Buying a home is a big financial step, so it’s important to plan and budget carefully. You should consider all costs involved, from the down payment and monthly mortgage payments to property taxes and maintenance. The following are:
Dollar per Square Foot is based upon the home’s interior living space and does not include garages, unfinished attics and basements, rooms built without permit, patios, decks or yards (though all those can add value to a home). These figures are usually derived from appraisals or tax records, but are sometimes unreliable (especially for older homes) or unreported altogether. The calculation can only be made on those home sales that reported square footage.
Dollar per Square Foot is based upon the home’s interior living space and does not include garages, unfinished attics and basements, rooms built without permit, patios, decks or yards (though all those can add value to a home). These figures are usually derived from appraisals or tax records, but are sometimes unreliable (especially for older homes) or unreported altogether. The calculation can only be made on those home sales that reported square footage.
The whole process of finding your dream condominium unit can be both exciting and exhausting. Much more if it is your first time acquiring a property. From searching online listings for available inventory, to property viewing, it can take so much time, effort and energy! But at the end of your buying journey, when you finally find the property best suited for you, it can also be beyond rewarding. Although condominium ownership is a convenient way to own a property, there are several important things to consider before making a purchase. Aside from the usual pros and cons in buying a property, there are also several red flags that are the ultimate deal breaker that when you spot one, you better stop and walk away. Otherwise, you will just end up sabotaging your own property.
In a densely populated city like San Francisco, where the land area is limited but the demand for housing is high, condominiums offer a great alternative to fulfilling a city life.
