Condos For Sale - What Are the Advantages of Purchasing a Condo?7224521
Buying a condo is a lot 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 whatever is required. 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? Simply because the price is anywhere from 20 to 30 percent much less than a normal single family home. Especially fantastic 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 enjoy easy living, adhere to the condos for sale trail in nicely established, close to comfortable and safe neighborhoods. Some may opt for a condo loft in a downtown area near all the action. Others might choose condos for sale in an area 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 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-wonderful" 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 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 need an inspection. Since you are ostensibly a co-owner of the building, assessments can occur.
A condo purchase can increase your purchasing 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 cases, a neighborhood center.
