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As most of my loyal readers know, I love Monterey Hills. I used to live in Monterey Hills. My parents still live in Monterey Hills. And, what most of you do not know is that I started my real estate career, sort of, in Monterey Hills. I used to show the Monterey Hills condo models when Huntington Terrace and Hudson Terrace was first built back in the early 80s. I was, yes, a hostess. :-)
So when you are ready to buy your first condo in Monterey Hills what should you look for?
- Amenities: each Monterey Hills condo complex has different amenities and its own history. Almost all have pools and spa, but some Monterey Hills condo complexes have a recreation room, steam room, sauna, gym and paddle tennis courts.
- Floor plan: In my experience, Monterey Hills has mostly 2 bedroom condos. Of course, there are 1 bedrooms and 2 plus den (which by the way some sellers try to convert and claim as 3 bedrooms - make sure to check the tax records) Mostly 2 bedroom floor plans come in two types: bedrooms on either side of the living room or together, on one side. Whats important to you? Do you have a small baby that youd want in a bedroom next to you? Or would you like more privacy and have the 2nd bedroom a bit away from you?
- Floor Location of the condo: what is your preference? Do you like to be on the 1st, 2nd or 3rd floor? Pricing wise, 3rd floor condos are a bit more expensive since you do not have anyone living above you. 2nd floor condos are least expensive since you have someone living above and below you. 1st floor condos can be as expensive as 3rd floor is they have large patios. Some of the Monterey Hills complexes have 1st floor condos with huge patios.
- Location of the condo within the complex: corner units are a bit more in demand. They usually have only one side neighbor, extra windows and better views.
- Architecture: some of the older Monterey Hills complexes have more traditional floor plans - clean lines and angles, four wall rooms, etc. The newer ones have more angles in the rooms - a bit more challenging to decorate, but very lovely nonetheless.
- Rules and Regulations: What are the quiet hours? Are pets allowed? Can you barbecue on your patio? Whats important to you? Review the Rules and Regulations carefully before buying your Monterey Hills condo.
- History of the complex: some of the Monterey Hills condo complexes have been modified and rebuilt over the years. Some have better reputations and are just more in demand.
- HOA Dues: HOA stands for Home Owners Association Dues. Each complex has their own dues. Most are based on the amenities and services provided like Post Security. For the most part, HOA dues are based on square footage of your unit.
- Management of the complex: as you walk around each Monterey Hills complex, you will have a pretty good feel about how this condo complex is managed. Does it look like it has some deferred maintenance? Is the landscaping taken care of? Is pool patio furniture clean and in good shape? Is the gym equipment up to date and the gym looks clean over all?
- Financial Health of the complex: Always ask to see the financial statements of the complex. Do they have a lot of money in reserves? Is the Association anticipating any special assessments? What are the HOA dues being spent on? Is there a trend of specific repairs that might affect your HOA dues in the future.
Make sure to hire a real estate agent that is familiar with the history of Monterey Hills and can guide you through the process of buying in the Monterey Hills.
If I can be of any assistance with your Monterey Hills Real Estate needs, please do not hesitate to email me at Irina@Irina4RealEstate.com or call me at (626)627-7107. Thank you!
