Items That Should Be in A Luxury Condo Buyer's Checklist
Buying a luxury condo in Scottsdale may be at a much higher level than, say, shopping for groceries from the neighborhood store. But just like the much more grounded task, luxury condo shopping could use reminders in the form of a checklist. After all, buying a luxury condo involves a serious amount of money, and no prospective buyer would ever want to forget something important. So here are some items that should be on your checklist when buying a Scottsdale luxury condo.
Location is always key whether you’re purchasing a luxury condo as a business investment or as a place to call home. If you want to live in that luxury condo you’re planning to buy, make sure that the location best fits your lifestyle.
The design of a luxury condo should be up to your tastes. Design, after all, plays a crucial role not only in the appearance of a building but its function as well. And when a building has remarkable architecture, you can rest easy that the value of your investment is secure.
No luxury condo buying checklist would ever be complete without a box for “amenities.” In the world of luxury condos, swimming pools and fitness centers are already considered basic. It’s just a matter of how luxurious those amenities are that would make you tick off that box. So the gym must be clean and well-equipped, with more machines and space than your average fitness center. Swimming pools, for their part, are expected to be more elaborate and posh, with Jacuzzi and waterfalls, and in some cases, panoramic views.
The reputation of the building in the luxury condo community
Before buying a Scottsdale luxury condo, you need to do your research to find out if the building has a solid reputation within the community. Signs that a luxury condo is reputable include a professional condo management, rules and regulations in place to support residents’ quality of life expectations, and a board of directors that is actively involved in its operations.
The financial health of the luxury condo complex
The homeowners’ association (HOA) of a luxury condo complex collects monthly fees from its residents for the upkeep of the building, among other things. Aside from the monthly fees, HOAs are also expected to have a sizable reserve fund. These are finances that you have every right to be aware of, especially if you’re going to live in the building. So before signing on the dotted line, request a copy of the bank records, service records, and the HOA meeting minutes of the complex.
These are just some of the most important items that should be on your checklist. If there are other things that you think should be on it, don’t hesitate to put them there. So when you finally check every single box in your checklist, you will be 100% sure that the luxury condo you’re eyeing is the right one for you.
Victoria Hemmington is the content writer at The Landmark at Kierland, a luxury condo community in Scottsdale. When not writing, she enjoys gourmet cooking and traveling to unusual places.