Three Questions You Should Ask Before Investing in a Luxury Condo

There are plenty of benefits to buying brand new Manhattan condos. You could get amenities such as stainless steel appliances, clean lobbies, and working elevators. But buying a new condo will certainly set you back. For one thing, you’re setting out into a new and untested living experience. Second, you may pay more money to buy new housing. Before you go condo shopping, this article will present three different questions that you should ask before you buy that sparkling new condo in Manhattan.

What Does the Model Condominium Look Like?

Some developers will create a space in their offices that features kitchens, bathrooms, and other spaces that may appear in their Manhattan condos. Right before the building gets finished, the developer may create a unit that will get shown to potential residents. When you view a demo unit, you will see what you get if you decide to buy a condo in their building. Some parts of the condo experience that you may not see include the setup of the windows and the views that you will have once you move into the building.

What Types of Extras Do You Want?

Many developers in Manhattan will give potential residents of their buildings mind-blowing amenities. However, some of these over-the-top benefits could cost you a lot in monthly or annual costs. Figure out the amenities that you absolutely must have. You can then add on more resident benefits at a later date.

Could You Rent Out Your Condo?

Many developers prohibit residents from renting out their unit for a certain period. You might also run across developers who don’t allow anyone besides the owners to use the building amenities. Check out the policies for subletting before your move-in date. You don’t want to come across any unpleasant surprises while amid a business transaction.