7 Things to Know Before You Buy an Apartment in Torrance, CA
1. The Area
There are several online neighborhood evaluation tools you can use to figure out whether a certain place is suitable for your family. Check the crime rate, average home price, walkability, and demographics to see how well you’d fit in.
2. Current Market Conditions
Experts recommend that you monitor market conditions in your target area for at least a year before you buy. That way, you see what kinds of properties are available, what the average apartment sells for, and how the price fluctuates throughout the year. Set up an alert with property companies and reach out to a real estate agent.
Tell the realtor about the kind of home you’d like to buy, how much you can afford to pay, and what features are important to you. They’ll alert you as soon as something suitable becomes available, so you’ll be the first to know about new properties on the market.
3. The Age and Condition of the Building
The same goes for the whole apartment building. Walk around the inside and outside of the structure, and check for cracks, broken sealant, or mold. These could be indicators of problems that might impact your quality of life. Pay close attention to what the hallways look like and whether all the facilities, like the elevators, are in good repair. If not, likely the building managers aren’t doing their jobs properly.
4. Building Features and Security Measures
In an apartment block, you have less control over security measures than in a single-family home. There are also many more people coming and going, so it’s harder to prevent intruders from gaining access. Before you buy, find out everything you can about the security measures in the building. Some basic apartment block security systems include outdoor security cameras and intercoms. More upscale buildings might have a concierge.
It’s also worth checking out the building’s features to determine whether you’d enjoy spending time there. Is there a gym you could use? Or even a swimming pool? These additional perks can save you money and make life inside the apartment block more pleasant. If there aren’t any facilities inside the building, check the neighborhood to find out whether there are good supermarkets, gyms, cafes, and restaurants nearby.
5. Ongoing Fees and Maintenance Costs
There might also be a pot of money for renovations and maintenance, which you’ll need to contribute to. When you understand all the ongoing costs of living in your apartment, you can decide whether the place is a good deal. It’s also much easier to come up with a viable budget that way.
6. Car Parking and Storage Options
You might also need to think about storage options, especially if you’re downsizing. Ask the property managers whether there is storage space for residents inside the building. If not, check that there are storage unit rental companies in the area.
7. How Your Neighbors Might Impact Your Lifestyle
When you move into an apartment, you don’t usually have any control over who your neighbors are. For this reason, it’s important to assess how they might impact your life. Check the walls, floors, and ceilings of the apartment to find out how much noise is likely to travel from one unit to the next. If there isn’t a lot of insulation, is there anything you can do about it, like adding carpet?
Another factor to pay attention to is the smell. Walk around the apartment and check that there aren’t any bad smells. Make sure that your new home is easy to ventilate, ideally by opening the windows.
Always do your research before you buy an apartment so you don’t end up living somewhere you don’t feel comfortable. Some of the factors to consider include the area, the age and condition of the building, the fees and maintenance costs, the car parking, the storage options, and your neighbors. Call Teresa Mack to find an apartment in Torrance, CA. She’ll help you find the best deal.