Condos For Sale - What Are the Advantages of Purchasing a Condo?7897351
Purchasing a condo is much 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 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 purchase is an appealing option. Why? Because the price is anyplace 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 exactly 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 individuals who want to appreciate simple living, follow the condos for sale trail in nicely established, close to comfy and safe neighborhoods. Some may opt for a condo loft in a downtown region close to all the action. Others might choose condos for sale in an area away from the noise if public transportation is accessible. Speaking of safety, owning a condo in a building with 40 other units offers 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 believed your condo would be a soft touch.
Okay! So a lot for "the condos-are-fantastic" tour. How about couple of questions 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 sufficient reserves stashed away for repairs and improvements in case something severe occurs? - 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 happen.
A condo buy can improve your buying power. Condos generally cost much less to maintain than a single family members homes. Also condos have amenities that many could not otherwise afford. Swimming pools, tennis courts, exercise rooms, and, in many cases, a neighborhood center.
