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Torre Lorenzo Development Corp. continues to develop communities that aim to upgrade the lifestyles of the emerging affluent.
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Smart Questions To Ask When Buying a Condo
March 18, 2018

Of course, the discussion would not pass without you clarifying many important details of the contract and purchase at hand. However, you are not sure what to ask. No worries, as we got you covered. Here are a few examples of smart questions to ask when buying a condo unit:

What are the features of the condominium?

Never forget to ask about its amenities. Of course, you could do well with a swimming pool and a gym, but recreational areas, a proper storage space, lighting and ventilation are definite must-haves.

What are the security measures employed by the building?

Safety should always be your number one priority. The luxury and convenience would amount to nothing if you can’t get out of your unit due to an unsafe neighborhood once you get down from the condo itself. CCTVs and guards are must-haves when it comes to choosing a unit.

What’s the facility management team like?

There are people who handle the cleanliness of the outside halls and recreational areas, even the pool should be spotless, as well as the gym, with all of the equipment being rendered safe and clean for use. Make sure to choose a condo which has responsible management, one which will help you hand-in-hand when it comes to maintaining the positive aspects of your private space.

What are the rules and regulations?

Rules were made to protect us, while at the same time maintain the peace and orderliness of the area. Things such as the curfew and access of visitors in the building are seemingly minor, yet those are the most critical safety measures to set in place, especially as you would not want any untrustworthy people in your comfort zone.

What does the property insurance cover?

You must get a copy of the condo association’s insurance policy. Find out exactly what is covered, including the cost to bring the building up to code (if it’s an older building). Also make sure the estimates to rebuild are accurate and updated. It’s also important to check if their policy will cover your personal belongings if the roof leaks or the building catches on fire. If it doesn’t, you might want to consider taking out a policy on your own (which will be yet another monthly expense).

With all of these in mind, you’re finally ready to settle down at your own condo unit. If you are looking to experience only the best when it comes to quality condos look no further than Torre Lorenzo. Feel free to contact us via 86-TORRE (86773) or visit our website at https://www.torrelorenzo.com for more information.

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