If you’re like a lot of people buying a condo or loft for sale in DTLA, you want to make sure you’re making a good investment – but what are the signs you should head for the hills?
Check out this guide to make an informed decision.
How Do You Know if the Condo Building You Want to Live in is a Good Buy?
Sometimes there are red flags that let you know you’re not making a solid purchase – but you need to know what to watch for. When you’re scoping out a new building, look at:
- How many condos or lofts are currently for sale
- The school system’s grade
- You see empty storefronts on the streets nearby
How Many Condos or Lofts Are Currently for Sale?
If half the condos or lofts in a building are currently for sale, that might be a sign that it’s not the right place for you. Why is everyone selling? There has to be a reason.
What Grade Does the School System Get?
Even if you don’t have kids, a lot of experts say that you should look at how good a school system is before you make a home purchase. Your Realtor(R) can’t tell you if the schools are “good” or “bad,” but you can do your own research to find out if a school system near the home you want to buy is serving its students well. If you later want to sell to a family, they may also be interested – and for some people, schools make or break a deal.
You See Empty Store Fronts
If the area around the building you’re looking at looks more like a ghost town than a thriving community, it may not be the right choice for you. While there’s something to be said about peace and quiet, empty storefronts can fall into disrepair and signal that a neighborhood is on the decline.
Are You Buying a Loft or Condo for Sale in DTLA?
Call us at 213-254-7626 or get in touch with us online to start exploring your options when you want to buy a loft or condo in downtown Los Angeles.
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