When buying a new apartment, it’s crucial to ask the right questions to avoid costly mistakes. Here are five important questions to ask:
- What are the total costs involved?
- Beyond the purchase price, ask about maintenance fees, property taxes, utility costs, and any special assessments or homeowners’ association (HOA) fees.
- What is the apartment’s resale and rental value?
- Research property appreciation trends in the area and potential rental income if you ever decide to lease it out
- What are the rules and regulations of the building?
- Check for restrictions on renovations, pet policies, subletting rules, and noise regulations.
- What amenities and services are included?
- Find out about parking, security, gym access, concierge services, and maintenance support.
- Are there any ongoing or upcoming construction projects nearby?
- Construction could impact your view, resale value, or quality of living due to noise and traffic.
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“The key to a great apartment isn’t just its walls and windows—it’s the lifestyle, security, and future value it offers. Choose wisely, live happily.”
Nidhi Joshi -
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Get help from Nidhi Joshi
When buying a new apartment, your local real estate expert, Nidhi Joshi can help you navigate the process, understand the market, negotiate effectively, and ensure you’re making a sound investment. She can also assist with financing, inspections, and understanding lease terms
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