Condos For Sale - What Are the Advantages of Purchasing a Condo?7508712
Buying a condo is a lot like the buy of a single family members residence, but with some advantages. In the condo the property owners association trims the shrubs, mows the lawn, trims the trees and usually fixes other annoying and bothersome items like a roof leak and whatever is required. On the other hand in the single family members home YOU do all this work. Sounds like fun, huh!
Even in occasions of foreclosures and falling home sales, a condo buy is an appealing option. Why? Because the price is anywhere 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 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 simple living, follow the condos for sale trail in well established, close to comfortable and safe neighborhoods. Some might opt for a condo loft in a downtown region 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 really feel comfy that you neighbor(s) will maintain a sharp eye out for thieves who thought 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 essential that you are aware 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 serious occurs? - Prior to signing on the dotted line for your condo buy, you need 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 less to maintain than a single family homes. Also condos have amenities that many could not otherwise afford. Swimming pools, tennis courts, exercise rooms, and, in many cases, a community center.
