Condos For Sale - What Are the Advantages of Purchasing a Condo?2578685
Purchasing a condo is much like the purchase of a single family members residence, but with some advantages. In the condo the homeowners association trims the shrubs, mows the lawn, trims the trees and generally fixes other annoying and bothersome items like a roof leak and what ever is required. On the other hand in the single family members home YOU do all this work. Sounds like fun, huh!
Even in times of foreclosures and falling home sales, a condo buy is an attractive option. Why? Simply because the price is anywhere from 20 to 30 percent less than a normal single family members home. Especially great for the young couples, singles or even retired seniors from states where it snows or freezes seven months a year. An additional plus on the glad-I-purchased-a-condo smile sheet, is no be concerned about shoveling, repairs, maintenance, or other dreaded chores. Yep! Sell the snow shovel and motorized lawn mower. It will no longer be a requirement.
Many individuals who want to appreciate simple living, follow the condos for sale trail in nicely established, close to comfortable and safe neighborhoods. Some might opt for a condo loft in a downtown area close to all the action. Others may choose condos for sale in an region away from the noise if public transportation is accessible. Speaking of security, owning a condo in a building with 40 other units offers an element of security, too.
When leaving on a trip you can really feel comfortable that you neighbor(s) will keep a sharp eye out for thieves who thought your condo would be a soft touch.
Okay! So much for "the condos-are-wonderful" tour. How about couple of questions you should ask prior to a purchase?
- Is there any law suit or pending litigation against the condo association? It is essential that you are aware of it before signing any paperwork. Older condo units are the ones most susceptible - Does the condo association have adequate reserves stashed away for repairs and improvements in case something serious occurs? - Prior to signing on the dotted line for your condo purchase, you require an inspection. Because you are ostensibly a co-owner of the building, assessments can happen.
A condo buy can improve your purchasing power. Condos generally price much less to preserve than a single family members homes. Also condos have amenities that many could not otherwise afford. Swimming pools, tennis courts, physical exercise rooms, and, in many cases, a community center.
