Despite the fact that a condominium complex can be built easier with limited land compared to normal real-estate complex, it doesn’t mean that every available plot of land can be used to build a condominium complex on it. That’s why some people have to buy condo units in older buildings, especially for those with a low budget. Fortunately, if you have enough budget, we recommend you to buy better condo units from younger buildings, like the ones from the Hyll on Holland.
Here are some reasons to be careful when you buy a condo unit in an old building:
Safety should be your main concern
Does the building is still safe to be inhabited? If it does, feel free to buy a cheaper condo unit in it. However, the term safety here doesn’t only require the strength and durability of the building itself. Without being disrespectful to anyone or any group, usually, the old building comes with a deteriorated appearance and a high rate of crime area. You may find a lot of old buildings are associated with gangsters and thugs. If you do find a cheap condo unit with such a location and community, we recommend you to look for a condo unit in a younger building, like the Hyll on Holland instead of that one, especially if you have a child who lives with you.
Cracks and molds can make you feel uncomfortable
Cracks in your condo unit’s walls can make you feel uncomfortable, even if it’s a safe area for you to live. Furthermore, it can be a lot more stressful if you have to see moldy walls every time you stay in your condo unit. Molds aren’t just making the condo unit looks bad, but it brings harmful substances in the air at the same time.
Possible problems with water and electricity
Some old buildings might have water problems, as well as the risk of having an electrical blackout often. You must consider this thing too before you buy a condo unit in an old building, and we recommend you to buy a decent condo like the Hyll Holand.