aside from monthly fees such as electrical, garbage, gas, etc..  there are separate HOA/Condo fees you will need to be aware of. These fees include maintenance fees, etc.. Some monthly HOA fees include water or garbage.  Condo/HOA fees can be  high and range between $200 per month to $700 per month.

#4 Environment

When you are looking at buying a property, one of the most important factors is its environment. The last thing you want to do is end up in an area that has bad traffic or where people throw trash all over the place. You don't want to live in a building that isn't well maintained and safe. There are maps and walk scores online to help locate if your condo are nearby freeways, amenities, parks, etc.. which can help you with this decision.

#5 Property Management

Property management is a very important aspect of your investment, but it can be hard to know what you’re looking for when visiting properties. The quality of the property manager and the condition of the unit are largely dependent on each other. A good property manager will take care of your building so that it looks great and runs efficiently, which means higher rents and more money in your pocket over time. On the other hand, if you have a bad property manager who doesn’t pay attention to details like cleanliness or maintenance issues, then this can affect both tenant satisfaction as well as long term value (and therefore price) of your investment. You need to understand what separates a good from a bad property management company based on their actions rather than just words they tell you during an interview or sales presentation. To do that, we recommend asking them detailed questions about how they operate before signing any contracts with them

#6 The Small Print

Condo acquisitions can be complex and difficult to understand.  Without understanding all the details of a condo purchase, you could end up with a property that is more of a problem than an investment.  Read through all the information carefully before signing any documents. Make sure you understand everything, including the fine print, to avoid any problems down the road.