• You have the right resources – A condominium, like any property, is a huge and long-term financial commitment. If you have a reliable income source and you know you can afford the monthly cut along with the additional expenses that typically come with condo living, it is high time to seriously consider taking the plunge. Keep your finances in check and if you are confident you can afford the investment, start looking.

• Substantial savings – A sizeable emergency fund is also a great sign of investment-readiness. If you have saved up quite a lot over the years and have enough to get you by in case of disturbances to your steady income without causing financial distress, then it’s a good time to buy.

• You are responsible enough to manage your own place – A new place of your own entails new responsibilities. If you know you can handle your own home’s upkeep without having to call on your landlord or property manager when something breaks, then you are ready to invest.
• You understand the investment – A condo, while made more affordable by developers, isn’t cheap. However, it is an excellent economic asset especially in this day and age. If you see its potential for financial benefit, then a purchase can really be a solid investment that you can liquidate in one form or another as time goes.