Condos For Sale - What Are the Advantages of Buying a Condo?6745344
Buying a condo is a lot like the purchase of a single family residence, but with some advantages. In the condo the property owners association trims the shrubs, mows the lawn, trims the trees and generally fixes other annoying and bothersome items like a roof leak and whatever is needed. On the other hand in the single family home YOU do all this work. Sounds like fun, huh!
Even in times of foreclosures and falling home sales, a condo purchase is an attractive option. Why? Because the cost is anyplace from 20 to 30 percent less than a regular single family members home. Especially fantastic for the young couples, singles or even retired seniors from states exactly where it snows or freezes seven months a year. An additional plus on the glad-I-bought-a-condo smile sheet, is no worry 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 people who want to appreciate simple living, follow the condos for sale trail in well established, close to comfy and safe neighborhoods. Some may opt for a condo loft in a downtown area close to all the action. Others may choose condos for sale in an area away from the noise if public transportation is available. Speaking of security, owning a condo in a building with 40 other units provides an element of security, as well.
When leaving on a trip you can feel comfortable that you neighbor(s) will maintain a sharp eye out for thieves who believed your condo would be a soft touch.
Okay! So a lot for "the condos-are-fantastic" tour. How about couple of concerns you should ask prior to a purchase?
- Is there any law suit or pending litigation against the condo association? It is important that you are conscious of it before signing any paperwork. Older condo units are the ones most susceptible - Does the condo association have sufficient reserves stashed away for repairs and improvements in case some thing severe happens? - 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 occur.
A condo purchase can improve your buying power. Condos generally price much less to preserve than a single family homes. Also condos have amenities that many could not otherwise afford. Swimming pools, tennis courts, physical exercise rooms, and, in many cases, a neighborhood center.
