Although Chicago is known as The Windy City, don’t let the thought of buying a condo in Chicago blow you away. There’s pizza, shady people, and who can forget “Da Bears.” But despite the less-than-spotless reputation, Chicago is still a great place to live. And being in a large city means there are plenty opportunities around for employment. Whether for investment or personal enjoyment, a condo in Chicago is a great option.
The best advantage of buying a condo in Chicago instead of a single-family home is the hassle-free ownership you get. No more worrying about mowing the grass or keeping a homeowner’s insurance policy. And if you are in an uptown high-rise, chances are there will be a maintenance department similar to those in a large apartment complex. This means you don’t have to worry about fixing anything inside or outside of your unit, either.
The following tips will help make buying a condo in Chicago a breeze.
1.Do your homework ahead of time. Check out the properties you like, getting an idea of what you want to pony up, and then contact a realtor. This will put you in the driver’s seat, letting you focus on the properties you want to see instead of following someone else’s lead. Talk to others in the area, or even some of your potential neighbors.
2.Visit your potential property after dark. Many places seem to be safe during daylight hours, but once the sun goes down things look a whole lot different. Checking out a condo in Chicago at night allows you to get a clearer picture of what the property is like. Make sure you know everything before you sign on the dotted line.
3.Be wary of “pre-construction homes.” The most recent housing boom showed a huge upswing in the amount of owners purchasing properties that had yet to be built. When the market began to sharply decline and the bubble burst, construction ceased operations, leaving potential homeowners to fend for themselves and fight to get their money. So many projects were abandoned, and even more went from condos to apartment projects. Don’t sign up for something you’ve never seen.
I found a great condo on the near west side with Heritage Homes through New West Realty. I have never owned before and with their Path to Home Ownership program I am able to afford my very own place. Talk about hassle free ownership! http://www.heritagehomeschicago.wordpress.com
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