Investing in a Downtown San Diego Condo

July 7th, 2015

Condo properties must surely be the investment of the future. Downtown San Diego Condo living is like having your own place but without the maintenance. It’s like swimming in the pool without having to worry about the Ph balance.

It’s like being able to walk around lovely, large grounds without having to worry about when you are going to cut the lawn. It’s about having your screen door get stuck without having to get down on your hands and knees to fix it.

And all these reasons are linked to the reason why it may be the investment buy of the future. It has to do with ‘ease of living’ – which has to do with the large numbers of baby boomers who are coming up to retirement age. They may not be into condos yet ….. Many of them may initially want to lead a more active life while they still have a surplus of energy.

However, perhaps by the time they are into their late seventies or eighties, they may be looking for the easier life! A life with someone to help with the upkeep: a life in a Downtown San Diego Condo!

The sort of pampering that you can expect in a condo complex will largely depend on the type of service that is offered when you buy the place. The term full service is often quoted, but some full-service tariffs are fuller than others!

Before you purchase a condo, check the full-service list. Does it have a limit on the yearly number of maintenance calls you are entitled to? Are there routine maintenance checks included in the contract? Is there a shopping shuttle and could you have any input into the choice of shop?

Are there any rules in the prospectus that you would not like to concur with? For instance, are outdoor barbecues allowed on your balcony or patio? Are there night time noise restrictions?

Ask to have the full service list in writing and dated. When you draw up a purchase agreement, have the full-service list attached to it as an appendix and have the terms of it signed into the contract.

Make sure that you do not only look into the layout of the unit and the facilities offered. There are other important factors. What is outside the resort wall? Anything? Also make sure to check out our Condo Comparison Guide to determine the best development for you: Downtown San Diego Condo Guide.

If you are considering buying a condo as an investment for possible future sale to a baby boomer, bear in mind that you will be opting for the facilities required by an older person.

Finally, when the sale time comes perhaps you will be too fond of your odd trips to the condo to want to sell it – maybe you should buy two while you’re at it?

The Latest Headlines

Selecting a Contractor for your Downtown San Diego Condo

You are finally in your dream Downtown San Diego Condo. You have the perfect layout of the house, you have everything you need in the right place, and you even have a......

read more

The Mark San Diego Market Updates

The Mark – Market Updates On the city block bounded by Market Street, Island Avenue and Eighth and Ninth Avenues is The Mark, a 33-story community offering 233 condominiums and 11 town......

read more

Treo San Diego Market Updates

Treo – Market Updates Treo, bounded by Kettner Boulevard and A, B and India streets, is a 24 story, 326 residence development found in the Columbia District. Built as mixed use, Treo’s......

read more

Trellis San Diego Market Updates

Trellis – Market Updates Trellis is a 11-story, 149-unit condominium development located on the northeast corner of Fifth Avenue and K Street in Downtown’s dynamic Gaslamp Quarter. Amenities include a common entertainment......

read more

Laurel Bay San Diego Market Updates

Laurel Bay – Market Updates March 2015 Laurel Bay Market Update View the Laurel Bay Market Update January 15 Laurel Bay Market Update View the Laurel Bay Market Update November 2014 Laurel......

read more

Downtown San Diego June 2013 Events

June 1st San Diego Century Bike Tour Choose between one of the three grueling courses: 37-mile, 66-mile, or 103-mile. The event starts and finishes at Mira Costa College in Encinitas. 6 a.m.......

read more

Crown Bay San Diego Market Updates

Crown Bay – Market Updates The secret is out, Crown Bay offers the most competitive Homeowners Association fees in the Downtown San Diego Marina District. This downtown property offers plenty of amenities,......

read more

Cortez Hill San Diego Market Updates

Cortez Hill – Market Updates This historic district was named after its feature attraction, the El Cortez Hotel. Located on a hill, the Cortez District overlooks picturesque downtown San Diego, Balboa Park......

read more

Diamond Terrace San Diego Market Updates

Diamond Terrace – Market Updates Located directly in front of the entrance to PETCO Park, Diamond Terrace is in the heart of Downtown San Diego. It was completed in 2005 and features......

read more

Palermo San Diego Market Updates

Palermo – Market Updates Located in Little Italy, the exterior design of the Palermo property is a throw back to the era of industry. Completed in 2004, the six story building combines......

read more

Get Listings and Articles Delivered Straight to your inbox

  • This field is for validation purposes and should be left unchanged.