Condos For Sale - What Are the Advantages of Buying a Condo?9397240
Purchasing a condo is a lot 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 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 appealing option. Why? Because the price is anyplace from 20 to 30 percent much less than a normal single family home. Particularly great for the young couples, singles or even retired seniors from states where it snows or freezes seven months a year. Another 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 people who want to enjoy simple living, follow the condos for sale trail in well established, close to comfy and safe neighborhoods. Some might opt for a condo loft in a downtown region close to all the action. Other people might 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 provides an element of safety, too.
When leaving on a trip you can really feel comfortable that you neighbor(s) will keep a sharp eye out for thieves who believed your condo would be a soft touch.
Okay! So a lot for "the condos-are-wonderful" tour. How about few questions you should ask prior to a buy?
- Is there any law suit or pending litigation against the condo association? It is essential 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 something severe happens? - Prior to signing on the dotted line for your condo buy, you need an inspection. Because you are ostensibly a co-owner of the building, assessments can happen.
A condo buy can improve your buying power. Condos generally cost much less to maintain 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.
