Smarter San Diego | Condo Purchase Know How


Smarter San Diego | Condo Purchase Know How

There are so many things to consider before making a purchase in a condo development. On this episode, Nicole discusses the importance of reviewing building restrictions & rules as they may alter your down payment and loan requirements. She also breaches the topic of parking (or lack there of), knowing your building inside & out, and who you should have on your speed dial before you make your move.
Here are her notes from the show!
Building Restrictions/Rules & Regulations:
-Receiving Deliveries
-Pets  (size, weight, breed restrictions, access)
-Patio furniture, umbrellas, BBQ
-Rental restrictions: minimum lease length, percentage of rental units allowed
Litigation/Lawsuits:
-Down payment requirements
-Financing is different rate than advertised rates for SFR
Community Events:
-Padre game schedule
-Beer & music festivals
-Movie nights
-Conventions/Comicon
Public Transportation Locations & Schedules
-Planes, Trains, Trolley, Coaster, Buses
Parking:
-Whether deeded or HOA assigned (PR- always look over condo map and APN)
-Confirm spaces advertised
-Drive the parking garage, your spot might be 4 floors down or really far from the elevator
-Does the building provide grocery carts?
-Guest parking in the building or nearby
-Can you rent an extra spot?
-Spotshare App (ask your HOA if they do spotshare!)
-Zyrx app
Speed Dial:
Clean & Safe
San Diego Free Ride
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