Condos For Sale - What Are the Benefits of Purchasing a Condo?5313984
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 usually fixes other annoying and bothersome products 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 occasions of foreclosures and falling home sales, a condo purchase is an attractive option. Why? Because the cost 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 exactly where it snows or freezes seven months a year. Another plus on the glad-I-bought-a-condo smile sheet, is no worry 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, 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 region near all the action. Others 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 offers an element of safety, too.
When leaving on a trip you can feel comfy that you neighbor(s) will keep a sharp eye out for thieves who thought your condo would be a soft touch.
Okay! So much for "the condos-are-fantastic" tour. How about couple of questions 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 conscious 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 some thing serious occurs? - 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 occur.
A condo purchase can increase your buying power. Condos generally cost 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 instances, a community center.
