Condos For Sale - What Are the Advantages of Purchasing a Condo?6726235
Buying a condo is much like the purchase of a single family residence, but with some benefits. In the condo the property owners association trims the shrubs, mows the lawn, trims the trees and generally fixes other annoying and bothersome products 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? Because the cost is anywhere from 20 to 30 percent much less than a normal single family members home. Particularly 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-bought-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 enjoy simple living, adhere to the condos for sale trail in well established, close to comfortable and safe neighborhoods. Some might opt for a condo loft in a downtown area 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 safety, 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 keep 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 buy?
- Is there any law suit or pending litigation against the condo association? It is important 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 happens? - Prior to signing on the dotted line for your condo purchase, you require an inspection. Since you are ostensibly a co-owner of the building, assessments can happen.
A condo purchase can improve your buying power. Condos generally price much less to maintain 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 instances, a neighborhood center.
